Investing.com — Crypto-based prediction market bettors are forecasting an enormous debut for SpaceX when the company eventually goes public, with markets implying a strong likelihood of a valuation above $1 trillion on its first trading day.
According to data from Polymarket, traders currently assign a 73% probability that SpaceX will achieve a market capitalization exceeding $2 trillion after its IPO debut
The market also suggests a 17% chance the company could surpass $3 trillion in value. SpaceX on Wednesday unveiled its highly awaited filing for an initial public offering, disclosing billions in losses and unveiling a super-voting share structure that would enable Elon Musk to maintain control of the company. According to the filing, SpaceX reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter, compared to a net loss of $528 million on revenue of approximately $4 billion in the same period last year.
The company aims to raise up to $75 billion through the IPO. SpaceX is reportedly targeting a valuation above $1.5 trillion. If the company were to exceed a $2 trillion valuation, it would rank among the world’s most valuable companies, ahead of Meta Platforms and Tesla, which currently hold market capitalizations of roughly $1.5 trillion and $1.6 trillion respectively.