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4 Jun 2026, 21:57
SpaceX IPO draws record Wall Street fanfare, but valuation math gives analysts pause

SpaceX is set to launch the largest IPO in U.S. history as early as June 12 at a valuation near $1.75 trillion. With more than 555 million Class A shares set to be listed at $135 each, with the aim of raising roughly $75 billion, there’s not a shortage of opinions on whether investors should jump on the Musk-led train. How can SpaceX be worth $1.75 trillion when it is losing billions? SpaceX will list 555 million of its class A shares on the Nasdaq under the ticker SPCX. It will be the largest initial public offering in U.S. history, with shares expected to begin trading as early as June 12 at a price of $135 each. The company has a target valuation of nearly $1.75 trillion and is aiming to raise roughly $75 billion. Bank of America, Morgan Stanley, and JPMorgan are all hosting exclusive events this week to pitch SpaceX to their wealthiest clients. Bank of America plans to light its Manhattan headquarters spire to resemble a rocket launch. More than 5,000 clients across BofA’s private bank and Merrill Lynch have been invited to launch parties, with events streamed to offices nationwide. Despite the excitement and hype, a look at the company’s finances reveals that Starlink and reusable rockets like the Falcon 9, the combined company, which now includes the social media platform X and the AI firm xAI, are losing a tremendous amount of money. In the first quarter of 2026, SpaceX posted an operating loss of $1.9 billion. The decline is largely driven by xAI, which lost $2.5 billion in that same quarter alone. While Starlink is profitable, bringing in $4.4 billion in operating income, its efforts are being offset by the massive costs of building AI technology. Meanwhile, SpaceX generated $19.3 billion in revenue over the last four quarters. At the IPO price, SpaceX would trade at roughly 103 times its sales over the last four quarters, which is about 40% more expensive than Palantir, currently the priciest stock in the S&P 500. Morningstar analyst Nicolas Owens estimates that the company is actually worth about half that amount, closer to $780 billion. He also thinks that investors will get a better chance to buy the stock later at a lower price. A Motley Fool review of more than 100 popular technology stocks found only eight that ever traded above 100 times sales. All of them dropped sharply afterward, with an average peak-to-trough decline of 75%. The 10 largest U.S. IPOs by initial market value have underperformed the S&P 500 by an average of 127 percentage points since listing. Why is Wall Street not worried about SpaceX? Despite its numbers, SpaceX’s Falcon 9 became the first commercially reusable orbital rocket in 2018. The company’s S-1 filing with the SEC also says its next-generation Starship could reduce the cost of reaching orbit by 99%. SpaceX values its total addressable market at $28.5 trillion, spanning satellite internet, launch services, and long-term ambitions like orbital data centers. ARK Invest, which holds SpaceX in its venture ETF, has argued that Starlink alone could support a $2 trillion valuation at IPO. JPMorgan strategists led by Nikolaos Panigirtzoglou pushed back on fears that mega-IPOs will drain liquidity from existing stocks. What is the true value of SpaceX? Elon Musk’s firms often do business together, an interaction that goes beyond exchanging cash for products and services. Even investors apply the goodwill of one firm to another. Tesla disclosed a $2 billion investment in xAI in January after the SpaceX-xAI merger, and Cryptopolitan previously reported that SpaceX’s prospectus shows the company plans to spend $697 million on Tesla Megapack batteries for xAI data centers and $131 million on Tesla Cybertrucks. SpaceX’s revenue grew 15% year over year. Its merger with xAI valued the firm at $1 trillion and xAI at $250 billion. The company generated $818 million in revenue. Anthropic recently closed a $65 billion funding round at a $965 billion valuation and reported run-rate revenue of $47 billion. The company said it expects to post its first quarterly operating profit of $559 million on $10.9 billion in Q2 revenue. On a price-to-sales basis, Anthropic trades at about 20 times run-rate revenue, a fraction of what xAI commands inside SpaceX’s structure. The smartest crypto minds already read our newsletter. Want in? Join them .
