SpaceX, led by Elon Musk, is weeks away from its public debut. Bettors on the Prediction Market platform Polymarket have weighed in on the closing market capitalization of the commercial space flight company following the IPO.
Polymarket Bettors Weigh In On SpaceX Market Cap
Traders bet on a 75% chance that the market cap will cross $2 trillion following the IPO. The trade also shows an 89% chance that the market cap would be more than $1.8 trillion.
- 99% chance the market cap exceeds $1 trillion
- 98% chance the market capitalization would exceed $1.2 trillion
- 96% chance the market capitalization would exceed $1.4 trillion
- 95% chance the market capitalization would exceed $1.6 trillion
SpaceX IPO
Amid the IPO buzz, SpaceX submitted an amended filing with the Securities and Exchange Commission (SEC) that it could issue a “significant amount of equity in connection with future transactions,” like mergers and acquisitions in the future. The company is targeting the sale of 555.6 million shares for $135 per share, setting the price before its IPO roadshow.
There’s also considerable buzz about a possible merger between SpaceX and Tesla Inc., which could take place in 2027, according to investor Dan Ives of Wedbush Securities. Any mergers could reportedly render the stipulated milestones in Musk’s $1 trillion Tesla pay package void. Should a merger/acquisition take place, Musk’s compensation award would solely rely on market capitalization.
Possible Merger Implications
A potential merger between SpaceX and Tesla could have significant implications for investors and the market. It could lead to a significant increase in market capitalization, which would impact Musk’s compensation package. The possible merger has sparked interest and debate among investors and analysts, with some predicting a potential increase in market value.
Conclusion
SpaceX’s upcoming IPO has generated significant interest and buzz in the market. With an estimated valuation of $2 trillion, the company is poised to make a significant impact on the market. The possible merger with Tesla Inc. adds another layer of complexity and interest to the story, making it a significant event to watch in the coming weeks and months.