SpaceX priced its IPO at $135 per share, raising approximately $75 billion and landing a $1.77 trillion valuation. That makes it the largest initial public offering in history.
But the IPO price might already be stale. Shadow market trading and crypto-linked derivatives suggest the stock could jump roughly 35% when it begins trading on Nasdaq under the ticker SPCX, potentially pushing the company’s valuation toward $2.4 trillion. That would put the implied share price around $180.
The crypto market got there first
Hyperliquid, the decentralized perpetual futures exchange, listed SPCX perpetual futures contracts that were trading in the $174 to $183 range ahead of the Nasdaq debut.
Hyperliquid reported 24-hour trading volume exceeding $143 million, with open interest crossing $208 million.