4 Jun 2026, 21:55
Bitcoin posts $1.9 billion realized loss as price falls to $63,600

🚨 $BTC investors recorded $1.9 billion in realized losses as prices dropped to $63,600. 📉 Short-term holders moved 53,800 BTC to exchanges during a rapid sell-off. 🕒 Market stress is high, but there are no signals yet of an immediate bounce. Continue Reading: Bitcoin posts $1.9 billion realized loss as price falls to $63,600 The post Bitcoin posts $1.9 billion realized loss as price falls to $63,600 appeared first on COINTURK NEWS .
4 Jun 2026, 21:50
BoJ Signals Rate Hike: Why the Japanese Yen May Finally Find Support

BitcoinWorld BoJ Signals Rate Hike: Why the Japanese Yen May Finally Find Support The Bank of Japan (BoJ) has sent its clearest signal yet that a long-awaited interest rate hike is on the horizon, a move that could finally provide sustained support for the beleaguered Japanese Yen. After years of ultra-loose monetary policy that has driven the currency to multi-decade lows against the US dollar, the central bank’s recent hawkish shift in language is being interpreted by analysts as a decisive pivot. What the BoJ Said and Why It Matters In its latest policy statement, the BoJ indicated it is moving away from its negative interest rate policy, citing more confidence in achieving its 2% inflation target on a sustainable basis. Governor Kazuo Ueda emphasized that the conditions for normalization are falling into place, a significant departure from the dovish stance maintained under his predecessor. This shift is not merely rhetorical; it reflects underlying economic data showing rising wages and core inflation consistently above the target. For the Japanese Yen, which has lost significant value against the dollar since 2021, this policy change represents a potential turning point. A rate hike would narrow the interest rate differential between Japan and the US, making Yen-denominated assets more attractive to global investors. The immediate market reaction has been a sharp appreciation of the Yen, breaking key resistance levels against the greenback. Timeline and Market Implications Market participants now widely expect the BoJ to implement a rate hike as early as its next meeting, with some analysts predicting a move from -0.1% to 0.0% or even 0.1%. This would mark Japan’s first rate increase in 17 years. The implications extend beyond forex markets: higher Japanese bond yields could trigger a global repricing of fixed-income assets, particularly affecting US Treasuries, which have been heavily bought by Japanese institutional investors seeking yield. The timing of this shift is critical. The Federal Reserve is also signaling potential rate cuts later this year, which would further compress the US-Japan rate differential. If both central banks move in opposite directions—the BoJ hiking while the Fed cuts—the Yen could see a sustained rally. However, the BoJ must balance its normalization with the risk of derailing Japan’s fragile economic recovery. Why This Story Matters to Investors For currency traders and international investors, the BoJ’s pivot is one of the most significant macro events of the year. The Yen’s weakness has been a major driver of global capital flows, influencing everything from Japanese stock market performance to the cost of imports worldwide. A stronger Yen would impact Japanese exporters like Toyota and Sony, reduce imported inflation for Japanese consumers, and potentially shift carry trade dynamics that have favored selling Yen to buy higher-yielding currencies. Beyond finance, the BoJ’s decision carries symbolic weight. It signals the end of an unprecedented era of experimental monetary policy, including negative rates and yield curve control. The success or failure of this exit will be closely watched by other central banks that have adopted similar unconventional tools. Conclusion The Bank of Japan’s hawkish signal represents a watershed moment for the Japanese Yen and global financial markets. While the exact timing and magnitude of the rate hike remain uncertain, the direction is clear. For the Yen, this may be the beginning of a long-awaited recovery. Investors and policymakers alike will be watching the BoJ’s next move with intense scrutiny, as the implications will resonate across asset classes and borders. FAQs Q1: When is the Bank of Japan expected to raise interest rates? The BoJ is widely expected to raise rates at its upcoming policy meeting, potentially as early as the next scheduled decision. Analysts predict a move from -0.1% to 0.0% or 0.1%, marking Japan’s first rate hike in 17 years. Q2: How would a BoJ rate hike affect the Japanese Yen? A rate hike would narrow the interest rate differential between Japan and the US, making Yen-denominated assets more attractive. This typically leads to Yen appreciation against the US dollar and other major currencies. Q3: What are the risks of the BoJ normalizing policy? The main risks include derailing Japan’s economic recovery, increasing borrowing costs for the government (which has massive debt), and triggering volatility in global bond markets. The BoJ must proceed cautiously to avoid financial instability. This post BoJ Signals Rate Hike: Why the Japanese Yen May Finally Find Support first appeared on BitcoinWorld .
