SpaceX’s $85 billion IPO windfall went everywhere except Bitcoin

According to CryptoSlate, SpaceX's recent strong earnings report shows significant revenue and EBITDA growth following its $85 billion IPO, yet the company has shifted most of its cash into money-market funds and government securities without increasing its Bitcoin holdings. With a substantial portion of its investment budget directed toward AI, SpaceX's future may face volatility due to upcoming share unlocks and high short interest. As a result, the SPCX stock has experienced notable price declines since the IPO. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.