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As SpaceX IPO Approaches, Polymarket, Ventuals Assign $2 Trillion Valuation: Crypto Daily
Polymarket traders give SpaceX a 69% chance of topping $2 trillion on its first trading day, while Hyperliquid futures point to a gain above 20%.
- SpaceX debuts on the Nasdaq on Friday with shares priced at $135, establishing an initial market valuation of $1.77 trillion under Elon Musk's leadership.
- Market expectations position the rocket company to surpass $2 trillion, a threshold currently held by only five U.S. companies: Nvidia, Apple, Alphabet, Microsoft, and Amazon.
- Traders on Polymarket assign a 64% chance that SpaceX closes above $2 trillion, while Hyperliquid data shows open interest in perpetual contracts exceeding $240 million.
- Amanda Lyons, head of research at Energy Group Capital, warned the company is being priced as a "cult stock," cautioning that investors may suffer losses ignoring cash flow fundamentals.
- Adam Morgan McCarthy, research lead at Lo:Tech, noted today's debut serves as a "stress test for crypto markets," as traders monitor potential spillover effects on Bitcoin prices.
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SpaceX Shares Surge 18% in Trading Debut as Elon Musk's Rocket Company Surpasses $2 Trillion Valuation
SpaceX opened trading Friday at $150 per share under the ticker SPCX following the largest IPO in history, with shares quickly climbing above $160 and pushing the company's market capitalization beyond $2 trillion.
·United States
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SpaceX set for record debut
SpaceX is set to make its record-breaking stock market debut today, with appetite for its shares vastly outweighing supply. The IPO valued the company at above $1.75 trillion and may have made CEO Elon Musk the world’s first trillionaire. The already sky-high numbers could go higher: SpaceX received orders for more than three times the amount of shares on offer, derivatives markets priced in a 35% jump, and prediction markets placed a 70% probab…
·New York, United States
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Coverage Details
Total News Sources17
Leaning Left3Leaning Right6Center2Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
55% Right
L 27%
C 18%
R 55%
Factuality
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