The recent trading debut of SpaceX on NASDAQ has sparked interest among investors as it presents a potential buying opportunity for Bitcoin. According to Milk Road analyst John Gillan, the capital rotation into SpaceX has diverted attention and buyers from the cryptocurrency market. SpaceX opened at $162 on Friday, surpassing its $135 IPO price after raising an impressive $75 billion at a valuation of $1.77 trillion. This milestone positions SpaceX as the seventh most valuable company in the US, ahead of Tesla Inc. Elon Musk, during a livestream with JPMorgan Chase prior to the IPO, revealed that SpaceX has been generating positive cash flow since approximately 2015. Additionally, Musk outlined ambitious plans for the company, including launching over 100,000 satellites into orbit and constructing AI data centers in space. The reduced focus on Bitcoin and cryptocurrency is attributed to investors reallocating funds for SpaceX allocations.