Elon Musk's SpaceX is set to price the largest IPO ever, and crypto traders are already betting the stock pops 22% the moment it lists as SPCX on the Nasdaq.
Polymarket traders are not as convinced.
They give that same jump roughly even odds, opening a gap between two of the loudest crowds wagering on Musk's rocket company.
What The Perps Are Pricing Perpetual futures tied to SpaceX traded around 165 on crypto venues Hyperliquid and Binance Thursday morning, according to Bloomberg, implying a valuation near 2.2 trillion.
SpaceX is offering shares at a fixed $135, or about 1.8 trillion, which puts the perps at a 22% premium to the deal.
