Crypto Trader Compares SpaceX’s IPO With Tesla’s 2010 Performance
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A crypto trader on X compared SpaceX’s record $1.77 trillion IPO debut to Tesla’s 2010 pattern, noting a 41% first-day pump followed by 30–70% drawdowns and sparking debate on June 16, 2026. The takeaway for crypto is heightened speculative risk and potential short-term volatility for Elon-linked assets, token launches and fundraising rather than a clear bullish catalyst for adoption or markets.
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- A crypto trader says Elon Musk will repeat Tesla’s 2010 behavior with SpaceX.
- SpaceX’s IPO became the largest public debut in history after a $1.77 trillion valuation.
- Tesla pumped 41% on the first day before facing multiple 30-70% drawdowns.
A crypto trader’s controversial post on X projecting a potential trend for SpaceX (SPCX) has triggered a debate. The trader compared SPCX’s IPO surge to Tesla’s (TSLA) historical behavior, suggesting a repeat of the same trend pattern.
ELON MUSK PULLED THIS SAME MOVE 16 YEARS AGO
— bee
Look at this closely:
Tesla IPO (2010) – pumped hard, then dropped 70% over the next few months
Most people only remember what happened years later
SpaceX IPO (2026) – just ran the exact same opening move
Elon has done this once… https://t.co/IaNC8H4Y6L pic.twitter.com/cU2zMxJFmV(@0xbeehive) June 16, 2026
The Largest Public IPO Debut i…
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