SpaceX Just Became the Most Valuable Post-IPO Company Ever

SpaceX has officially become the most valuable post-IPO company in history, surpassing Saudi Aramco with a $1.77 trillion valuation following its highly anticipated public debut. The IPO raised $75 billion—more than double what Saudi Aramco pulled in—driven by $100 billion in retail investor orders and massive institutional interest, including a $5 billion bid from BlackRock. Despite pre-IPO volatility on platforms like Hyperliquid, the stock stabilized near its $135 initial price, suggesting early retail advantages have largely disappeared. Meanwhile, the broader pre-IPO market is showing signs of rotation, with OpenAI and Anthropic seeing sharp declines in valuation—possibly due to capital shifting toward SpaceX. On the crypto front, Nakamoto is selling Bitcoin to strengthen its balance sheet, while Tom Lee’s BitMine continues aggressive Ether accumulation, now holding 4.59% of the supply and deploying nearly $20 billion in the past year—matching MicroStrategy’s Bitcoin spending. Yet Ether’s price hasn’t responded, raising questions about the long-term impact of such strategies. Prediction markets like Polymarket and Kaushii are under pressure, with DraftKings dominating sports betting volume and showing little surge from the NBA Finals, despite the World Cup’s growing momentum. This suggests crypto prediction markets may be struggling to gain traction against traditional platforms, even as they mature.