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SpaceX IPO Could Affect Bitcoin and Ethereum

SpaceX’s public listing could pull capital out of Bitcoin and Ethereum, while crypto platforms are already seeing plenty of speculation around the valuation. That makes the IPO relevant for European investors too.

By Luc Vesters
• 2 min read
SpaceX IPO Could Affect Bitcoin and Ethereum

Key Takeaways

  • The upcoming SpaceX IPO could pull capital away from Bitcoin and Ethereum as investors free up cash to take part.
  • Analysts link recent price drops in Bitcoin and Ethereum partly to the expected SpaceX IPO and other major public listings.
  • Tokenized SpaceX shares and pre-IPO futures are drawing a lot of trading on crypto platforms and giving European investors extra access in particular.

The upcoming SpaceX public listing, scheduled for Thursday, could play a major role in crypto market dynamics. With planned proceeds of 75 billion dollars and a valuation of about 1.77 trillion dollars, the IPO is getting a lot of attention, especially since up to 30% of the shares are set aside for retail investors. That could lead to capital moving out of riskier assets like Bitcoin and Ethereum.

Impact of the SpaceX IPO on Crypto Markets

The huge size of the SpaceX IPO could push investors to trim their positions in digital currencies so they can take part in this high-profile listing. Analysts note that recent price drops in Bitcoin and Ethereum may partly be explained by anticipation around this and other major IPOs, such as those of OpenAI and Anthropic. According to experts, Bitcoin is sometimes seen as a funding source for these capital-heavy deals.

Beyond the possible capital rotation, there is already a lot of trading activity around SpaceX-related crypto instruments. For example, pre-IPO perpetual futures are trading above the IPO price of 135 dollars, which points to strong interest and a new way to price private companies through crypto markets. Platforms like Binance, Hyperliquid, and OKX are facilitating this trading, which increases access and liquidity.

Access to SpaceX Through Tokenized Shares

The launch of tokenized SpaceX shares on crypto exchanges gives investors a way to get exposure to the company’s valuation without buying traditional shares. This is especially relevant for investors outside the United States, who often have limited access to U.S.-listed companies. The oversubscription of the initial allocation of tokenized IPO shares on platforms like Bitget shows strong demand among crypto-native users.

These developments highlight a trend where crypto exchanges and wallet providers are increasingly acting as alternative channels for access to capital markets. That could change the way retail investors take part in major IPOs while also creating new liquidity flows within the crypto market.

Relevance for European Crypto Investors

For European investors, the SpaceX IPO and the related tokenized shares could offer an interesting new way to invest in high-profile U.S. companies through crypto platforms. That could point to a broader shift in how capital markets are being opened up, with traditional barriers getting smaller. European users of crypto exchanges may therefore be able to take part in these listings earlier and more easily than through conventional channels.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.