{"id":31384,"date":"2026-06-10T08:45:25","date_gmt":"2026-06-10T08:45:25","guid":{"rendered":"https:\/\/bitunikey.com\/news\/are-crypto-markets-at-risk-as-spacex-ipo-is-4x-oversubscribed\/"},"modified":"2026-06-10T08:45:33","modified_gmt":"2026-06-10T08:45:33","slug":"are-crypto-markets-at-risk-as-spacex-ipo-is-4x-oversubscribed","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/are-crypto-markets-at-risk-as-spacex-ipo-is-4x-oversubscribed\/","title":{"rendered":"Are crypto markets at risk as SpaceX IPO is 4x oversubscribed?"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SpaceX\u2019s planned public offering has attracted more than $250 billion in orders, nearly four times the $75 billion it aims to raise.\u00a0<\/p>\n<div id=\"cn-block-summary-block_d87ee08a99a04fd73dcf856e85ce3afa\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SpaceX has attracted over $250 billion in orders for its planned $75 billion public offering.<\/li>\n<li>Crypto\u2019s recent selloff offers early evidence of capital rotation, though other market pressures remain active.<\/li>\n<li>Nasdaq rules could admit SpaceX after 15 trading days, creating another potential demand wave later.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The scale has renewed questions about whether the June 12 listing will pull capital from crypto markets.<\/p>\n<p>The IPO is expected to price Thursday at about $135 per share. Orders can still change before final allocations, but early demand shows how much cash investors are preparing to move.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Crypto shows early signs of a liquidity squeeze<\/strong><\/h2>\n<p>As crypto.news reported, the digital asset market lost about $250 billion during the June selloff, while Bitcoin briefly fell below $62,000. The timing supports claims that some investors are rotating toward major technology listings.<\/p>\n<p>SpaceX is not the only pressure. Geopolitical tension, weaker rate-cut hopes and leveraged liquidations have also weighed on Bitcoin and altcoins. The IPO may add strain without being the sole cause.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThat combined selling is what you are seeing right now,\u201d market commentator Bull Theory said.<\/p>\n<\/blockquote>\n<p>The statement remains an interpretation because public data does not show how much crypto was sold specifically to fund SpaceX orders.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">$2 TRILLION HAS BEEN WIPED OUT FROM US STOCK MARKET IN LAST 2 HOURS. <\/p>\n<p>Two possible reasons for this selloff.<\/p>\n<p>THE FIRST REASON IS SPACEX.<\/p>\n<p>SpaceX lists on June 12 at a $1.77 trillion valuation, raising $75 billion, the largest IPO in US history. <\/p>\n<p>SpaceX allocated 30% of shares\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/PmeUMBiOax\">https:\/\/t.co\/PmeUMBiOax<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/CtmauWtpcf\">pic.twitter.com\/CtmauWtpcf<\/a><\/p>\n<p>\u2014 Bull Theory (@BullTheoryio) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/BullTheoryio\/status\/2064386151407038485?ref_src=twsrc%5Etfw\">June 9, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\"><strong>SpaceX trading may keep capital tied up<\/strong><\/h2>\n<p>SpaceX plans to sell $75 billion of stock at a valuation near $1.8 trillion. Reuters <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/spacex-ipo-demand-is-approaching-four-times-oversubscribed-source-says-2026-06-09\/\" target=\"_blank\" rel=\"nofollow\">reported<\/a> that retail investors may receive up to 30% of the offering, far above normal IPO allocations.<\/p>\n<p>The demand has reached currency markets. South Korean investors reportedly generated about $1.5 billion in dollar purchases linked to the IPO, adding pressure to the won before those orders cleared.<\/p>\n<p>A strong opening could encourage investors who missed allocations to sell other assets and buy SPCX. A weak debut could ease that pressure, though the stock may remain volatile because only a small portion of SpaceX will trade publicly.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Crypto derivatives signal demand and volatility<\/strong><\/h2>\n<p>Binance, Coinbase, Bybit and Bitget launched SpaceX pre-IPO perpetuals, while Kraken offered tokenized IPO access in more than 110 markets. The products give traders exposure before the stock begins trading.<\/p>\n<p>Hyperliquid\u2019s synthetic SpaceX contract climbed above $200 before retreating toward $165. An earlier SpaceX-linked contract also fell 45% within 30 minutes, liquidating about $1.5 million as thin liquidity worsened the move.<\/p>\n<p>These products do not represent SpaceX shares. Their leverage and limited depth can produce prices that differ sharply from the stock after listing.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Nasdaq entry could extend the liquidity contest<\/strong><\/h2>\n<p>Nasdaq\u2019s updated rules let a large new listing qualify for fast entry into the Nasdaq-100. An eligible company is assessed after seven trading days and can normally enter after 15.<\/p>\n<p>Some analysts estimate that inclusion could trigger $22 billion to $27 billion in passive buying. Nasdaq has not confirmed that figure. Its rules also say fast entry does not require removing another company.<\/p>\n<p>Crypto\u2019s main risk is therefore continued competition for speculative capital. Bitcoin ETF flows, stablecoin reserves and SPCX\u2019s opening performance will show whether pressure continues after the debut.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX\u2019s planned public offering has attracted more than $250 billion in orders, nearly four times the $75 billion it aims to raise.\u00a0 Summary SpaceX has attracted over $250 billion in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":29949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=31384"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31384\/revisions"}],"predecessor-version":[{"id":31385,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31384\/revisions\/31385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/29949"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=31384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=31384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=31384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}