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As SpaceX IPO approaches, Polymarket, Ventuals assign $2 trillion valuation onchain
Your day-ahead look for June 11, 2026
Jun 11, 2026, 11:23 a.m. 3 min read
What to know:
This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.
Right now, traders on Polymarket, a decentralized betting platform, assign a 64% chance that SpaceX will close its first trading day above a $2 trillion valuation. A close above $3 trillion? Polymarket gives a 5% chance.
In other words, the market expects a strong debut, but not a blowout.
For bitcoin traders, the IPO serves as a real-world test of the dominant narrative: that the offering has been draining risk capital from crypto, contributing to the recent price decline.
If that theory holds, capital should flow back into bitcoin and crypto once the IPO is out of the way and the initial allocation frenzy subsides. Stay alert!
