PANews reported on June 12th that, according to CoinDesk, the perpetual contract SPCX tracking SpaceX's IPO on Hyperliquid rebounded to $176-$183 on Friday, after falling to $153 earlier this week. SPCX open interest is approximately $216 million, with 24-hour trading volume exceeding $150 million. SpaceX priced its IPO at a fixed price of $135, and SPCX currently implies a first-day premium of approximately 36%, up from 16% on Wednesday, but down from its May high of 60%.

Other shadow markets are also pointing in the same direction. Bloomberg reported on Friday that derivatives from IG International show SpaceX's valuation at approximately $2.4 trillion, more than 35% higher than its IPO valuation of $1.77 trillion. Furthermore, Polymarket traders estimate a 70% probability that SpaceX will close above $2 trillion on its first day of trading.