4 Jun 2026, 21:45
Defense Tech, AI, and Fundraising Take Center Stage at StrictlyVC Los Angeles on June 18

BitcoinWorld Defense Tech, AI, and Fundraising Take Center Stage at StrictlyVC Los Angeles on June 18 With just two weeks to go, StrictlyVC Los Angeles is set to take place on Thursday, June 18, at The Aerospace Corporation Campus in El Segundo. The evening will bring together investors, founders, and technology leaders for conversations focused on the most consequential shifts in venture capital, defense technology, artificial intelligence, and advanced industry. What to expect at StrictlyVC Los Angeles The event is designed for executives navigating a rapidly changing technology landscape. StrictlyVC offers direct access to the people building, funding, and shaping the next generation of companies. The conversations are candid, the audience is highly curated, and the insights extend beyond headlines, podcasts, or social media feeds. Who is taking the stage The evening begins with Ethan Thornton, founder of Mach Industries. In his session, “Built for a New Era of Defense Technology,” Thornton will share his perspective on building a hard tech company at speed and how advances in autonomy, manufacturing, and national security are transforming the defense sector. His story reflects a broader movement of founders tackling ambitious challenges in industries undergoing rapid change. Physical AI and venture investing The conversation continues with Delian Asparouhov of Founders Fund and Saif Khawaja of Shinkei Systems. Together, they will discuss the rise of physical AI and how developments in robotics, automation, and artificial intelligence are creating new opportunities to transform the physical world. Their discussion will offer insight into what it takes to build and scale breakthrough technologies beyond software alone. Also joining the lineup is Carter Reum, co-founder and partner at M13. In his session, “Finding the Next Big Thing,” Reum will explore how AI is reshaping industries and how investors are moving beyond short-term hype to identify companies built for long-term durability. He will share his perspective on where innovation is creating the most meaningful opportunities and how venture investing is evolving as new categories emerge. Networking and beyond Beyond the conversations on stage, StrictlyVC Los Angeles is designed to bring together the people driving innovation across technology and venture capital. Throughout the evening, attendees will have opportunities to connect with founders, investors, and operators in an environment that encourages meaningful discussion and the exchange of ideas. Whether you are looking to expand your network, gain new perspectives, or discover emerging opportunities, the value of the event extends well beyond the scheduled sessions. Why this event matters As defense technology and AI continue to attract significant venture capital, events like StrictlyVC provide a rare opportunity for direct engagement with key decision-makers. The curated format ensures that attendees walk away with actionable insights and new connections, making it a valuable investment of time for anyone serious about the future of technology and investing. Conclusion StrictlyVC Los Angeles on June 18 offers a focused look at the intersection of defense tech, AI, and venture capital. With a lineup featuring founders and investors from Mach Industries, Founders Fund, Shinkei Systems, and M13, the event promises candid conversations and high-impact networking. Registration is open, and additional speakers are expected to be announced soon. FAQs Q1: When and where is StrictlyVC Los Angeles taking place? It takes place on Thursday, June 18, at The Aerospace Corporation Campus in El Segundo, California. Q2: Who are the confirmed speakers? Confirmed speakers include Ethan Thornton (Mach Industries), Delian Asparouhov (Founders Fund), Saif Khawaja (Shinkei Systems), and Carter Reum (M13). Q3: How can I attend the event? Interested attendees can secure their spot through the official StrictlyVC registration page. The event is designed for investors, founders, and technology executives. This post Defense Tech, AI, and Fundraising Take Center Stage at StrictlyVC Los Angeles on June 18 first appeared on BitcoinWorld .
