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Nasdaq says SpaceX IPO indications to begin at 9:50 a.m. ET

Nasdaq says SpaceX IPO indications to begin at 9:50 a.m. ET

SpaceX priced its IPO at $135, with Nasdaq indications due from 9:50 a.m. ET and expected trading from 10:00 a.m.; crypto-linked markets including Hyperliquid pointed to a debut near $177.

HYPE

Fact Check
Both Odaily and TheBlockBeats confirm the Nasdaq announcement that SpaceX IPO price indications begin at 9:50 a.m. ET with trading from 10:00 a.m. ET, dated 2026-06-12. The Bloomberg article via Yahoo Finance independently confirms that pre-IPO derivatives implied a 30%-50% debut gain. The two main numeric/timing components of the claim are corroborated by multiple independent sources, giving high confidence the claim is accurate.
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Summary

Nasdaq said initial price indications for the SpaceX IPO will begin at 9:50 a.m. Eastern Time, ahead of expected trading from 10:00 a.m. ET. SpaceX priced the offering at $135, which the newer source described as the largest IPO ever. Before the debut, pre-IPO derivatives implied a 30% to 50% first-day gain, while crypto perpetuals and trading on Hyperliquid indicated prices around $175 to $177, more than 30% above the offer price and implying a market capitalization above $2.2 trillion. The reports said the activity highlighted a growing intersection between crypto-linked trading venues and traditional equity markets, while raising questions about regulation and market stability.

Terms & Concepts
  • Price indications: Preliminary signals used to guide an IPO's opening price before trading begins.
  • Pre-IPO derivatives: Contracts reflecting expected pricing before a public listing.
  • Hyperliquid: A crypto trading platform for digital-asset markets.