The cryptocurrency market is betting on SpaceX's first day of listing, with a 20% premium over its IPO price and a valuation of $2.2 trillion Cryptocurrency market traders are ignoring SpaceX's expected IPO price and giving higher valuations ahead of the listing of Elon Musk's rocket, satellite, and artificial intelligence company. On Thursday morning New York time, perpetual futures linked to SpaceX were trading at around $165 on cryptocurrency trading platforms such as Hyperliquid and Binance, implying a valuation of around $2.2 trillion. The company issued shares at a fixed price of $135 in a record breaking initial public offering. SpaceX's IPO is scheduled to complete the pricing process on Thursday. Bloomberg reported on Wednesday that the subscription demand for this issuance is reportedly more than four times the size of the issuance. Insiders say that the issuance terms are unlikely to change, which means SpaceX will raise approximately $75 billion at a valuation of around $1.8 trillion. Amidst Musk supporters chasing SpaceX stocks almost regardless of valuation, and veteran investors such as Jim Chanos calling it a "hopeful and dream IPO," cryptocurrency perpetual contract traders seem to be on the former's side, despite the price having fallen from above $200 in May. (Sina Finance)