SpaceX’s IPO and Bitcoin Surprises

SpaceX has officially filed for an initial public offering (IPO), targeting a record‑breaking valuation of $1.75 trillion. The rocket company will list on the Nasdaq under the ticker SPCX, with a roadshow kicking off on June 4 and an official debut slated for June 12.

Bitcoin Holdings Pay Off

SpaceX disclosed it owns 18,712 Bitcoins, valued at approximately $1.45 billion today. The company purchased the coins for roughly $661 million, yielding a profit of over 100 percent on its crypto assets.

Revenue Growth & Strategic Partnerships

• 2025 revenue: $18.5 billion
• Starlink (satellite internet) contributed nearly half of this figure.
• Long‑term contract with Anthropic: $1.25 billion per month for compute services through 2029, adding a steady revenue stream.

Nvidia’s Stellar Earnings

Nvidia reported its largest earnings quarter ever:

• Revenue: $81.6 billion (↑ 85 % YoY)
• Forecast for Q3: $91 billion, surpassing analyst expectations.
• Announced a massive share‑buyback program and raised its dividend to $0.25 per share.

Crypto Market Snapshot

• Bitcoin: ~$77,000
• HYPE token: surged 15 % to $57.40, driven by strong trading‑platform revenue and automated buybacks that reward holders.
• Other gains: ZEC, LIT, MNT.

Ethereum’s Next‑Gen Upgrades

Vitalik Buterin announced upcoming upgrades focused on privacy and quantum resistance, slated for a hard fork in late 2026. The update will bundle multiple security improvements into a single release.

Market‑Wide Impact

• Nvidia’s earnings buoyed tech stocks.
• Walmart issued a cautious outlook, dragging down futures.
• Oil and gold prices remained largely flat.
• Several crypto ETFs experienced net outflows, while the HYPE ETF attracted record inflows.