Sky-High I.P.O. Pricing Isn’t Great for Real People
When newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.
Crypto Briefing·
SpaceX's potential $1.75T IPO valuation underscores its strategic role in infrastructure, impacting communications and defense sectors globally. The post SpaceX eyes $1.7T IPO valuation, boosting market cap expectations appeared first on Crypto Briefing.
Read full articleWhen newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.
XCENA raised $135M in Series B funding to scale its CXL-based computational memory solutions for AI infrastructure, reaching a $570M valuation.
Bitcoin’s market cap has dropped below $1.5 trillion, pushing it out of the world’s top 10 assets amid AI stock and precious metal rallies.
Bitcoin’s market cap stood at roughly $1.5 trillion as the sell-off unfolded, with daily trading volume climbing past $32 billion — a sign that traders were moving fast in response to a rapidly shifting news cycle. Related Reading: ‘All Of DeFi Unsafe,’ Developer Warns As AI Agents Reshape Security Threats A Fabricated Deal Sets Off […]
The post Grayscale IPO delayed as crypto firms reassess public market plans appeared on BitcoinEthereumNews.com. Asset management giant Grayscale is the latest crypto firm to delay its plans to go public due to market conditions, according to a person with knowledge of the matter. The Stamford-based investment firm has paused its IPO preparations, and is unlikely to restart the process until the fourth quarter at the earliest, the person said, who spoke on condition of anonymity as the matter is private. DCG subsidiary Grayscale, one of the world’s largest crypto asset managers and the firm behind the Bitcoin Trust ETF (GBTC), filed confidentially for a U.S. IPO in November last year. “Due to the SEC-mandated quiet period, we are unable to comment at this time,” a Grayscale spokesperson said in emailed comments. Grayscale is a leading digital asset investment platform that provides investors with secure and regulated exposure to the cryptocurrency market. Through its suite of single-as
The post SpaceX pre-IPO bet crashes 45% while HYPE holds near highs appeared on BitcoinEthereumNews.com. SpaceX-linked pre-IPO perpetuals on Hyperliquid came under pressure after the SPACEX-USDH contract crashed by about 45% in 30 minutes. Summary SpaceX-USDH plunged 45% in 30 minutes, helping trigger liquidations that wiped out $25.27 million in positions over the past 24 hours. HYPE rose near $62 after the crash, showing demand stayed firm despite new oracle concerns. The selloff exposed thin liquidity gaps in pre-IPO perps as traders chased synthetic SpaceX exposure. The move erased about $1.5 million in liquidations and raised fresh questions about thin markets, oracle feeds, and leveraged access to private-company exposure. The move did not cause a direct selloff in Hyperliquid’s native token. HYPE (HYPE) traded near $62 on May 29, with crypto.news data showing an 8% gain over 24 hours. The rebound kept the token close to its recent record high, even as traders reviewed the risk
Hyperliquid’s SpaceX perp fell 45%, liquidating $1.5M, while HYPE rose 8% near $62 as traders weighed oracle risks.
The risks of trading pre-IPO markets were highlighted in the most recent SpaceX flash crash.