We Asked 2 AIs: Is SpaceX’s IPO Bullish or Bearish for Bitcoin? (The Answer Was Dubious)
The SpaceX IPO is a "double-edged sword" for crypto, said one of the AIs.
Cointelegraph·
Elon Musk’s SpaceX completed its landmark IPO on the Nasdaq on Friday, but crypto users seeking tokenized exposure to the IPO were left empty-handed after allocations fell through.
Read full articleThe SpaceX IPO is a "double-edged sword" for crypto, said one of the AIs.
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Cathie Wood’s ARK Invest purchased roughly $444 million worth of SpaceX shares on June 12 while reducing its exposure to Advanced Micro Devices, making one of its biggest portfolio shifts as Elon Musk’s rocket company began trading on public markets.…
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The SpaceX pre-IPO scramble highlights a key tokenization risk: blockchain rails cannot solve a failed underlying share allocation.