BIT: Crypto Market Has Begun Pricing in SpaceX IPO in Advance

Odaily Odaily reports that BIT Official has released a chart analysis suggesting the crypto market has begun to price in the SpaceX IPO in advance.

The chart shows that SpaceX plans to IPO on June 12 at a valuation of approximately $1.74 trillion, nearly 40% higher than its latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have successively listed SpaceX-related perpetual contracts, with the implied valuation corresponding to the relevant market price being approximately $2.41 trillion.

Markus Thielen believes this indicates the market is betting that SpaceX will complete its IPO at a higher valuation or experience strong performance after listing. Meanwhile, he points out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms are gradually expanding their trading exposure to stocks and popular themes in the primary market.