The SpaceX IPO Is Finally Here. What Does It Mean for Bitcoin Investors?

SpaceX's $75 billion IPO debut is expected to drain liquidity from cryptocurrency markets as investors liquidate crypto holdings to fund participation in the IPO wave. Bitcoin has already dropped 21% in the last 30 days. While some capital may eventually rotate back into crypto, investors should not expect significant relief in the near term as upcoming IPOs from OpenAI and Anthropic will continue to pressure digital assets.