BIT: The cryptocurrency market has begun to price in the SpaceX IPO in advance

BIT Official released a chart analysis stating that the crypto market has begun to price in the SpaceX IPO in advance. The chart shows that SpaceX plans to IPO on June 12 with an estimated valuation of about $1.74 trillion, nearly 40% higher than the latest internal valuation of $1.25 trillion. Currently, Hyperliquid and Binance have both launched perpetual contracts related to SpaceX, with the implied valuation corresponding to the market price being approximately $2.41 trillion.

Markus Thielen believes this indicates that the market is betting on SpaceX completing its IPO at a higher valuation or performing strongly after going public. At the same time, he pointed out that the launch of such contract products also reflects the deepening integration of the crypto market with traditional finance, as crypto trading platforms gradually expand their trading exposure to popular themes in stocks and the primary market.