SpaceX Perpetual Futures Trade 20% Above IPO Price at $165 on June 11

SPCX-1.70%
According to Bloomberg, on June 11, SpaceX perpetual futures on Hyperliquid and Binance traded around $165, implying a $2.2 trillion valuation—about 20% above the company's IPO price of $135. The offering, expected to price on Thursday, is set to raise approximately $75 billion at an estimated $1.8 trillion valuation, according to informed sources. Demand for the issue has exceeded supply by roughly four times.
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