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SpaceX IPO Threatens to Drain Billions from Bitcoin and Cryptocurrency Assets

From moneycheck.com

The highly anticipated SpaceX initial public offering scheduled for Thursday is raising concerns among cryptocurrency analysts who warn it may intensify selling pressure on Bitcoin and alternative digital assets. This offering represents one of the most significant market debuts in financial history. Investment Capital Shifting from Digital Assets Elon Musk’s aerospace venture is pricing shares at $135 each to secure $75 billion in funding, establishing a company worth approximately $1.77 trillion. In an uncommon strategy for such a massive offering, 30% of available shares have been allocated for individual retail ... (full story)

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  • Category: Fundamental Analysis