Shadow market trading signals over 35% gain for SpaceX stock

Odaily reported that the shadow market is indicating a strong performance for SpaceX stock upon listing, with an expected price increase of at least 35%. The company encompasses Elon Musk's rocket, satellite, and artificial intelligence businesses. Derivatives offered by online broker IG International pointed to a market capitalization of $2.4 trillion in Singapore on Friday morning, implying a premium of over 35% compared to the Initial Public Offering (IPO) price of $135 per share and a valuation of $1.77 trillion. (Theedgesingapore)