🚨 Breaking news: SpaceX has secretly filed for an S-1, planning an IPO with an estimated valuation of about $1.75 trillion, raising up to $75 billion! If listed in June, it will break the record set by Saudi Aramco in 2019. Meanwhile, OpenAI and Anthropic also plan to go public in the second half of this year, with the three giants expected to raise over $240 billion combined!

As a crypto veteran, I’ll be straightforward: **In the short term, this is a real liquidity shock to the crypto market**. These mega tech IPOs will draw heavily from the same “risk asset funding pool,” likely weakening the buying support for Bitcoin, Ethereum, and altcoins. Remember when Coinbase went public in 2021 and coincided with Bitcoin’s cyclical top? This SpaceX IPO could once again become a key liquidity turning point for the crypto market. In the short term, BTC may face a pullback pressure, especially given the current high correlation between US stocks and crypto.
But in the long run, I remain extremely optimistic about the crypto market!
The listing of true tech giants like SpaceX, OpenAI, and Anthropic signifies that the super narrative of AI + space + human future is officially entering the public capital markets. This isn’t traditional finance “grabbing money” from crypto, but an accelerator for the entire wave of innovation. In the future, Web3, decentralized AI, on-chain finance, space economy… these sectors will only gain more attention and capital because of the demonstration effect of these giants. The crypto market will undergo a “shakeout,” with weaker projects dying out, while projects with real narratives and technology will stand out.
My summary:
Short-term patience through the liquidity winter, and bold deployment in the medium to long term.
A true bull market has never been smooth sailing; it’s about enduring the capital rotation and the strong surviving.
What do you think? Short-term risk aversion or seizing the opportunity to add quality assets? Welcome to discuss 👇