Why the SpaceX IPO Could Rotate $500 Billion Back Into Crypto

That Could Change Everything

Two things happen tomorrow that you need to know about before they hit.

One could end a war. The other is the biggest IPO in human history.

Let me break them both down.

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Two Things Tomorrow That Could Change Everything

Bitcoin is doing better today, a little below $64,000, up about 3%. Most alts are green, AI tech rallied hard, and everything is trending upward.

Two reasons for that. And both land tomorrow.

Number One: The War May Actually Be Ending

We’ve been hearing it back and forth, back and forth. Trump was going to attack today. New strikes. Take Kharg Island. He was fed up, frustrated, saying Iran was taking too long and would never settle.

Then this came out. He claims they’ve settled. Subject to finalization, expect signing in a few days.

Is this true?

We’ve heard “a few days” before, followed by more escalation and retaliation. It did seem like he and Pete Hegseth were dead set on attacking today. Maybe it was a negotiating tactic.

But the White House put out that they’ve canceled the scheduled strikes, and that Iran will never have a nuclear weapon, probably part of the deal.

If this is real, it will be absolutely fantastic. Not just for markets, for everyone around the world. We can finally move past this. That’s one of the big reasons we rallied today.

And here’s a related headline worth noting.

The United States just became the world’s largest oil exporter, surpassing Saudi Arabia.

Think about Venezuela, the blockade, the disruption. There’s a reason we did all this. Nothing is ever done without serving some self-interest, especially with these wars.

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Number Two: The Biggest IPO in History

Tomorrow is the SpaceX IPO. Everyone is trying to gauge it. It’s overallocated.

It will be the biggest in history, period.

Oppenheimer placed an outperform rating with a $190 price target, even though it debuts at $135. If it closes at 190, that’s a market cap around $2.5 trillion after tomorrow.

Some staggering stats. SpaceX is 2.4 times larger than the total raised in the previous biggest IPO. They raised $75 billion just with retail.

At $2.5 trillion, that puts them right under Amazon, maybe even above. Possibly top five, right under Microsoft. If it gets really hot, it could surpass Microsoft and touch $3 trillion, though I don’t think that happens.

And one more thing to let sink in. Elon Musk becomes the world’s first documented trillionaire. Trillion with a T. It’s already unfathomable to become a billionaire. Let that sit for a second.

How This Connects to Crypto

Three ways.

• One. SpaceX’s filing says they hold about 18,712 Bitcoin — worth over $1 billion. For a potential top-five company to hold that much Bitcoin is a big endorsement, even if Elon doesn’t talk about it much. Tesla also holds a lot. If they ever merge, that’s even more.
• Two. The CEO of Strategy says there could be a capital rotation outward. A lot of money flew out of crypto and into SpaceX. If those investors make a lot of money, that money rotates back. He’s talking about a $500 billion capital rotation. Maybe not right away, but if the SpaceX bubble bursts, people will look for shinier investments like Bitcoin and crypto, since we’re down so much.
• Three. Crypto trading is at a two-year low. FUD is high. A lot of things are quite low right now.

That could be a very good thing.

Why the Setup Looks Good

This is usually when we see a turnaround. Crypto bottoms. Winter bottoms. This is what we’re seeing.

Today we came up a little, and finally we’re seeing more shorts being wrecked instead of longs. Given how oversold we are, if we get more liquidations on the short side and some short squeezes, that could drive us higher.

A relief rally is exactly how these moments tend to start.

Final take for the day

One headline could end a war and lift every market on Earth. The other could spark the biggest wealth event in history, and eventually rotate hundreds of billions back into crypto.

Crypto is at a two-year low, oversold, with shorts finally getting squeezed.

Tomorrow is going to be an interesting day. And it’s looking like a good one.

Stay strong, my friends.

Thanks for reading. See you in the next one :)

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