SpaceX's crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation
SpaceX's crypto-traded IPO, represented by the SPCX perpetual on Hyperliquid, has rebounded from recent lows, indicating a potential upward trajectory towards a valuation of $2.4 trillion, as reported by Bloomberg. This follows a period of volatility where the pre-IPO contracts experienced significant fluctuations.
WPN Brief
- What Happened
SpaceX's crypto-traded IPO, represented by the SPCX perpetual on Hyperliquid, has rebounded from recent lows, indicating a potential upward trajectory towards a valuation of $2.4 trillion, as reported by Bloomberg. This follows a period of volatility where the pre-IPO contracts experienced significant fluctuations.
- Why It Matters
The recovery in SPCX trading reflects renewed investor confidence, especially as the IPO is set to debut on June 12, 2026, with substantial oversubscription, suggesting strong market interest in SpaceX's ambitious financial plans.
- The Bigger Picture
This development highlights the evolving landscape of cryptocurrency and traditional markets, as SpaceX's IPO not only aims for a high valuation but also raises questions about market stability and the implications of speculative trading practices in the crypto sector.
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Elon Musk's SpaceX IPO is four times oversubscribed. A crypto bet tells a more cautious story
SpaceX's initial public offering (IPO) is currently four times oversubscribed, with a valuation approaching $75 billion. Despite the SPCX perpetual trading above the $135 offer price, it has seen a significant decline from its May highs, indicating a cautious market response.
Hyperliquid's pre-IPO SpaceX contracts suffers 45% flash crash, liquidating $1.5 million
Hyperliquid's pre-IPO contracts linked to SpaceX experienced a dramatic 45% flash crash, resulting in the liquidation of $1.5 million in assets within a mere 30 minutes. This selloff was triggered by a lack of sufficient liquidity in the market to absorb the sudden shock, impacting numerous retail traders.
SpaceX debut turns tokenized stocks into crypto’s hottest sector
SpaceX has experienced a significant surge of up to 20% following its record-breaking debut on Nasdaq, elevating its valuation beyond $2 trillion and igniting a substantial wave of activity in tokenized stocks within the cryptocurrency market. The company’s initial public offering (IPO) was priced strategically to attract investors.
Hyperliquid’s SpaceX perp lights up regulatory gray zone over private markets
Hyperliquid has launched a pre-IPO style perpetual contract for SpaceX on Trade.xyz, allowing traders to leverage an implied valuation of $1.78 trillion without equity or regulatory authorization. This development highlights the growing trend of decentralized derivatives in private markets.