SpaceX’s crypto-traded perpetual IPO recovers from weekly lows, with shadow markets pricing a 35% first-day gain.
SpaceX’s crypto-traded IPO, tracked via the SPCX perpetual on Hyperliquid, reversed early losses to imply a $2.4 trillion valuation. The bounce follows a sharp decline earlier in the week, signaling renewed investor interest.
Prior to the rebound, the IPO had faced downward pressure, but shadow markets now suggest a potential 35% gain on its first trading day. The move contrasts with broader volatility in crypto-linked equities.
No immediate market reaction data was provided, though the valuation shift reflects speculative demand in decentralized trading venues.