Odaily Seer reports that Polymarket has added a new prediction market focused on the official opening price of SpaceX on its first day of trading on Nasdaq. The event asks traders to forecast the price range for SpaceX, ticker SPCX, when it officially opens on the exchange, making the first-day opening print the central reference point rather than the intraday high, intraday low, or closing price.
IPO Price Set at $135 per Share
According to the information provided, SpaceX is scheduled to officially list on Nasdaq on June 12, U.S. time. Compliance documents submitted to the U.S. Securities and Exchange Commission in early June show that the official IPO offering price has been anchored at $135 per share. That price corresponds to a valuation of roughly $1.75 trillion for the company.
Because the offering price has already been set, the Polymarket event shifts attention to where the first official opening price will land. The source notes that institutional oversubscription orders are rumored to have exceeded $10 billion, and this demand has encouraged traders to price in a premium expectation around a first-day pop. At the same time, the source also states that the high valuation multiple of 90 times price-to-sales, together with intense competition in the launch vehicle market, means the first-day opening premium may be relatively moderate.
Settlement Tied to the Official Opening Price
The settlement rules for the event state that the market will be resolved strictly according to SpaceX’s official opening price on its first trading day on a major exchange. If the final opening price falls exactly on the boundary between two ranges, settlement will be made according to the higher range. This rule defines how boundary cases will be handled and ties the outcome directly to the official exchange opening price.
Odaily Seer says it will continue monitoring prediction markets under its positioning of seeing changes before pricing occurs. This SpaceX first-day opening price range market brings together the set IPO price, the stated valuation, reported institutional demand, and the event’s settlement method, with all attention ultimately directed toward the official Nasdaq opening price on June 12.