SpaceX (SPX) Pre-IPO Futures Trading at $162, 20% Above IPO Price
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX's (SPX) pre-IPO perpetual futures are currently trading at approximately $162 on the Hyperliquid platform, which is 20% above the fixed IPO price of $135 per share. The demand for shares in the IPO is reported to be four times oversubscribed. At a valuation of $1.77 trillion, SpaceX would rank as the seventh-largest public company in the U.S., surpassing Tesla (TSLA). However, despite this interest, market analysts caution that sentiment remains cautious as broader crypto prices have declined, with Bitcoin and ether down 20% and 23%, respectively, since the launch of these futures contracts.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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