SpaceX, led by Elon Musk, is preparing for a $75 billion IPO in June, which could significantly impact both tech stocks and Bitcoin. The company recently disclosed that it holds 18,712 BTC, valued at approximately $1.45 billion, making it the largest known Bitcoin holder among companies preparing for a public listing. This IPO could allow SpaceX to enter the Nasdaq 100 rapidly, increasing Bitcoin exposure among major tech firms, including Tesla, which already holds 11,509 BTC. However, analysts warn that the influx of capital into SpaceX could lead to passive fund rebalancing, resulting in substantial outflows from other tech stocks such as Nvidia and Apple. Estimates indicate Nvidia could lose over $20 billion in passive outflows, while Apple could face around $16 billion. Bitcoin has shown a strong correlation with these tech stocks, suggesting that any downturn in tech could also negatively affect Bitcoin prices. Currently, Bitcoin's demand is at a four-month low, indicating potential consolidation and a downside target of around $73,000–$74,000.