Polymarket bets on SpaceX's "grand opening": The market value is expected to surge to $2 trillion on the first day of listing, becoming the sixth largest "super giant" in the United States.
SpaceX will be listed on Nasdaq on Friday, with traders on the prediction platform Polymarket predicting that its stock price will soar.
Notice that SpaceX will be listed on Nasdaq on Friday, and traders on the prediction market platform Polymarket believe that its stock price will soar.
The rocket company led by Elon Musk is expected to have an IPO price of $135 per share, giving it a market value of $1.77 trillion. However, traders believe that its stock price is likely to far exceed this level on the first day of trading.
According to data from traders on Polymarket, there is an 84% probability that SpaceX's closing market value will exceed $1.8 trillion, and a 69% probability that it will surpass $2 trillion.
Based on the expected initial market value of $1.77 trillion, reaching a market value of around $2 trillion means that SpaceX will need to rise by approximately 13% on Friday. Pre-IPO perpetual futures on the Hyperliquid platform show that SpaceX's increase on its first day of trading could exceed 20%.
However, traders are skeptical about whether SpaceX's closing market value will exceed $2.2 trillion, believing that the likelihood is less than 50%.
If the closing market value surpasses $2 trillion, SpaceX will join an exclusive "top-tier club". Currently, only five other US companies - Nvidia, Apple, Alphabet, Microsoft, and Amazon - have market values above $2 trillion.
A market value of $2 trillion will also put SpaceX ahead of chip giant Broadcom, which has a market value of $1.85 trillion. Even based on the expected initial valuation of $1.77 trillion, SpaceX will be shown to be larger in scale than Musk's flagship electric car company. FactSet data shows that as of Thursday's close, Tesla's market value is approximately $1.72 trillion.
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