Analysis: Crypto market bets on SpaceX's strong performance after its IPO

CoinFeed reported on June 9th that, according to BIT analysis, with only days left until SpaceX's IPO, market expectations continue to rise, with a general consensus that the stock is poised for strong performance after listing. Unlike many recent IPOs, there are currently almost no signs that SpaceX will raise its offering price, meaning that the $75 billion target fundraising size has already been largely subscribed. Meanwhile, SpaceX-related pre-IPO synthetic perpetual contracts are priced at $157 on Hyperliquid (based on the old 11.9 billion share capital) and $169 on Binance, both significantly higher than the expected IPO price of $135. Although prices have fallen from around $200 a few days ago and have been repriced, the current implied valuation of both platforms remains close to $2 trillion, indicating that traders still expect SpaceX to have a strong IPO performance.