A historic stock market debut is imminent, with SpaceX's planned $75 billion IPO set to take place in June, potentially impacting crypto markets. SpaceX, along with OpenAI and Anthropic, is poised to raise over $240 billion in capital, exceeding the combined total of all venture-backed US IPOs since 2000. This massive capital pull may lead to a reduction in liquidity, affecting bitcoin and other cryptocurrencies. The IPOs of these companies, particularly SpaceX's, are expected to attract significant attention and investment, potentially drawing funds away from crypto markets.
As a result, crypto prices may be impacted, with some experts warning of a potential bearish trend in equities following the SpaceX IPO. The correlation between crypto and traditional markets, as well as the historical precedent set by Coinbase's 2021 IPO, suggest that crypto prices may be vulnerable to fluctuations in the lead-up to and following the SpaceX IPO.