Crypto market trader bets SpaceX IPO premium of 0.2, valuation at 2.2 trillion yuan

On Thursday morning New York time, SpaceX perpetual futures were trading at around $165 on Hyperliquid and Binance, implying a valuation of around $2.2 trillion. SpaceX is issuing stocks at a fixed price of $135, and the IPO is scheduled to be priced on Thursday. Bloomberg reported on Wednesday that the subscription demand for the issuance exceeded the issuance scale by four times. Insiders say that SpaceX will raise approximately 75 billion yuan at a valuation of around 1.8 trillion yuan. The trading price of encrypted perpetual contracts has fallen from over 200 in May.