BIT: The cryptocurrency market bets that SpaceX will strengthen after its IPO, with pre-IPO contracts implying a valuation close to $2 trillion

According to independent analyst Markus Thielen, with only a few days left until the SpaceX IPO, market expectations continue to rise. Currently, there are almost no signs that SpaceX will raise the expected offering price of $135, which means that the target fundraising scale of $75 billion has been sufficiently covered by subscriptions.

Meanwhile, the related pre-IPO synthetic perpetual contracts for SpaceX are quoted at $157 on Hyperliquid and $169 on Binance, both significantly higher than the expected offering price, with implied valuations on both platforms approaching $2 trillion. Although the price has retreated from the previous high of around $200, the predictive market still gives a 68% probability that SpaceX will have a valuation exceeding $2 trillion by the end of the year, indicating that traders generally expect a strong performance upon listing.