SpaceX’s IPO and Bitcoin Surprises

SpaceX has officially filed for an initial public offering, aiming to raise a record‑breaking amount and value itself at $1. 75 trillion. The company plans to list on the Nasdaq under the ticker SPCX, with a roadshow starting June 4 and an official debut on June 12. In its filing, SpaceX revealed it owns 18, 712 Bitcoins, worth about $1. 45 billion at current prices. The company bought the coins for roughly $661 million, so it is already earning a profit of over 100 percent on those holdings. SpaceX’s revenue in 2025 reached $18. 5 billion, with its satellite internet service Starlink contributing nearly half of that figure. The firm is also in a long‑term contract with Anthropic, which will pay it $1. 25 billion per month for compute services through 2029, further boosting future income.Meanwhile, Nvidia reported its biggest earnings quarter ever. Revenue hit $81. 6 billion, up 85 percent from a year earlier, and the company forecast $91 billion for Q3—well above analysts’ expectations. Nvidia also announced a massive share‑buyback program and increased its dividend to $0. 25 per share. Crypto markets were mixed. Bitcoin traded near $77, 000, while the token HYPE surged 15 percent to $57. 40, driven by strong revenue from its trading platform and automated buybacks that reward token holders. Other tokens such as ZEC, LIT, and MNT also posted gains. Ethereum’s creator Vitalik Buterin outlined upcoming upgrades aimed at enhancing privacy and quantum resistance. The changes will be implemented in a future hard fork scheduled for late 2026, combining multiple security improvements into one update. The broader market saw mixed signals. Nvidia’s earnings lifted tech stocks, but Walmart issued a cautious outlook that dragged down stock futures. Oil and gold prices were largely flat, and several crypto ETFs experienced net outflows, while the HYPE ETF attracted record inflows.