SpaceX's $75B IPO forces passive index fund investors into exposure to a stock with 3-4% float and nearly 19,000 BTC on its balance sheet.

SpaceX's record $75B IPO creates a float squeeze for index funds, while its Bitcoin treasury and tokenized equity products ripple across crypto markets.

SpaceX raised $75B in the largest IPO ever, with shares surging 19% on Nasdaq. The company also revealed it holds 18,712 BTC worth $1.29 billion.