On June 10, 2026, financial media were buzzing about one of the biggest events of the year for investors — the preparation for SpaceX's IPO. Analysts believe this event could apply serious pressure on the crypto market in the coming months. �
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What happened?
Elon Musk's SpaceX is wrapping up preparations for the largest IPO in history. It's expected to raise around $75 billion, with the company's valuation nearing $1.75 trillion. A significant portion of the shares will be available to retail investors, meaning regular folks who have previously been active in crypto investments. �
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The situation is exacerbated by the fact that SpaceX is now closely tied to the AI sector following the integration of xAI assets. Many investors see SpaceX not just as a space company but as a leader in the AI market.
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Why is this hitting crypto?
The crypto market has survived for many years thanks to so-called 'risk investors' — people willing to put money into assets with high potential returns.
Today, those same investors are spotting three big opportunities:
SpaceX
The future IPO of OpenAI
The future IPO of Anthropic
Because of this, some capital is flowing out of Bitcoin, Ethereum, and altcoins into the artificial intelligence sector. Reuters clearly states that AI is becoming a new object of speculative interest, competing with cryptocurrencies for the same investor dollars.
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Market reaction
At the time of the news release:
Bitcoin was trading around $61,800.
The market has been far from its peaks.
Many altcoins have shown even worse dynamics.
Retail investor interest in cryptocurrencies has been waning.
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An additional negative factor has been the selling by major Bitcoin holders and the expectation of a possible tightening of the US Fed's monetary policy.
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Why is this news important for the whole world?
Previously, cryptocurrencies mostly competed with:
with gold;
the stock market;
bonds.
In 2026, a new competitor emerged — artificial intelligence.
If from 2021 to 2024, the main story was Bitcoin and blockchain, then in 2026, the biggest interest among investors is drawn to AI companies. A successful IPO from SpaceX could open the door for OpenAI and Anthropic to go public, which would draw even more capital away from the crypto market.
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What does this mean for crypto holders?
There are two possible scenarios:
Negative
money continues to flow into AI;
Bitcoin and altcoins remain under pressure;
The market may linger in stagnation for a few months.
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Positive
after the SpaceX IPO wraps up, investors are coming back to crypto;
price dips are being used for accumulation;
by the end of 2026, a new growth cycle begins. (This is already an analyst forecast, not a confirmed fact.)