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

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.

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