Odaily reported that trading in the shadow market points to a strong listed performance for SpaceX shares, with the expected share price at least 35% above the initial public offering price. The company is described in the report as Elon Musk’s rocket, satellite and artificial intelligence business. The pricing signal cited in the item comes from derivatives linked to the shares, rather than from ordinary cash equity trading.
According to the report, derivatives offered by online broker IG International in Singapore on Friday morning indicated a market value of $2.4 trillion for SpaceX. That level is more than 35% higher than the initial public offering price of $135 per share and the $1.77 trillion valuation referenced in the same report.
The figures were reported by Theedgesingapore and relayed by Odaily. In this item, the key data points are the $2.4 trillion implied market value, the $135 IPO price, the $1.77 trillion valuation, and the expectation of a gain exceeding 35% as reflected by shadow market trading.