Polymarket launches prediction market for SpaceX's first-day opening price range

Odaily Seer Channel monitors that Polymarket has launched a new prediction market event on the official opening price range of SpaceX (ticker: SPCX) on its first day of listing on the Nasdaq.

SpaceX is scheduled to officially list on the Nasdaq on June 12 (US time). According to its compliance documents submitted to the U.S. Securities and Exchange Commission (SEC) in early June, the official IPO issue price is set at $135 per share, corresponding to a valuation of approximately $1.75 trillion. Although the issue price has been determined, with institutional oversubscription orders reportedly exceeding $10 billion, market demand has driven traders' expectations of a premium for a "first-day pop." However, given the high valuation multiple of 90 times price-to-sales and intense competition in the launch vehicle market, the first-day opening premium may be relatively moderate. According to the event's settlement rules, the market will strictly settle based on SpaceX's official opening price on its first trading day on the primary exchange. If the final opening price falls exactly at the boundary point between two ranges, the higher range will be used for settlement.

Odaily Seer Channel continues to follow prediction markets. Before the pricing, see the changes.