SpaceX’s market value approaches $2.6 trillion—nearly double Bitcoin’s—crushing crypto market risk appetite

TechFlow News, June 17: According to CoinDesk, SpaceX’s valuation has surged past $2.5 trillion (approximately $2.6 trillion) following its IPO, rising over 40% since its listing on June 12—making it the world’s sixth-largest company and nearing twice Bitcoin’s market capitalization, sparking market attention toward “reallocation of venture capital.”

Analysts note that part of this rally stems from supply-side structural factors, as SpaceX evolves from a pure aerospace firm into an “AI + technology conglomerate.” This “AI innovation + high-growth narrative” is now competing with the crypto market for the same risk-capital funding flows.

However, SpaceX’s valuation risks are also rising: the company currently reports a loss of approximately $494 million against revenue of roughly $18.67 billion, implying a valuation exceeding 130x revenue—a level some analysts describe as “meme-like.”