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Blockworks' crypto podcast covering digital-asset markets, investing, founders, protocols, and industry structure.
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SpaceX’s $1.75T IPO, Strategy Sells Bitcoin & Crypto’s Hard Reset
Jason YanowitzSantiago Roel SantosRobRyan Zurrer
SpaceX’s expected June 12 IPO values 12 business lines at roughly $1.75T–$1.77T; Ryan Zurrer models $1.2T of 2035 revenue and a $185 price.Profitability since 2018 and nearly $50B in revenue, plus new contracts, challenge 100x-revenue critique.Elon’s 42% stake and roughly 30% locked for 366 days could delay price discovery until 2027, while antitrust pressure and Chinese competition remain risks.