SpaceX-linked pre-IPO product SPCX traded at 155.84 USD on the 10th at 9am on decentralized derivatives exchange Hyperliquid, down 32.24% from its peak of 230 USD reached on the 18th of last month. The decline follows SpaceX setting its IPO price at 135 USD per share, with investors engaging in profit-taking amid remaining uncertainties about post-listing price movements. SPCX is a pre-IPO derivative traded on the decentralized platform, reflecting enterprise value and investor sentiment ahead of SpaceX's public listing led by CEO Elon Musk.
SPCX Trades at 155.84 USD on Hyperliquid
According to decentralized derivatives trading platform Hyperliquid, the SpaceX-linked product SPCX traded at 155.84 USD (approximately 237,700 KRW) on the 10th at 9am. SPCX is not actual SpaceX stock but a pre-IPO derivative that trades based on pre-listing enterprise value and investor sentiment. Investors use the product to reflect expectations around SpaceX's upcoming public offering.
SpaceX IPO Price Set at 135 USD Per Share
According to foreign media reports, SpaceX set its IPO price at 135 USD (approximately 206,000 KRW) per share. The company's post-listing valuation is projected to reach approximately 1.75 trillion USD (approximately 2,669 trillion KRW). The IPO pricing establishes a baseline for investor expectations in both traditional and decentralized pre-IPO markets.
SPCX Declines 32.24% From 230 USD Peak
SPCX reached a high of 230 USD (approximately 350,000 KRW) on the 18th of last month when listing expectations were concentrated, but has since declined 32.24% from that peak. The decline is attributed to investors taking profits after SpaceX confirmed its IPO price. With uncertainties remaining about post-listing share price movements, investors appear to be proactively closing positions in the pre-IPO market.
SpaceX Plans AI and Starlink Investment With IPO Funds
SpaceX plans to allocate funds secured through the IPO to artificial intelligence (AI) infrastructure expansion, space launch vehicle development, and Starlink satellite internet network construction. As pre-IPO market prices continue to show weakness, investor attention is focused on actual share price movements following the listing.
FAQ
What price is SPCX trading at on Hyperliquid?
SPCX traded at 155.84 USD on the 10th at 9am on Hyperliquid, down 32.24% from its peak of 230 USD reached on the 18th of last month.
What is SpaceX's IPO price per share?
According to foreign media reports, SpaceX set its IPO price at 135 USD per share, with a projected post-listing valuation of approximately 1.75 trillion USD.
