Crypto-based prediction markets for SpaceX's anticipated IPO have reversed course after sharp early-week declines, now pointing to a potential first-day gain of over 35% and an implied valuation of $2.4 trillion. The SPCX perpetual contract on decentralized derivatives platform Hyperliquid led the recovery, bouncing from recent lows as sentiment shifted. Bloomberg data indicates that other shadow markets — informal or pre-IPO trading venues — are aligning with the more bullish outlook. SpaceX has not confirmed an IPO date, but these crypto-native instruments allow traders to speculate on the company's eventual public market debut before any official listing. The swing in implied valuation highlights how decentralized markets are increasingly being used to price high-profile private companies, offering real-time sentiment signals outside traditional financial channels.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.