SpaceX IPO Bombshell: $75B Valuation Sparks Debate, Drains Crypto Liquidity?
Elon Musk's SpaceX is gunning for a record-shattering $75 billion IPO, but analysts are calling it a massive overvaluation. This mega-listing could siphon billions from tech and crypto markets, echoing past IPO disasters.
SpaceX is aiming for the stars with a $75 billion IPO, targeting a staggering $1.765 trillion valuation. This move dwarfs previous records, but the numbers don't add up for many. Despite revenue growth in its Starlink division, the company posted a nearly $5 billion loss last year, largely due to AI spending. Analysts at Morningstar peg its worth at half the target, flagging xAI as a major risk.
The potential liquidity drain is the real kicker for crypto traders. With SpaceX, OpenAI, and Anthropic poised to gobble up over $240 billion, expect a cash grab that could starve tech and digital asset markets. The Coinbase IPO playbook is a stark warning: Bitcoin cratered 50% post-listing. This SpaceX IPO could trigger a similar liquidity crunch.
Furthermore, SpaceX's 18,712 Bitcoin treasury will hit public markets, offering shareholders indirect crypto exposure. But the real question is whether institutional buyers will continue their ETF inflows or pull back, exacerbating the liquidity drain. If they bail, expect pain across the board.