SpaceX Shares Dip 3% After IPO Surge While Revealing 18,712 BTC Holdings
SpaceX stock retreated 3% on June 18 after surging 19% from its $135 IPO price, with valuation briefly exceeding $2 trillion. Bitcoin rebounded from $61,800 lows to $67,170 by June 15 amid resumed ETF inflows as the company confirmed its untouched 18,712 BTC treasury. Initial capital rotation fears from the record $75 billion IPO gave way to optimism after SpaceX joined Bitcoin's top corporate holders, with Standard Chartered reiterating its $100,000 year-end target and announcing a follow-on $20 billion bond deal.