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Shadow market trades signal SpaceX stock gains of over 35%

2026-06-12 05:42

Odaily Planet Daily News: The shadow market indicates strong performance for SpaceX's stock listing, with expectations of at least a 35% price increase. The company is Elon Musk’s rocket, satellite, and artificial intelligence venture. Derivatives offered by online broker IG International pointed to a market cap of $2.4 trillion in Singapore on Friday morning, implying a more than 35% premium over the Initial Public Offering (IPO) price of $135 per share and valuation of $1.77 trillion. (Theedgesingapore)