4 Jun 2026, 21:43
Reform UK smashes donation records with £9.3 million in three months! What’s fueling this crypto-powered surge?

🚨 Reform UK leads the donation race with £9.3 million in early 2026. 🪙 Major contributions came from two crypto giants behind $USDT and BitMEX. 👀 Investigations intensify around Farage and large crypto-linked gifts. Continue Reading: Reform UK smashes donation records with £9.3 million in three months! What’s fueling this crypto-powered surge? The post Reform UK smashes donation records with £9.3 million in three months! What’s fueling this crypto-powered surge? appeared first on COINTURK NEWS .
4 Jun 2026, 21:30
The Bitcoin Roadmap To $500,000: Analyst Shows How Price Will Get There

An analyst has mapped out a detailed chart analysis showing how Bitcoin (BTC), the world’s largest cryptocurrency could eventually rally to a $500,000 all-time high . The analyst has expressed strong confidence in this ambitious price target, emphasizing that the forecast is not driven by speculation or unfounded hope, but by real technical structures and price patterns. Bitcoin Projected Roadmap Points To $500,000 Bull Target Market expert Crypto Tice strongly believes that Bitcoin could reach as high as $500,000, nearly quadruple its current all-time high of over $126,000 . The analyst stated on X that he has mapped out a detailed roadmap showing how BTC could achieve this ambitious bull target. Crypto Tice highlighted a long-term ascending channel on his BTC chart , marking distinct phases where the price surged and other areas where it pulled back. He noted that Bitcoin has already gone through three phases in its previous cycle. The area marked as 1 to 2 on the chart highlights the first phase of BTC’s roadmap . Crypto Tice noted that Bitcoin had rallied sharply, eventually touching the mid-upper boundary of the channel during that stage. This was followed by an even stronger bounce, which the analyst labeled a “Mid-range rally.” After this surge, the cryptocurrency faced a major rejection, falling back to the lower boundary of the ascending channel. According to Crypto Tice, Bitcoin’s current price action is mirroring the same historical pattern. He explained that the cryptocurrency has already completed phase one, called the “First touch” of the mid-boundary line. It is now entering phase two, which could potentially trigger its strongest rally yet . The analyst predicts that this second phase could push BTC toward $500,000, representing a more than 693% increase from its current price above $63,000. Following this surge, Bitcoin may enter the third phase, a final pullback to the lower boundary of the ascending channel, marking the completion of Crypto Tice’s projected roadmap. BTC Records Massive Price Crash Bitcoin has plunged back into the $60,000 range as persistent selling pressure and weak market sentiment continue to weigh on its price action. Market analyst Ash Crypto noted that the leading cryptocurrency has fallen by a steep 17% over the past three days, shedding roughly $12,800 in value. As a result, Bitcoin dropped from around $74,000 to $61,300, wiping out approximately $250 billion from its market capitalization. The bearish pressure has also spread across the broader crypto market, with blue-chip assets such as Ethereum suffering significant losses . Ash Crypto highlighted that ETH has declined by about 14% during the same period, falling to a 13-month low of $1,715 for the first time since April 2025. Despite the sharp downturn in cryptocurrencies, U.S. equities have continued to trade near their highs, creating an unusual divergence between the two markets. According to the analyst, there is no clear driver behind the latest sell-off. He suggested that the unusual price action could point to market manipulation or to the crypto market front-running the stock market crash.






































