Bitcoin Rises as SpaceX Prices Record IPO at $135
Bitcoin sees a 1.6% increase to around $63,550 amid broader market gains linked to SpaceX's IPO, according to CoinDesk. Dogecoin, while rising 2.3%, remains stable and reflects the overall market trend, highlighting its historical ties to SpaceX and Elon Musk.
Bitcoin trades around $63,550, reflecting a 1.6% increase as crypto markets respond positively to SpaceX's recent initial public offering (IPO). SpaceX priced its IPO at $135 per share, marking it as the largest in history and valuing the company close to $1.75 trillion. Demand for the offering surpassed $250 billion, with over $100 billion from retail investors.
Alongside Bitcoin's uptick, Solana saw a 3% increase, while XRP and Dogecoin both rose 2.3%. Hyperliquid experienced a substantial bounce, increasing 7.6% on the day. Dogecoin, often influenced by news related to Musk and SpaceX, struggled to stand out in this scenario despite the significance of the IPO.
Market analysts are awaiting the debut of SpaceX's stock under the ticker SPCX. A strong performance on the first trading day could reinforce positive market sentiment, while a disappointing start may create caution among investors. The reaction of the broader crypto market to these dynamics will be crucial to monitor in the coming days.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jun 12, 2026. SolanaWire does not republish source content.
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