SpaceX plans a record $75 billion IPO at a $1.8 trillion valuation, drawing sovereign wealth funds, venture capital, and crypto platforms ahead of its

SpaceX plans to raise $75 billion in its IPO at a $1.75 trillion valuation. The massive equity issuance could drain liquidity from crypto and risk assets.

SpaceX targets a $75 billion IPO on June 11, seeking a $1.8 trillion valuation. The company holds roughly 18,700 bitcoins on its balance sheet.