A historic stock market debut is imminent, with SpaceX's initial public offering (IPO) expected in June, which may divert investor attention from the crypto market. The company has filed a confidential S-1 with the SEC, seeking to raise $75 billion at a valuation of $1.75 trillion.
This would surpass Saudi Aramco's $29 billion record in 2019, making it the largest stock market debut in history. Other notable listings, including OpenAI and Anthropic, are also on the horizon, with combined funding exceeding $240 billion from June to year-end.
This massive capital pull could lead to a reduction in liquidity, affecting bitcoin and the broader crypto market. As these companies prepare to go public, investors are advised to be cautious, as the influx of new capital may lead to a rotation out of equities and into these new listings, potentially triggering a decline in crypto prices.