Elon Musk’s SpaceX filed for an initial public offering on Wednesday. The filing shows a $1 trillion pay package tied to founding a Mars colony, a surprise $45 billion compute deal with rival Anthropic, and the bundled inclusion of X and xAI in the listed entity.

Here are 10 surprising facts that you might have missed from the SpaceX IPO filing. 

SPCX Lands on Two Stock Exchanges at Once

The company will trade as “SPCX” on Nasdaq and Nasdaq Texas. 

SpaceX reported $18.67 billion in 2025 revenue against a $2.59 billion operating loss. Total debt stands at $29.1 billion.

This isn’t a SpaceX IPO, It’s a SpaceX + X (Twitter) + xAI + Grok IPO 

Crucially, investors buying SPCX will not own a pure rocket company. SpaceX absorbed xAI in February 2026, and xAI had already swallowed X (formerly Twitter) in March 2025. 

The merged business now spans rockets, Starlink satellites, the Grok chatbot, and the X social platform.

A Trillion-Dollar Bet on Martian Colonists

Musk’s compensation has drawn immediate attention. 

The board granted him 1 billion restricted shares in January, vesting only if SpaceX hits a $7.5 trillion market cap and establishes “a permanent human colony on Mars with at least one million inhabitants.” 

A second 302-million-share tranche vests on building space-based data centres delivering 100 terawatts of compute. The company’s own auditors currently rate both milestones “improbable.”

Minimum Wage for the World’s Richest CEO

According to the filing, Musk’s base salary is just $54,080. This is California’s minimum legal pay for exempt employees. It has not changed since 2019.

Grok’s Biggest Rival Is Footing the Bill

Anthropic, a direct competitor to Grok, agreed in May to pay SpaceX $1.25 billion per month through 2029 for access to the COLOSSUS supercomputer in Memphis. 

The deal totals roughly $45 billion.

No Insurance on the Satellites, or the CEO

The filing also discloses several risks. SpaceX does not insure its 9,600 orbiting satellites and holds no life insurance policy on Musk. 

Foreign governments have publicly discussed using anti-satellite weapons against the Starlink network, the document notes.

Three in Four Satellites in Orbit Belong to Elon Musk

Starlink now accounts for around 75% of all active manoeuvrable satellites in orbit, serving 10.3 million subscribers across 164 countries. 

The constellation performed more than 1,000 collision-avoidance manoeuvres per day in 2025.

Asteroid Mines, Moon Railguns, and a Star-Sized Goal

Looking further ahead, SpaceX plans to deploy data centres in orbit from 2028, mine asteroids, and build an electromagnetic “lunar mass driver” on the Moon. 

The filing states the long-term aim is reaching “Kardashev Type II” status — a civilisation harnessing the full energy of its star.

Musk Still Holds the Keys

After the offering, Musk will retain 85.1% of the voting power. Musk’s official SEC-disclosed title at Tesla is listed as “Technoking.”

What about Clean Energy?

SpaceX’s data centers run on natural gas and gas turbines, an awkward disclosure for the brand built on clean energy.

The post 10 Surprising Facts About Elon Musk’s $1 Trillion SpaceX IPO appeared first on BeInCrypto.

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Ethereum News: Syndicate Labs is shutting down after five years of operations, becoming the most prominent casualty yet of the Ethereum Layer 2 consolidation wave that has steadily stripped liquidity, users, and economic viability from smaller chains.

The company posted its wind-down announcement on X on May 21, stating plainly that the “rollup market has fundamentally shifted”, and the data backs that conclusion without any hedging required.

Arbitrum One, Base, and OP Mainnet now control roughly 75% of the layer-2 market. Total value secured across the rollup ecosystem has dropped 36% from its October peak of more than $50 billion.

That is the environment in which smaller chains are trying to survive, and most cannot.

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Ethereum News: ETH Layer 2 Economics: Why the App-Chain Thesis Stopped Working

The mechanism here is worth understanding precisely. Syndicate Labs was not building a general-purpose L2 to compete with Arbitrum head-on.

The company, backed by a $20 million Series A led by Andreessen Horowitz in 2021, built customizable rollup infrastructure, the kind that was supposed to power thousands of application-specific app-chains for DAOs, social communities, and investment clubs. The thesis was that demand for sovereign, programmable chains would be durable.

It was not. Syndicate’s shutdown statement identified the core structural problem: custom chains are increasingly being assembled by consulting teams as bespoke, one-off builds rather than using reusable infrastructure platforms.

When each deployment is engineered from scratch with almost no shared technology or network value, a platform like Syndicate’s smart sequencer becomes economically redundant. The market moved toward customization-as-consulting and away from customization-as-platform.

