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As SpaceX IPO approaches, Polymarket, Ventuals assign $2 trillion valuation onchain
Key takeaways
- Elon Musk's Space X sets the price of its Friday IPO on Nasdaq later today.
- That gap is evident from three markets: Onchain perpetuals futures offered by Ventuals and trade.xyz, both running on Hyperliquid, and Polymarket's implied first-day close.
- Right now, traders on Polymarket, a decentralized betting platform, assign a 64% chance that SpaceX will close its first trading day above a $2 trillion valuation.
Elon Musk's Space X sets the price of its Friday IPO on Nasdaq later today. While the company is currently valued at roughly $1.77 trillion, blockchain-based pre-IPO price discovery derivatives and prediction markets seem to think that's too low.
That gap is evident from three markets: Onchain perpetuals futures offered by Ventuals and trade.xyz, both running on Hyperliquid, and Polymarket's implied first-day close. These have all converged on the $1.8 trillion-$2.1 trillion range, according to data source Allium.
Right now, traders on Polymarket, a decentralized betting platform, assign a 64% chance that SpaceX will close its first trading day above a $2 trillion valuation. A close above $3 trillion? Polymarket gives a 5% chance.
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