Crypto traders are helping shape pre-IPO price discovery ahead of SpaceX's highly anticipated June 12 stock market debut.

SpaceX's record IPO draws $250B in demand against a $75B target, with Bitcoin holders reportedly liquidating crypto to participate in the $1.75T offering.

SpaceX’s IPO attracted $250 billion in demand, nearly four times oversubscribed, with crypto exchanges offering pre-IPO futures as spot markets sold off.