As Elon Musk-led SpaceX 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 crosses $2 trillion following the IPO at the time of writing this article on Wednesday, while the trade shows an 89% chance that the market cap would be more than $1.8 trillion.
On the other hand, bullish bets in the trade include a 99% chance the market cap exceeds $1 trillion, while the bettors think there’s a 98%, 96% and 95% chance that the market capitalization would exceed $1.2 trillion, $1.4 trillion and $1.6 trillion, respectively.
SpaceX IPO
Amid the IPO buzz, SpaceX submitted an amended S-1 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 also reportedly targeting the sale of 555.6 million shares for $135 per share, setting the price before its IPO roadshow.
There’s also considerable buzz among people about a possible merger between SpaceX and Tesla Inc. (NASDAQ:TSLA), which, according to investor Dan Ives of Wedbush Securities, could take place in 2027.
Notably, any mergers could reportedly render the stipulated milestones in Musk’s $1 trillion Tesla pay package void, according to the terms in the contract. Should a merger/acquisition take place, Musk’s compensation award would solely rely on market capitalization.
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