The numbers confirm the trend is broad, not isolated. 21Shares research published in December showed layer-2 activity had fallen 61% since June, with the asset manager describing several smaller networks as “zombie chains”, technically live but operating with negligible transaction volume.

L2Beat data puts total rollup ecosystem TVS at roughly $32 billion today, down from the $50 billion peak. The top five rollups now capture close to 90% of all L2 liquidity. That is not a competitive market – it is a consolidation already in its final stages.

Syndicate’s SYND token reflects the damage with brutal precision. SYND fell another 21% within hours of the shutdown announcement on Thursday, hitting a record low near $0.012. The token has now lost approximately 99.5% of its value since its September 2025 peak of $2.61.

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Reports of a near-final US-Iran draft brokered by Pakistan added roughly $500 billion to US equities on May 21. WTI crude oil slid to $96.23, while Bitcoin (BTC) edged higher on ceasefire optimism.

Al Arabiya reported that the leaked draft includes an immediate ceasefire and freedom of navigation through the Strait of Hormuz. Sanctions on Iran would lift gradually under a joint monitoring mechanism tied to compliance.

“$500 billion has been added to US markets in last 30 minutes after reports of a final US-Iran peace deal emerged, set to be announced within hours,” analyst Bull Theory highlighted.

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Stocks Surge $500 Billion While Oil Slides

The equity move landed in about 30 minutes once the terms circulated, with WTI crude oil falling almost 3%, and with it, unwinding the premium built during the Iran conflict.

The pattern echoes Bitcoin’s April bounce during Trump’s earlier pause on Iran strikes. The Project Freedom oil reaction briefly carried BTC toward $80,000 in a similar setup.

As of this writing, the oil price was $96.23, recording a modest recovery as bulls buy WTI at a discount.

What the Leaked Draft Reportedly Includes

The Kobeissi Letter and Solid Intel posted matching terms sourced from Iranian state outlet IRNA, citing Al Arabiya.

The terms cover a full ceasefire and mutual commitments to avoid infrastructure targeting. A joint monitoring mechanism would govern shipping in the Persian Gulf.

Sanctions on Iran would lift gradually as compliance is verified. Talks on outstanding issues are set to begin within seven days. President Masoud Pezeshkian reportedly works to restrain the Islamic Revolutionary Guard Corps (IRGC).

Pakistan’s role aligns with reports that army chief Field Marshal Asim Munir traveled to Tehran on May 21. The channel follows inconclusive previous Islamabad talks earlier this spring.

Peace Trade or Propaganda Push

Mario Nawfal described Tehran’s domestic messaging as its most aggressive since the 1979 revolution. Unveiled women appeared on state TV for the first time in 47 years. He argued real power has shifted from clerics to generals.

Both consultancy firm Rystad Energy and the Federal Reserve have warned that retail gasoline prices may take months to ease even after Hormuz traffic normalizes.

“Global tanker networks would require six to eight weeks to fully reposition, with insurers and shipowners needing an additional 2–5 weeks…Even when the war ends, it will take six to eight weeks just to reposition the world’s tanker network,” said Rystad, the biggest independent energy consultancy in Norway.

Trump countered that pump prices will fall below pre-conflict levels once the conflict ends.

Markets are taking the headline at face value, but enforcement detail, sanctions sequencing, and IRGC discipline remain open questions.

The setup recalls the oil shock liquidity framing applied to Bitcoin earlier in the conflict. It also echoes the broader Iran ceasefire bitcoin path traced through April and May.

The next signal is whether the announcement lands within the promised window. Until then, the rally rests on a leaked document, not a signed one.

However, some remain skeptical about the draft deal’s maturation, amid rumors that talks remain deadlocked.

This would be unsurprising, considering the recent narrative of headlines meant to sway investor sentiment and influence trades while a select few profit.

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Bitcoin price prediction is bearish, according to CryptoQuant’s head of research. According to the reading, the current condition is a mirror comparison to March 2022. BTC sentiment indicators are flashing bearish even as short-term projection points at a modest upside.

Bitcoin’s rally hit resistance at the 200-day moving average around the $82,000 level before pulling back to as low as $76,000. According to CryptoQuant’s Julio Moreno, the same pattern is uncomfortably matched by March 2022, when BTC surged 43% from its lows, kissed the 200-day MA, and resumed its downtrend.

This time, BTC rose by 37% from its April 2025 lows before facing the same ceiling. Spot demand is contracting, speculative futures demand dried up above $82K, and U.S. spot ETFs flipped to net sellers, offloading around 4,000 BTC after buying as much as 64,000 BTC over a prior 30-day window.

