What Happened
Musk's Aerospace Giant to Redefine Capital Markets
SpaceX is reportedly preparing for a June 2026 IPO, aiming to raise over $75 billion and redefine capital markets with a post-merger valuation of $1.75 trillion after integrating with xAI. The company has diversified beyond launch services to include global connectivity and extraterrestrial AI infrastructure, with 2025 revenues reaching $16 billion driven by Starlink growth. SpaceX also holds a significant amount of Bitcoin as a strategic reserve, which may introduce indirect exposure to passive funds and potentially create a price floor for the digital asset. This development was first reported by an unknown source.