{"id":74024,"date":"2026-06-14T16:35:30","date_gmt":"2026-06-14T16:35:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/spacex-ipo-is-4x-oversubscribed-but-what-happens-to-the-rest-of-market-bitcoin-news\/"},"modified":"2026-06-14T16:35:30","modified_gmt":"2026-06-14T16:35:30","slug":"spacex-ipo-is-4x-oversubscribed-but-what-happens-to-the-rest-of-market-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/spacex-ipo-is-4x-oversubscribed-but-what-happens-to-the-rest-of-market-bitcoin-news\/","title":{"rendered":"SpaceX IPO Is 4x Oversubscribed, But What Happens to the Rest of Market \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SpaceX drew $250B in IPO demand by June 12, pulling liquidity from crypto and tech markets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Nasdaq-100 funds may buy $22B-$27B of SpaceX, forcing sales of Nvidia and other holdings.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">OpenAI and Anthropic IPOs could follow in 2026, extending volatility and funding pressures.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><em>The following guest post comes from<\/em> <a href=\"https:\/\/bitcoinminingstock.io\" target=\"_blank\" rel=\"noopener noreferrer\">BitcoinMiningStock.io<\/a>, <em>a public markets intelligence platform delivering data on companies exposed to <span>bitcoin mining<\/span>, artificial intelligence, and <span>crypto<\/span> treasury strategies. Originally published on June 11, 2026, by Cindy Feng.<\/em><\/p>\n<p>I have to admit that the topic of SpaceX\u2019s IPO is impossible to avoid at this point of time. The order book closed <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-10\/spacex-ipo-is-said-to-be-more-than-four-times-oversubscribed\" target=\"_blank\" rel=\"noopener noreferrer\">roughly four times oversubscribed<\/a> at a <a href=\"https:\/\/www.bbc.com\/news\/articles\/cvgz237n40jo\" target=\"_blank\" rel=\"noopener noreferrer\">$1.75 trillion<\/a> valuation, which is peak FOMO by any definition. Yet at the same time, risk assets everywhere else have been getting hit. <span>Crypto<\/span> had one of its ugliest weeks of the year, and megacap tech hasn\u2019t been spared either.<\/p>\n<p><\/p>\n<p>FOMO on one side, <span>bear market<\/span> on the other. That didn\u2019t make sense to me, so I spent a few days trying to understand this IPO properly. The short answer: the two aren\u2019t in conflict. The selling is what\u2019s funding the FOMO. Once you see how the money moves, the rest of 2026 becomes easier to read, including for the AI-infra and mining names we follow here.<\/p>\n<h2 id=\"basics\">Basics<\/h2>\n<p>The basics first. <a href=\"https:\/\/bitcoinminingstock.io\/company\/spcx\" target=\"_blank\" rel=\"noopener noreferrer\">SpaceX (SPCX)<\/a> will list on Nasdaq June 12, selling shares at a fixed $135 to raise about $75 billion at a $1.75 trillion valuation. That\u2019s more than double <a href=\"https:\/\/edition.cnn.com\/2019\/12\/05\/investing\/saudi-aramco-ipo-price\" target=\"_blank\" rel=\"noopener noreferrer\">Saudi Aramco\u2019s record 2019 raise<\/a>, and it instantly puts SpaceX among the ten <a href=\"https:\/\/www.tradingview.com\/markets\/stocks-usa\/market-movers-large-cap\/\" target=\"_blank\" rel=\"noopener noreferrer\">most valuable U.S.-listed companies<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-822734\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/the-largest-ipos-in-history_nwmk.png\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/the-largest-ipos-in-history_nwmk-300x157.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/the-largest-ipos-in-history_nwmk-1024x536.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/the-largest-ipos-in-history_nwmk-768x402.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/the-largest-ipos-in-history_nwmk.png 1200w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p><a href=\"https:\/\/www.reuters.com\/world\/spacex-ipo-demand-is-approaching-four-times-oversubscribed-source-says-2026-06-09\/\" target=\"_blank\" rel=\"noopener noreferrer\">Reported demand<\/a> reached roughly $250 billion, about four times the shares available. Some institutions put in $10 billion orders on their own. Retail investors also got <strong>an unusually large slice<\/strong>: about 30% of the offering through Robinhood, Fidelity, Schwab, SoFi and E*Trade, when big IPOs typically reserve 5-10% for them.<\/p>\n<p>Which raises the question nobody in the FOMO crowd seems to care: where does $250 billion of IPO demand come from?<\/p>\n<h2 id=\"someone-has-to-sell-first\">Someone Has to Sell First<\/h2>\n<p>Nobody keeps that kind of money in cash. To fund an allocation, investors sell what they already own, usually liquid positions with gains to take. Multiply that across thousands of accounts chasing the same deal in the same week, and capital gets pulled out of everything else.