The macro structure has not healed. It has just been bandaged, and the bearish technical overlay deserves a closer look.

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Bitcoin Price Prediction: $82,400 Resistance Battling $73K Retest

Bitcoin is trading in a $76,000–$78,000 consolidation band with near-term projections pointing to $78,000. The chart leans slightly more optimistic, targeting $79,000 with a potential spike toward $82,000, though its indicator tally reads 10 sells vs. 7 buys.

Support sits at $76,000 with resistance stacks above $79,000, and ultimately the decisive 200-day MA zone at $82,000. According to Cryptoquant, a failure to reclaim the 200-day MA is “the strongest technical confirmation that the bear market remains structurally intact.”

The weight of evidence tilts toward the base-to-bear scenario. Structurally, the chart is not broken, but it is not healthy either.

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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Battles Support

Bearish BTC consolidation has a reliable side effect: capital rotates. Not out of crypto entirely, but into earlier-stage, higher-asymmetry positions where the upside math still works. That dynamic is exactly the environment Bitcoin Hyper ($HYPER) is launching into, and the timing is deliberate.

Bitcoin Hyper is positioned as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, delivering sub-second finality and low-cost smart contract execution on top of Bitcoin’s security layer.

The pitch targets Bitcoin’s three core limitations, such as slow transactions, high fees, and zero programmability, in a single infrastructure play. The presale has already raised more than $32 million at a current token price of $0.0136, with 36% APY staking rewards live, supporting a Decentralized Canonical Bridge enabling native BTC transfers.

ETF outflows and macro pressure squeezing BTC spot demand may, counterintuitively, accelerate that rotation into presale-stage infrastructure projects.

Research Bitcoin Hyper here.

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A petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and Economic Planning Committee to review objections to the new tax regime.

The 22% tax, set to take effect in January 2027, imposes financial and reporting “burdens” on investors, while also limiting upward mobility for younger individuals, who are locked out of housing markets due to skyrocketing real estate prices, according to the petition.

The petition now has more than 52,000 signatures. Source: South Korea Assembly

The petition also said that taxing crypto gains at 22%, while giving other asset classes preferential tax treatment, undermines South Korea’s share of the crypto market. In a translated statement, the authors of the petition wrote:

“If taxation is enforced in order to secure short-term tax revenues, it is likely to lead to greater losses in the long term, namely, a contraction of industry and an outflow of capital and talent abroad.”

South Korea is a key crypto hub in the Asia-Pacific region, and in March 2025, about 32% of the country’s population owned cryptocurrencies, according to local news agency Yonhap. However, ownership has declined so far this year as crypto prices remain under pressure.

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Related: South Korea plans July rules for tokenized securities

South Korea’s crypto market contracts as tighter controls are proposed

The total value of crypto held by South Koreans declined from about 121.8 trillion won ($83.3 billion) in January 2025 to about 60.6 trillion won ($41.4 billion) in February 2026, according to industry data.

Daily trading volumes on the five largest crypto exchanges in the country, which include Upbit, Bithumb, Coinone, Korbit and Gopax,  also fell from $11.6 billion in December 2024 to just $3 billion in February.

Daily trading volume for South Korea’s largest crypto exchanges. Source: CoinGecko

Tighter Anti-Money Laundering (AML) regulations and Know Your Customer controls in South Korea are also driving investors away from the sector, critics of the policies say. 

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In March, South Korea’s Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) proposed that all crypto transactions above 10 million won ($6,630) sent to or from foreign crypto wallets should be automatically flagged as suspicious.

Crypto industry advocacy organizations in the country have pushed back against the new rules, arguing that the reporting requirements would create an operational burden for exchanges.

Magazine: South Korea gets rich from crypto… North Korea gets weapons

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TLDR

• Michael Saylor said Bitcoin will outperform the S&P 500 over time.
• He made the statement during a Thursday appearance on CNBC’s Squawk Box.
• Saylor said Strategy expects Bitcoin to deliver about 30% annual returns.
• He linked that forecast to his $13 million Bitcoin price target for 2045.
• Saylor said institutional adoption and fixed supply support his long-term Bitcoin thesis.

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Michael Saylor said Bitcoin will outperform the S&P 500 over time during a Thursday appearance on CNBC’s Squawk Box. He said Strategy expects Bitcoin to deliver annual returns of about 30%, above the index’s long-term average. Saylor also repeated his $13 million Bitcoin price target for 2045 and said $60,000 marked the asset’s bottom.

Bitcoin Outlook Tops Michael Saylor’s Market Case

Saylor told CNBC that Bitcoin will “go up” more than the S&P 500 over time. He said Strategy expects annual returns near 30%.

