BIT: Crypto market bets on strong performance post-SpaceX IPO

Odaily reports that BIT Group posted on X platform, stating that with only days remaining until the SpaceX IPO, market expectations are heating up, with a general consensus that the stock is likely to perform strongly after listing. Unlike many recent IPOs, there are currently few signs that SpaceX will increase its offering price, indicating that the $75 billion target fundraising amount has received relatively sufficient subscription coverage.

Meanwhile, SpaceX-related pre-IPO synthetic perpetual contracts are priced at $157 on Hyperliquid (based on the old 11.9 billion share count) and $169 on Binance, both significantly higher than the expected IPO offering price of $135. Although prices have retreated from around $200 a few days ago and undergone a repricing, the current implied valuations on both platforms are still close to $2 trillion, indicating that traders still expect SpaceX will have a strong market debut. Prediction markets are also leaning optimistic, currently placing a 68% probability that SpaceX's valuation will exceed $2 trillion by the end of this year.