SpaceX just went public at a $1.7T valuation, making it the largest IPO in history. That alone would be enough to send risk assets into a frenzy, but pair it with geopolitical signals suggesting a potential peace deal involving Iran, and you’ve got a cocktail that’s pushing traders firmly into risk-on mode.
Bitcoin is riding that wave. After bouncing off yearly lows near $60K last week, BTC has climbed steadily to trade near $64K, marking a 5.3% gain over seven days and a 2.1% bump in the last 24 hours, according to CoinGecko data.
The SpaceX effect on risk markets
Look, a $1.7T IPO is not a normal event. To put that in perspective, that valuation makes SpaceX’s public debut larger than the entire market cap of most publicly traded companies on the planet. It signals something important: institutional appetite for risk is alive and well, even in a macro environment that has kept many investors on the sidelines.
When the biggest IPO in history prices at a number that starts with “trillion,” it sends a message to every corner of the financial ecosystem. Crypto included.