He compared that view with the S&P 500’s long-term annualized return of about 10%. The index tracks 500 large public companies in the United States.

So far this year, the S&P 500 has gained 8%, based on Google Finance data. Bitcoin has fallen 12% over the same period.

Saylor said Strategy’s forecast supports his long-term Bitcoin thesis. He said the company expects the asset to outperform traditional benchmarks over time.

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He also linked that outlook to his $13 million price target for 2045. Saylor said Bitcoin could average about 29% annual returns over the next 19 years.

According to Saylor, institutional adoption supports that case. He also pointed to government treasury strategies and Bitcoin’s fixed supply.

Saylor has repeated this view before. Earlier this year, he said Bitcoin could double or triple the S&P 500’s performance over four to eight years.

Regulation and Market Support Stay in Focus

During the same interview, Saylor said Bitcoin would rally from current levels. He said $60,000 served as the asset’s bottom.

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He described the market as entering a “spring phase.” He said Bitcoin had support near current levels and a favorable macro backdrop.

Saylor also pointed to regulatory developments in the United States. He said progress on the CLARITY Act could help the crypto sector.

He referred to the bill’s passage through the Senate Banking Committee last week. He said the measure advanced with bipartisan support after months of delays.

Saylor also mentioned expected guidance from the US Securities and Exchange Commission. He said the agency could introduce innovation exemptions for tokenized securities.

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He said those exemptions could support securities tokenization on crypto networks. That process could expand blockchain activity across financial markets.

The latest update from Saylor’s remarks was his view on support levels. He said Bitcoin’s floor stood at $60,000 during Thursday’s CNBC interview.

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Gold price just ran from $3,300 to $5,400 in under a year and most people still think of it as the boring safe haven asset. Grok AI looked at that chart and predicts the move is not finished. Not even close.

$5,500 to $6,300 per ounce by end-2026. Another major leg higher from a price that has already broken every historical record.

Grok’s bull case is not built on fear alone. It is built on a structural demand shift that central banks have been executing quietly for years.

Over 800 tonnes of gold are being purchased annually by central banks, a pace that has not slowed despite prices hitting all-time highs repeatedly.

That is not speculative buying. That is sovereign wealth allocation at scale, driven by de-dollarization flows that show no signs of reversing.

Layer geopolitical risks, record global debt levels, and fiscal uncertainties on top of that institutional bid and you have a demand profile that is compounding rather than plateauing. Emerging market ETF inflows are adding retail and institutional demand from economies that historically underowned gold.

And constrained mine supply means the production side cannot respond to higher prices the way it normally would, which tightens the float further as demand accelerates.

Grok’s framing is precise: gold has already made the move from $3,300 to $4,500 on these same tailwinds, and the second leg toward $6,300 is the continuation of a multi-year trend rather than a new prediction.

The bear case requires 3 things to go wrong simultaneously. Inflation falling sharply removes the safe-haven urgency. The dollar strengthening materially redirects global capital flows.

And central bank purchases slowing breaks the institutional demand floor. Grok acknowledges those risks but is direct: even in that scenario the broader reallocation trend keeps downside well-supported and the bullish bias intact. The bear case is consolidation toward $4,000 to $4,400, not a trend reversal.

Tether Gold (XAUT)

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Gold Ran 65% in 12 Months and Is Now Pulling Back, Grok AI Predicts This Is a Reset Before the Next Leg, Not the Top

Gold spot price is trading at $4,510 on the daily, and the chart is one of the most impressive trend structures in any asset class over the past 14 months.

Price ground sideways between $3,000 and $3,400 for most of 2024 and early 2025, then broke out in September 2025 in a near-vertical move that took it all the way to $5,600 by February 2026. That was a 65% move in 5 months driven by exactly the forces Grok identified in its prediction.

The current pullback from $5,600 to $4,510 is the first meaningful correction since that breakout began, and the chart is now testing a critical support zone.

The $4,400 to $4,600 range is where the late 2025 consolidation occurred before the final push to $5,600, which means it is the most logical area for buyers to step in and defend the trend.

Grok’s bear case floor of $4,000 to $4,400 sits just below that zone, and whether that support holds or breaks determines whether this is a bull flag reset or a more serious correction.

Resistance above is $4,800 to $4,900, the range where multiple rejections clustered during the March and April consolidation phase.

Above that $5,200 is the next reference and $5,600 is the February peak that needs to be cleared before Grok’s $5,500 to $6,300 target zone becomes the chart reality rather than just the prediction.

Grok sees $6,300 by year-end. The chart needs $4,400 to hold first.

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