Musk’s Galactic Wallet: SpaceX Dwarfs Bitcoin, Leaves Crypto in Dust

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Ah, the cosmos of capital, where stars are born and fortunes collide! Behold, the aerospace leviathan, SpaceX, now stretches its shadow twice as long as Bitcoin’s glow, according to the whispers of the market. A spectacle, no?

SpaceX (SPCX), that enfant terrible of the skies, has unfurled its sails in the largest Initial Public Offering (IPO) the world has ever witnessed. A carnival of greed, one might say.

The Carnival of Greed

With 555.6 million shares cast into the winds of Wall Street, SpaceX reaped a staggering $75 billion, valuing itself at a modest $1.78 trillion. A trifle, really, in the grand ballet of numbers.

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The masses, ever ravenous, threw themselves at the feast, oversubscribing the IPO fourfold, with retail orders swelling beyond $100 billion. A mad dash, as if the last rocket to Mars were boarding.

Underwriters, those cunning brokers of desire, secured a “green shoe” option-83 million shares, a mere $11.2 billion-to satiate the unquenchable thirst of the market.

A Fortune Fit for the Gods

Elon Musk, that modern Prometheus, now sits atop a mountain of gold, his net worth soaring to $1.1 trillion. A sum so vast, it makes the GDP of small nations blush. Tesla, Neuralink, the Boring Company, and now SpaceX-his empire stretches from the earth to the stars, and beyond.

Economists, those somber priests of the ledger, note that Musk’s wealth now rivals 3% of the U.S. GDP. A concentration of power not seen since the days of John D. Rockefeller, when oil was king and the world knelt at his feet.

The Titan of Valuations

SpaceX, with its $2.2 trillion market cap, has ascended to the 9th throne among global assets, leaving Bitcoin-that digital darling-in the dust at a mere $1.3 trillion. A store of value, they called it. How quaint.

Bitcoin, once the enfant terrible of finance, now finds itself relegated to 15th place. A fallen star, perhaps, but SpaceX holds its fate in its corporate coffers, for it remains one of the largest Bitcoin holders in the world. Irony, thy name is capitalism.

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2026-06-12 22:21