SpaceX priced its initial public offering at $135 per share, raising $75 billion in what the company describes as the largest IPO in history. The offering valued SpaceX at $1.75 trillion, according to CoinDesk.
The IPO announcement triggered immediate gains across major cryptocurrencies. Bitcoin rose 1.6% to roughly $63,550. Solana climbed 3%. XRP and dogecoin each gained 2.3%, while Hyperliquid surged 7.6% on the day.
SpaceX founder Elon Musk is on track to become the world’s first trillionaire based on the company’s valuation. The IPO drew $250 billion in total demand, including $100 billion in retail orders alone.
Bitcoin had recovered ground lost in an early-June selloff ahead of the SpaceX announcement. Dogecoin has historically spiked on Musk and SpaceX headlines. SpaceX is scheduled to begin trading on Nasdaq under ticker SPCX on Friday.
