SpaceX IPO Draws Record $250 Billion Demand

Crypto Insight Summary: # SpaceX IPO Draws Record $250 Billion Demand ]( Ecosystem English News Sponsored About LINK$7.76 2.37% TRX$0.3225 0.45% DOGE$0.08392 2.97% XLM$0.1863 7.84% ZEC$430.72 8.82% ETH$1,635 3.04% BNB$587.59 2.86% SOL$64.42 4.02% HYPE$55.26 12.55% XMR$310.58 5.34% XRP$1.11 5.14% ADA$0.1611 5.72% BTC$61,611 2.69% LINK$7.75 2.60% TRX$0.323 0.37% DOGE$0.08388 3.10% XLM$0.1855 8.50% ZEC$429.88 9.73% ETH$1,634 3.21% BNB$587.41 2.89% SOL$64.41 4.24% HYPE$55.30 12.41% XMR$309.97 5.96% XRP$1.11 5.27% ADA$0.1617 5.36% BTC$61,566 2.87% SpaceX IPO Draws Record $250 Billion Demand ]( 4]( 95460;setID=351403;channelID=0;CID=1816169;BID=524647676;TAID=0;place=0;rnd=6746812574;psrtype=api;referrer=https%3A%2F%2Fcointelegraph.com%2F;request_uuid=eda6fdaf-aaab-43f9-adb4-e47ed127d96b;mt=1781075836612274;hc=b5ce45bb82ec8c62c4ab297a8641547a9e3372a0) Written by staff writer Reviewed by staff editor Written by staff writer Reviewed by staff editor # SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech Published Jun 10, 2026 Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts. Copy link  The initial public offering of Elon Musk’s SpaceX has reportedly seen an oversubscription rate running at almost four times the planned offering size, with some analysts suggesting it could be squeezing liquidity from the market. SpaceX’s IPO (SPCX) has attracted over $250 billion in investor demand, far exceeding the $75 billion it is seeking to raise in what would be the largest public offering ever, with the firm valued at $1.8 trillion, Reuters [reported](https://www.reuters.com/world/spacex-ipo-demand-is-approaching-four-times-oversubscribed-source-says-2026-06-09/). Bankers and investors say it is the latest sign that demand is strong, as long-only funds have put in “sizable orders,” according to the sources. Pricing is expected on Thursday, though demand figures can still shift before then, as some large institutional investors tend to submit orders late in the process. ## Tech stocks tumble in IPO hype rotation The IPO comes at a time of extreme volatility in markets, with US tech stocks tumbling and crypto markets shedding more than $180 billion over the past week. Some analysts have speculated that the market retreat could be partially driven by selling to raise funds for the SpaceX IPO. “The tanking in crypto and tech stocks right now isn’t random, it’s the direct ‘IPO tax’ from SpaceX’s record-breaking deal, with pricing tomorrow and trading Friday at $135 for a $1.8 trillion valuation,” he said. _Tech stocks take a hit (five-day) ahead of SpaceX IPO. The firm has also touted a $23 trillion market opportunity it claims is ahead for its artificial intelligence offerings. Crypto Insight Analysis: Direction: Bearish BTC / ETH / SOL / BNB / ADA / XRP / DOGE / LINK / XLM / TRX / XMR / ZEC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: SpaceX's record IPO demand is causing a liquidity squeeze, leading to market-wide sell-off in crypto and tech stocks.