$BTC What Does SpaceX's $1.5 Trillion Valued IPO Mean for Crypto?
Musk's rocket company may create the largest IPO in history, aiming to raise over $300 billion.
What does this have to do with Crypto
It's very significant. SpaceX's IPO would draw away a large amount of risk-seeking capital, especially in tech growth allocations.
The drop of $BTC from $60K to $30K around the time of Coinbase's 2021 listing was no coincidence.
Large tech IPOs will redefine the relative valuations of 'risk assets'...
Crypto investors need to pay attention to the IPO calendar, as it affects capital flows.
BTC
80,867.18
-1.33%