BIT: Crypto Market Begins to Price in SpaceX IPO Early

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

The chart shows that SpaceX plans to go public on June 12 with 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 prices 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 will show strong performance after listing. At the same time, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, with crypto trading platforms gradually expanding their trading exposure to equities and popular themes in the primary market.