PANews, June 11th - According to Zhitong Finance, crypto market traders are ignoring SpaceX's anticipated IPO price and giving it a higher valuation ahead of Elon Musk's rocket, satellite, and artificial intelligence company's debut. On Thursday morning New York time, perpetual futures linked to SpaceX were trading at around $165 on crypto trading platforms such as Hyperliquid and Binance, implying a valuation of approximately $2.2 trillion. The company is offering shares at a fixed price of $135 in its record IPO. SpaceX's IPO is scheduled to complete its pricing process on Thursday. Bloomberg reported on Wednesday that demand for the offering was reportedly more than four times the offering size. Sources familiar with the matter said the terms of the offering are unlikely to change, meaning SpaceX will raise approximately $75 billion at a valuation of approximately $1.8 trillion. Between Musk supporters chasing SpaceX stock almost regardless of valuation and veteran investors like Jim Chanos calling it an "IPO of hope and dreams," crypto perpetual contract traders appear to be on the former side, despite prices having fallen from above $200 in May.
Crypto markets are betting on SpaceX to trade at a 20% premium to its IPO price on its first day of trading, valuing the company at $2.2 trillion.
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Author: PA一线
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