SpaceX is planning to launch an IPO at $135 per share, aiming to raise $75 billion, potentially becoming the largest IPO in history.
June 3 (Reuters) — SpaceX is targeting an IPO price of $135 per share for its upcoming public offering, according to reports, with plans to issue roughly 5.556 billion shares. This would generate up to $750 billion in financing, valuing the company at approximately $1.75 trillion — a deal that would rank among the largest IPOs in global capital market history if it proceeds successfully.
SpaceX’s roadshow kicks off this Thursday, a notable departure from typical IPO practice. Most public offerings first announce a price range before finalizing a share price, but SpaceX is setting a fixed target upfront — an unusual move that has already made this roadshow one of the most anticipated in recent years.
Key context: SpaceX previously merged with xAI to form a comprehensive business spanning aerospace, satellite communications, and artificial intelligence. Proceeds from the IPO will primarily go toward expanding AI computing infrastructure and scaling its Starlink satellite network.
Addi
2 minutes ago
Binance will list the USDT/AED spot trading pair
An official Binance announcement dated June 3 states that the USDT/AED spot trading pair will launch officially on June 4 at 16:00 (UTC+8), and the accompanying spot algorithmic trading bot service for this pair will also be available simultaneously. For clarity, AED is the currency code for the United Arab Emirates dirham, the official currency of the United Arab Emirates.
2 minutes ago
「Largest Liquidation on the Entire Network」: BTC Long Position Worth $61.9 Million Gets Liquidated, Accounting for Nearly 10% of the Total BTC Liquidations
June 3 — Per Hyperinsight Monitoring, in the past 24 hours, total Bitcoin (BTC) liquidations across the network reached $729 million, with long-position liquidations accounting for around $681 million. Approximately 9.1% of these long liquidations came from the same whale on the Hyperliquid exchange, which is also the largest liquidating address across the entire network.
During the initial BTC decline last night, this whale’s BTC long positions were liquidated twice in succession, totaling 508.2 BTC (valued at ~$34.4 million) and resulting in an estimated loss of $2.75 million.
Subsequently, using its remaining funds, the whale repositioned as BTC rebounded to $68,000. However, when BTC dropped again below $67,000, the long position was liquidated in four separate rounds, totaling 411.2 BTC (valued at ~$27.5 million). Combined, the two liquidation rounds hit $61.9 million, with a total loss of approximately $3.14 million.
Liquidation Address: 0x92b75a5bfb7be7911747276ad335b8f5da3ce
2 minutes ago
Renowned ETH Bull James Fickel Makes Another Major Replenishment After Six Months, Sending 10,000 ETH to Coinbase Wallet
On June 3, renowned Ethereum long-term bull and crypto investor James Fickel transferred 10,000 ETH from a Coinbase custody address to a trading-recharge address, per on-chain analyst @ai_9684xtpa. The transfer is valued at roughly $18.62 million based on current ETH prices, indicating it will likely be used for subsequent trading activity. This marks Fickel’s first multi-million-dollar on-chain funding operation in six months, sparking market attention to his upcoming trading strategy. On-chain data further shows he still holds 38,936.13 ETH, totaling approximately $72.43 million at current rates, meaning he maintains a substantial overall Ethereum position.
2 minutes ago
Bitcoin Returns to Rebound Rally Starting Point, Funding Rate Reflects Investors' Attempt to Buy the Dip
On June 3, data from Cinglass shows Bitcoin has fully ended its two-month rebound, falling back below the $67,000 mark as of this morning. Still, market investors are attempting to buy the dip.
From spot market data: as of press time, the net inflow of Bitcoin spot funds across all networks over the past eight hours stands at $30.3477 million.
In the futures market, Bitcoin futures funds saw a net outflow of $2.595 billion across all networks over the past 24 hours. However, the sentiment indicated by funding rates isn’t nearly as bearish as it was two months ago. Right now, all major platforms are reporting positive funding rates for both Bitcoin and Ethereum futures. For altcoins, funding rates signal the market isn’t bullish, but cases of negative funding rates have eased significantly compared to two months prior.
2 minutes ago
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