SpaceX IPO dropping June 12 at $1.75T valuation.

If this goes through, we're talking top 5 largest IPOs ever. Passive fund flows + NASDAQ inclusion = forced buying from day one. Not retail FOMO — institutional rebalancing.

Two $1T+ Elon companies on one exchange. Concentration risk is insane.

Biggest question: is this the IPO of the decade or are we buying the top of a hype cycle?

Watch liquidity closely. If this pulls capital out of risk-on assets (including crypto), expect short-term pressure on alts.

SpaceX IPO Nasdaq