Explore the latest developments concerning SpaceX primed for.
SpaceX primed for double-digit pop on first day, if 'perps' trading is any guide
Crypto traders in the SpaceX pre-IPO perpetual futures are expecting a big first day for Elon Musk's much-hyped space company.
The perpetual future contract is currently trading around $162 on the Hyperliquid trading platform, a market dominated by highly active, leverage-seeking crypto traders. That's about 20% above its fixed IPO price of $135 per share, but down sharply from the peak levels exceeding $220, reached shortly after its May launch. SpaceX perpetual futures on Binance were trading at a similar level.
Musk's rocket company is reportedly running four times oversubscribed, meaning demand from investors is roughly four times greater than the number of shares available in the offering.
Bitcoin Is Suddenly On The Edge Of A Massive Elon Musk Price Shock
Bitcoin and crypto prices have swung wildly over the last few weeks, with bitcoin teetering on the brink of a “big” Wall Street move.
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The bitcoin price has dropped to just over $60,000 per bitcoin, down more than 50% from its all-time high reached in October last year (even as president Donald Trump’s White House gears up for a massive crypto game-changer).
Now, as JPMorgan chief executive Jamie Dimon issues a stark crypto warning, Elon Musk’s imminent SpaceX initial public offering (IPO) has been named as the “next real catalyst” for the bitcoin price.
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