SpaceX and other mega IPOs may wait years to join the S&P 500

Speculation regarding a SpaceX IPO and emerging AI opportunities like OpenAI and Anthropic may be driving a Bitcoin sell-off. Investors are reportedly liquidating crypto positions to chase these mega IPOs, creating liquidity pressure and ETF outflows. While Nasdaq Inc. reduced its Nasdaq 100 entry requirements to fifteen trading days, S&P 500 entry could still take years. This capital rotation debate highlights a potential shift in retail sentiment away from Bitcoin toward high-profile equity markets.