SpaceX hasn’t even started trading yet, and the shadow markets have already made up their minds. Crypto perpetual futures are pricing the company’s shares at roughly $162, a meaningful premium over the $135 IPO price, suggesting traders expect a significant pop when the stock finally hits Nasdaq on June 12, 2026.

The numbers behind the hype

SpaceX has priced its IPO at $135 per share, aiming to raise approximately $75B in what would be one of the largest public offerings in history. The company plans to list on Nasdaq under the ticker SPCX, and the institutional appetite has been staggering.

The offering is reportedly four times oversubscribed among institutional investors.

What’s more unusual is the retail allocation. SpaceX is reportedly earmarking 20-30% of shares for everyday investors, a dramatic departure from the typical 5-10% retail slice that most IPOs offer.