IG International shows SpaceX IPO implied valuation at $2.4 trillion
SpaceX, Elon Musk's rocket company, is gearing up for a massive IPO that's grabbing everyone's attention.
Fresh numbers from IG International show SpaceX's derivatives pointed to a jaw-dropping $2.4 trillion implied valuation, more than 35% from the $1.77 trillion IPO valuation.
Investors are clearly excited, and the hype keeps building.
SpaceX pre-IPO momentum could set precedent
On trading platforms like Hyperliquid, futures tied to SpaceX are buzzing with activity: over $143 million traded in just one day, pushing the company's implied value past $2.2 trillion.
Prediction markets like Polymarket say there's a 70% shot that SpaceX will debut above the $2 trillion mark.
As analyst Fabien Yip puts it, "Demand has been good for the IPO and there is a lot of interest in the pre-IPO trading as well" and "we have had so far even with the valuation looking stretched. If the pre-IPO pricing momentum sustains, it will set a precedent for the next mega-IPOs," and it could set the stage for other big tech IPOs down the road.