Bitcoin climbs as SpaceX’s big debut nears

A historic moment in finance is about to unfold as SpaceX’s stock prepares for its first day of trading. The company’s initial public offering set a record with $75 billion raised, pushing its total value to nearly $1. 75 trillion. This massive valuation puts its founder in a position to join an exclusive group—those worth over a trillion dollars. But the real excitement isn’t just about the numbers. The IPO drew overwhelming demand, with retail investors alone placing orders worth more than $100 billion. That kind of participation shows just how much people are betting on SpaceX’s future. Meanwhile, the stock market’s reaction could influence other risky assets. If SpaceX’s first trade is strong, it might signal a shift toward more confident investing. If it stumbles, the ripple effect could be felt across the board.Cryptocurrencies took notice too. Bitcoin climbed back above $63, 000 after a recent dip, regaining lost ground. Other digital coins like Solana, XRP, and even Dogecoin saw gains, though not as dramatically. Dogecoin’s rise was modest at 2. 3%, matching the broader market’s movement. It’s no surprise—Dogecoin has a habit of reacting to Elon Musk’s companies, and SpaceX’s IPO was its biggest moment yet. The big question now is how SpaceX’s stock performs on day one. A strong opening could reinforce the idea that investors are ready to take bigger risks. A weak start might force some to rethink their strategies. Either way, this isn’t just about SpaceX—it’s a test for the market’s mood.