The SpaceX IPO is Coming Soon. What Does It Mean for Crypto?
Key takeaways
- Reuben Gregg Brewer, The Motley Fool Mon, June 8, 2026 at 2:35 AM GMT+7 3 min read SPAX.PVT BTC-USD The Space X IPO is coming!
- Bitcoin (CRYPTO: BTC) is the grandaddy of all cryptocurrencies.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Reuben Gregg Brewer, The Motley Fool Mon, June 8, 2026 at 2:35 AM GMT+7 3 min read SPAX.PVT BTC-USD The Space X IPO is coming! Everyone on Wall Street is excited, and for good reason, given the massive size of the deal, which is expected to raise $75 billion. There s an interesting twist here, however, because Space X is likely to appeal to more aggressive investors. The very same type of investor that buys cryptocurrency. Don t get too worried, even if there s some short-term disruption in the crypto space.
Bitcoin (CRYPTO: BTC) is the grandaddy of all cryptocurrencies. It is down nearly 40% over the past year and off nearly 50% from its 2025 high, which was also its all-time high. This drawdown isn t actually unusual, as Bitcoin has lost more than 60% three times, with its worst decline exceeding 80%. That said, technically speaking, the absolute worst-case scenario is that all cryptocurrencies fall to zero. After all, the only thing supporting the price of a cryptocurrency is the willingness of people to buy and hold it.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »