SpaceX plans to price its IPO at $135 per share, raising about $75 billion and valuing the company at $1.75 trillion. The listing would bring SpaceX's 18,712-bitcoin treasury, worth $1.29 billion as of March 31, into public markets, offering investors indirect bitcoin exposure. Analysts watch for potential capital diversion from crypto as megacap IPOs and AI fundraises compete for risk-on investment. A possible future merger with Tesla could concentrate one of the largest corporate bitcoin holdings.

Key facts

• SpaceX IPO priced at $135/share, raising $75B, valuing company at $1.75T.
• SpaceX holds 18,712 BTC worth $1.29B, bringing bitcoin exposure to public markets.
• IPO along with AI fundraises may divert risk capital from crypto.
• Potential SpaceX-Tesla merger could create massive corporate bitcoin holding.
• Crypto prices may face short-term pressure from competing high-growth equity offerings.

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