BlockBeats News, June 12: Regarding the impact of SpaceX's IPO on the U.S. stock market, analyst alicharts made reference to the 2021 Coinbase listing case, commenting that Coinbase went public through an IPO on April 14, 2021. Prior to its debut, Bitcoin had surged over 1,200% since March 2020. Following the event, Bitcoin experienced a sharp 50% correction. Today, the timing of the SPCX IPO coincides with the S&P 500's over 50% increase in the past year.

alicharts believes that as the extreme hype has already been priced in, historically, a period of natural consolidation at the macro level and profit-taking across broader indices would be entirely healthy.