SpaceX Crypto Futures Trade Above Expected IPO Price
Crypto traders valued SpaceX higher than its anticipated IPO price on Thursday morning, with perpetual futures contracts quoted at approximately $165 on both the Hyperliquid and Binance exchanges operating in New York. At this price, the implied market value of SpaceX reaches roughly $2.2 trillion.
SpaceX has set its IPO share price at $135, which would correspond to a company valuation of about $1.8 trillion and would raise close to $75 billion in proceeds. The offering attracted demand exceeding the number of shares available by more than four times.
Perpetual futures are contracts without an expiry date and do not confer any legal ownership of the underlying company. Their pricing reflects factors such as funding rates required to sustain positions, prevailing liquidity conditions, settlement rules, and the reference pricing data for external assets.
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