SpaceX's crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation
CoinDesk 2026-06-12 06:13:44
Context: SpaceX, a private aerospace manufacturer and space transport services company founded by Elon Musk, has been making headlines in the financial world with its cryptocurrency-traded initial public offering (IPO). The company's valuation has been a subject of interest among investors and analysts, with recent fluctuations in the market affecting its value. This article discusses the current state of SpaceX's valuation in the cryptocurrency market.
Key Facts
- The perpetual contract for SpaceX's IPO on Hyperliquid, a cryptocurrency trading platform, has shown a significant bounce from its lows this week, indicating a potential upward trend in the company's valuation.
- Bloomberg reports that other shadow markets are now implying a first-day gain of more than 35% for SpaceX's IPO, suggesting a substantial increase in investor interest and confidence in the company's valuation.
- The valuation of SpaceX's IPO has reached $2.4 trillion, a significant milestone that reflects the company's growing influence and potential in the space industry and beyond.