Polymarket traders think SpaceX will cross $2 trillion market cap
SpaceX is gearing up for its highly anticipated debut on the Nasdaq this Friday, and excitement is running high among traders on the prediction market platform Polymarket. The Elon Musk-led rocket company is expected to launch with a price of $135 per share, giving it a market value of $1.77 trillion. However, traders are optimistic that SpaceX’s stock will soar well beyond that initial valuation on its first day of trading.
According to Polymarket traders, there is an 84% chance that SpaceX will close with a market cap exceeding $1.8 trillion, and a 69% chance that it will surpass the $2 trillion mark. This would represent a significant rally for SpaceX, with a potential increase of 13% in its stock price on Friday. Pre-IPO perpetual futures on Hyperliquid are indicating that SpaceX could even see a jump of more than 20% in its first day of trading.
While traders are bullish on SpaceX’s prospects, there is some skepticism about whether the company will reach a market value above $2.2 trillion. Despite this uncertainty, crossing the $2 trillion threshold would place SpaceX in an elite group of U.S. companies, including Nvidia, Apple, Alphabet, Microsoft, and Amazon, all of whom have valuations north of $2 trillion.
Achieving a $2 trillion market cap would also position SpaceX ahead of chip giant Broadcom, whose valuation currently stands at $1.85 trillion. Even at its expected initial valuation of $1.77 trillion, SpaceX would already surpass Musk’s electric vehicle flagship, Tesla, which has a market value of about $1.72 trillion.
As SpaceX prepares to make its market debut, all eyes will be on how the stock performs on its first day of trading. With high expectations and a strong market buzz surrounding the company, it will be interesting to see if SpaceX can live up to the hype and join the ranks of the most valuable companies in the U.S.
