Hupzy (Spot On Chain)|6ๆ 16, 2026 01:15
๐จ ๐๐ฅ๐๐๐๐๐ก๐: SpaceX (SPCX) surges +63% to $220+/share in overnight trading post-IPO, hitting a $๐ฎ.๐ต ๐๐ฟ๐ถ๐น๐น๐ถ๐ผ๐ป ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฐ๐ฎ๐ฝ โ within $100B of Microsoft. Underwriters exercised a record $๐ด๐ฑ.๐ณ๐ ๐ด๐ฟ๐ฒ๐ฒ๐ป๐๐ต๐ผ๐ฒ overallotment. Combined SpaceX + Tesla market cap now tops Apple at $4.4T.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: The post-IPO surge confirms massive institutional demand at public-market prices. A $2.9T equity creates a new capital gravity well โ competing IPOs and secondary offerings face higher scrutiny. For crypto, the scale of capital locked in SPCX could temporarily divert flows from risk-on assets, though the $85.7B fresh raise signals broad risk appetite. Watch whether momentum spills into defense/aerospace-adjacent tokens.
source: KobeissiLetter
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