TechFlow News: According to a CoinDesk report on April 25, SpaceX is expected to go public in June and may surpass Saudi Aramco’s $29 billion IPO in 2019 to become the largest IPO in history. Meanwhile, OpenAI and Anthropic are also planning to go public in the second half of this year. Collectively, these three companies are projected to raise over $240 billion—potentially marking a critical inflection point for liquidity in the crypto market.
Market analysts suggest these mega-IPOs could significantly drain liquidity from risk assets, including the crypto market, which shares the same funding pool. As major cryptocurrencies such as Bitcoin and Ethereum have exhibited strong correlation with Nasdaq and broader U.S. equity risk sentiment in recent years, a large-scale reallocation of capital toward tech giants’ IPOs could weaken buying support for BTC, ETH, and altcoins.
