SpaceX’s crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation
The SPCX perpetual on Hyperliquid has bounced from this week’s lows, while Bloomberg says other shadow markets now imply a first-day gain of more than 35%.
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Summary
- A SpaceX-linked perpetual contract on the crypto exchange Hyperliquid, trading as SPCX, rebounded to about $176 to $183 on Friday after sliding to near $153 earlier in the week.
- At around $183, SPCX now implies roughly a 36% premium to SpaceX’s $135 IPO price, up from about 16% on Wednesday but still below May levels when the premium neared 60%.
- Other shadow markets, including IG International derivatives and Polymarket, are also signaling strong demand, with implied valuations more than 35% above the IPO level and odds favoring a first-day close above $2 trillion.
