Back
SpaceX launches $75 billion IPO at $135 as shadow markets signal stronger debut

SpaceX launches $75 billion IPO at $135 as shadow markets signal stronger debut

The IPO implied about a $1.77 trillion valuation, while the reportedly oversubscribed deal and shadow-market pricing suggested room for a higher post-listing value, potentially pushing SpaceX into the world’s top 10 assets.

HYPE

Fact Check
Every element of the claim is corroborated by primary and authoritative secondary sources. The official SpaceX pricing announcement confirms 555,555,555 shares at $135.00 (approximately $75 billion raised). CNBC and NBC confirm the ~$1.77 trillion implied valuation. WSJ confirms BlackRock's order of at least $5 billion. Yahoo Finance confirms the SPCX perpetual traded near $165, above the $135 IPO benchmark. No conflicting evidence was found.
Summary

SpaceX said it sold 555,555,555 shares in its IPO at $135 each, raising $75 billion ahead of its scheduled June 12 Nasdaq debut and implying a valuation of about $1.77 trillion. The offering was reportedly several times oversubscribed, adding to signs of strong demand already reflected in crypto-linked and other shadow markets. SPCX perpetuals on Hyperliquid rebounded to about $176-$183 on Friday after dropping to $153 earlier in the week, with open interest around $216 million and 24-hour volume above $150 million. Other unofficial pre-listing signals also pointed higher, including IG International derivatives implying a roughly $2.4 trillion valuation and Polymarket showing a 70% chance that SpaceX closes above $2 trillion on its first trading day. Earlier reporting also showed OKX premarket pricing above $180 and last at $184, while Bloomberg said parallel pre-listing markets were implying a first-day gain of more than 35%, or roughly $2.2 trillion to $2.4 trillion in valuation terms. A modest gain after listing could lift SpaceX above Broadcom to become the world’s 10th-largest asset by market value, though it would still trail TSMC. On Hyperliquid, a whale trader increased the platform’s largest SPCX long position to $21.4 million from $17.6 million on June 12, with Hyperinsight saying the average entry price rose to $167.2 and unrealized profit reached $1.68 million, or 17%, as the trader kept adding exposure ahead of the listing.

Terms & Concepts
  • IPO: Initial public offering, or a company’s first sale of shares to public investors.
  • perpetual futures contract: A derivative with no expiration date.
  • shadow markets: Unofficial venues such as derivatives and prediction platforms that indicate expected pricing before regular exchange trading begins.