<\/p>\n<p>That\u2019s the bridge between the two moods. <span>Crypto<\/span> lost over $180 billion in value the same week the order book filled up, and one research desk called it an <a href=\"https:\/\/www.tradingview.com\/news\/cointelegraph:043242183094b:0-spacex-ipo-nears-4-times-oversubscribed-squeezing-crypto-and-tech\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u201cIPO tax\u201d on the rest of the market<\/a>. I\u2019d be careful with that label, since rate-cut doubts and leveraged liquidations were doing damage too. No single deal explains a drawdown that broad. But the basic flow is hard to argue with: when the largest IPO in history closes its books, the cash comes from somewhere, and \u201csomewhere\u201d means whatever investors can sell quickly.<\/p>\n<p>The FOMO and the <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bear market<\/a> are the same trade, seen from opposite ends.<\/p>\n<h2 id=\"index-funds-become-buyers\">Index Funds Become Buyers<\/h2>\n<p>Here\u2019s what makes this IPO different from every other big listing: part of the buying isn\u2019t even voluntary.<\/p>\n<p><a href=\"https:\/\/indexes.nasdaqomx.com\/docs\/2026_May_NDX_Changes_FAQ.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nasdaq changed its index rules<\/a> this spring, clearly with SpaceX in mind. A new listing that ranks in the top 40 by <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-market-cap\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">market cap<\/a> can now join the Nasdaq-100 just 15 trading days after its debut. The old three-month waiting period is gone, and the minimum float requirement was scrapped entirely. FTSE Russell loosened its float rules too. Only S&amp;P Dow Jones refused to follow: on June 4, it <a href=\"https:\/\/www.cnbc.com\/2026\/06\/05\/spacex-blocked-from-early-us-benchmark-index-entry-as-sp-reaffirms-existing-rules.html\" target=\"_blank\" rel=\"noopener noreferrer\">rejected <\/a>its own fast-track proposal, which keeps SpaceX out of the S&amp;P 500 until at least mid-2027.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-822735\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/cash-flow-converge-on-spacex_nwmk.png\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/cash-flow-converge-on-spacex_nwmk-300x157.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/cash-flow-converge-on-spacex_nwmk-1024x536.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/cash-flow-converge-on-spacex_nwmk-768x402.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/cash-flow-converge-on-spacex_nwmk.png 1200w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p>In practice, this means that within about three weeks of listing, every fund tracking the Nasdaq-100 will buy SpaceX. Estimates put that automatic buying at $22-27 billion. And since index funds are always fully invested, they have to sell a little of everything else to make room. Nvidia, Apple, Microsoft, Amazon, and the <a href=\"https:\/\/bitcoinminingstock.io\/ai-infrastructure\/stock-data\" target=\"_blank\" rel=\"noopener noreferrer\">AI-infra names<\/a> that have made it into the Nasdaq-100 all get trimmed to fund the purchase of SPCX.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-822736\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/when-spcx-gets-added-to-indices_nwmk.png\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/when-spcx-gets-added-to-indices_nwmk-300x157.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/when-spcx-gets-added-to-indices_nwmk-1024x536.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/when-spcx-gets-added-to-indices_nwmk-768x402.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/when-spcx-gets-added-to-indices_nwmk.png 1200w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p>So if you hold QQQ or any Nasdaq-tracking fund in your retirement account, you\u2019re in this trade whether you chose it or not. S&amp;P 500 fund holders are spared for now. Their wave of forced buying got pushed to 2027.<\/p>\n<h2 id=\"then-the-insiders-arrive\">Then the Insiders Arrive<\/h2>\n<p>One more detail matters before the debut: only 3-5% of SpaceX\u2019s shares will actually trade at first. Squeeze $22-27 billion of automatic index buying, plus traders front-running it, in combination with an oversubscribed retail base into a float that small, the early price action will almost certainly look spectacular.