BIT: Crypto Market Bets on SpaceX’s Strong Performance Post-IPO

Odaily Odaily reports that BIT Group posted on platform X, stating that with only a few days left until the SpaceX IPO, market expectations are heating up, with a general consensus that it is expected to perform strongly after listing. Unlike many recent IPOs, there is currently almost no sign that SpaceX will raise its offering price, indicating that the $75 billion target fundraising size has received fairly 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 price of $135. Although prices have retreated from around $200 a few days ago and a repricing has occurred, the current implied valuations on both platforms are still close to $2 trillion, suggesting that traders still expect a strong listing performance for SpaceX. Prediction markets are also leaning optimistic, currently estimating a 68% probability that SpaceX's valuation will exceed $2 trillion by the end of the year.