SpaceX Valuation Jumps to $2.4 Trillion in Pre-Listing Markets

Investor optimism surrounding SpaceX has strengthened ahead of its highly anticipated market debut, with several trading platforms signaling a stronger opening than expected. A SpaceX linked perpetual contract known as SPCX has recovered sharply after weeks of decline, reflecting renewed confidence in the aerospace company’s valuation.

SpaceX IPO Premium Climbs Ahead of Debut

SPCX, a cash settled derivative that tracks market expectations for SpaceX shares, traded between $176 and $183 on Friday after falling to around $153 earlier this week. While the contract does not provide ownership of SpaceX stock or IPO allocations, it has become a closely watched indicator of how traders expect the shares to perform after listing.

At current levels, SPCX suggests a premium of roughly 36% above the company’s IPO price of $135 per share. Earlier in May, the contract briefly reached $216, implying a premium of nearly 60%.

Trading Activity Shows Strong Interest

Market activity remains elevated, with open interest near $216 million and 24-hour trading volume exceeding $150 million. Open interest represents the total value of active contracts held by traders.

SpaceX Valuation Forecast Reaches $2.4 Trillion

Other pre-listing markets are also pointing to a stronger debut. Recent derivatives pricing suggests a potential valuation of approximately $2.4 trillion, more than 35% above the $1.77 trillion valuation implied by the IPO price.

Prediction Markets Turn Bullish

Prediction market participants have also become more optimistic, with many expecting SpaceX to finish its first trading day above the $2 trillion valuation mark. The latest rebound suggests investors remain confident that demand for SpaceX shares could support a strong opening despite recent volatility in pre-IPO markets.