<\/p>\n<p>But supply is coming, and on an unusually fast schedule. Instead of the standard 180-day lockup, <a href=\"https:\/\/global.morningstar.com\/en-nd\/stocks\/how-spacexs-tiered-lockup-aims-help-post-ipo-trading\" target=\"_blank\" rel=\"noopener noreferrer\">SpaceX negotiated a rolling one<\/a>. Insiders can sell up to 20% of their holdings just two days after the first earnings report, with more unlocking through the fall. Musk and a few major backers accepted a full one-year lockup, but they\u2019re the exception. The early money, investors who waited a decade for this exit, gets their first window within weeks.<\/p>\n<p>Tesla\u2019s S&amp;P 500 inclusion in December 2020 is the template. The stock ran about 70% into the inclusion date, then drifted sideways and down for weeks once the forced buying ran out and the front-runners rotated elsewhere. SpaceX is the same event with a smaller float and a faster clock.<\/p>\n<h2 id=\"why-this-matters-for-our-corner-of-the-market\">Why This Matters for Our Corner of the Market<\/h2>\n<p>So why write about a rocket company on a platform that covers miners and AI infrastructure? Because it\u2019s not a one-off and will happen again.<\/p>\n<p>Anthropic <a href=\"https:\/\/www.anthropic.com\/news\/confidential-draft-s1-sec\" target=\"_blank\" rel=\"noopener noreferrer\">filed confidentially for an IPO<\/a> on June 1. <a href=\"https:\/\/openai.com\/index\/openai-submits-confidential-s-1\/\" target=\"_blank\" rel=\"noopener noreferrer\">OpenAI followed<\/a> a week later, and its CFO has hinted at a listing as soon as Q4. If both happen, we get the three largest IPOs in history inside about six months, each one pulling tens of billions out of existing positions, each one repeating the same index mechanics and the same <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> tax.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-822737\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/3-mega-ipos-in-2026-beat-10-years-of-total-u-s--ipos_nwmk.png\" alt=\"\" width=\"1200\" height=\"628\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/3-mega-ipos-in-2026-beat-10-years-of-total-u-s--ipos_nwmk-300x157.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/3-mega-ipos-in-2026-beat-10-years-of-total-u-s--ipos_nwmk-1024x536.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/3-mega-ipos-in-2026-beat-10-years-of-total-u-s--ipos_nwmk-768x402.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/3-mega-ipos-in-2026-beat-10-years-of-total-u-s--ipos_nwmk.png 1200w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p>For the names we cover, that cuts two ways. The sector runs on outside capital. Every HPC buildout we\u2019ve analyzed this year was funded by convertible notes, equity raises, or debt, and those deals price off market conditions. A market that keeps getting drained to feed mega-IPOs is a market where financing costs more and windows close faster. On the other hand, the money exiting SpaceX after the inclusion pop has to land somewhere, and AI infrastructure is the obvious nearby trade. <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Volatility<\/a> in both directions, in other words.<\/p>\n<h2 id=\"final-thoughts\">Final Thoughts<\/h2>\n<p>After all the digging, my read is simple. This is not a story about space, and it\u2019s only partly a story about SpaceX. There\u2019s a <strong>huge amount of money being rearranged at a pace the market hasn\u2019t absorbed before<\/strong>, with two more rearrangements already lined up behind it.<\/p>\n<p>My prediction: the market stays shaky and choppier than headlines suggest through the summer, and any calm before the OpenAI and Anthropic listings should be treated as temporary. The SPCX debut itself will probably dazzle. A tiny float plus forced buying makes that nearly automatic. But the Tesla 2020 playbook rewarded patience, not buying the top.<\/p>\n<p>If you\u2019re sitting on cash and itching to get in right now, I\u2019d be cautious. The forced buying needs time to run its course, the insider supply hasn\u2019t hit yet, and better entries usually show up after events like this, not before them.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/spacex-ipo-is-4x-oversubscribed-but-what-happens-to-the-rest-of-market\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways SpaceX drew $250B in IPO demand by June 12, pulling liquidity from crypto and tech markets. Nasdaq-100 funds may buy $22B-$27B of SpaceX, forcing sales of Nvidia and other holdings. OpenAI and Anthropic IPOs could follow in 2026, extending volatility and funding pressures. The following guest [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":74025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74024"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74024"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74025"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}