If you believe cryptocurrency punters, SpaceX shares might open above $150 when they hit the public market on Friday.
SpaceX To Exceed Expectations?
At the time of writing, Polygon (CRYPTO: POL)-based Polymarket assigned a 48% possibility of SpaceX listing between $150 and $200.
Similarly, there was a 41% chance that the aerospace giant would debut between $200 and $250. Bettors have largely ruled out any chance of SpaceX opening below $100.
Another market showed a 94% chance that the stock will open above its initial public offering price of $135 per share.
The Biggest Market Debut Awaits
The betting and speculation come just ahead of SpaceX’s long-awaited IPO, which is expected to be the largest in market history. The company plans to list on the Nasdaq under the ticker SPCX.
Elon Musk’s firm is reportedly aiming to raise $75 billion and value the company at roughly $1.77 trillion. That would dwarf Saudi Aramco's $29.4 billion listing in 2019.
At $135 a share, Musk's SpaceX stake could be worth roughly $840 billion. Combined with his Tesla (NASDAQ:TSLA) holdings, the listing could push his net worth toward $1.1 trillion and make him the world's first trillionaire.
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