SpaceX has scored a massive success with its IPO. Investors are piling into Elon Musk’s company. Here’s what else you need to know.
On June 10, 2026, Reuters reported that investor demand for SpaceX’s initial public offering (IPO) had topped $250B. That’s nearly four times the roughly $75B the company plans to raise.
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SpaceX intends to list 555 million Class A shares at $135 apiece. The current oversubscription level is estimated at 3.5 to 4 times. Reuters sources say these figures reflect indicative institutional interest, including large orders from long-term funds. Final terms could still change before pricing.
Elon Musk personally attended several meetings with potential buyers. SpaceX President Gwynne Shotwell and CFO Brett Johnsen are conducting additional marketing events, including a planned lunch for institutional investors at Morgan Stanley’s office.
How SpaceX’s IPO Affects the Crypto Market
The SpaceX listing is happening amid heightened volatility. Analysts link the recent pullback in tech stocks and crypto to an “IPO tax“—investors selling other risk assets to free up cash for the offering. Estimates suggest the crypto market has lost more than $180B over the past week.
Bitrue Research Institute experts call this classic pre-IPO liquidity tightening. They expect pressure could ease once trading begins, but in the short term, it adds extra volatility for correlated assets—especially crypto, the most sentiment-sensitive segment.
Crypto Community Reaction
Crypto exchanges quickly jumped on the hype. Binance, Coinbase, Kraken, and Bybit launched pre-IPO perpetual futures for SpaceX stock under the ticker SPCX. On Binance alone, volume topped $2.1B over 18 trading days. On the decentralized platform Hyperliquid, daily volume hit $70M with open interest above $115M.
NYSE veteran Peter Tuchman predicts shares could open around $1,000—well above the $135 IPO price. He calls the 100x earnings valuation “frothy,” comparing it to Meta and Nvidia multiples, and advises investors to wait for the first trades before making decisions.
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