The SpaceX IPO is Coming Soon. What Does It Mean for Crypto?

Reuben Gregg Brewer, The Motley Fool

Sun, June 7, 2026 astatine 2:35 PM CDT 3 min read

The SpaceX IPO is coming! Everyone connected Wall Street is excited, and for bully reason, fixed the monolithic size of the deal, which is expected to rise $75 billion. There's an absorbing twist here, however, due to the fact that SpaceX is apt to entreaty to much assertive investors. The precise aforesaid benignant of capitalist that buys cryptocurrency. Don't get excessively worried, adjacent if there's immoderate short-term disruption successful the crypto space.

How debased volition crypto go?

Bitcoin (CRYPTO: BTC) is the grandaddy of each cryptocurrencies. It is down astir 40% implicit the past twelvemonth and disconnected astir 50% from its 2025 high, which was besides its all-time high. This drawdown isn't really unusual, arsenic Bitcoin has mislaid much than 60% 3 times, with its worst diminution exceeding 80%. That said, technically speaking, the implicit worst-case script is that each cryptocurrencies autumn to zero. After all, the lone happening supporting the terms of a cryptocurrency is the willingness of radical to bargain and clasp it.

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SpaceX is apt to beryllium a impermanent distraction

Right now, the typically much assertive investors who would put successful crypto look to beryllium much funny successful prediction markets. That's highlighted by Robinhood's (NASDAQ: HOOD) first-quarter net results. Transaction-based revenues from crypto trading fell 47% twelvemonth implicit year, portion prediction marketplace gross skyrocketed 320%.

There large takeaway from Robinhood's results: Even though there's a blistery caller concern fad (prediction markets), radical are inactive trading crypto. The SpaceX IPO could gully immoderate investors distant from some crypto trading and prediction markets, but the IPO is simply a one-time event. After it is over, trading astir SpaceX whitethorn stay elevated for a while, but it volition yet slow. And past radical volition travel backmost to crypto trading and prediction markets.

SpaceX is simply a proponent of crypto

The information is, Bitcoin is absorbing due to the fact that it operates extracurricular the realm of government-backed money. That whitethorn springiness it, and possibly a tiny fig of different cryptocurrencies, functional worth that provides a terms floor. For example, SpaceX's IPO prospectus shows that it owns 18,712 Bitcoin, a hoard worthy much than $1 billion. SpaceX could really pb different companies to travel suit and physique their ain positions arsenic a fiscal reserve.