SPCX is set to hit the NASDAQ in June, and crypto markets have already begun pricing the asset. A rapidly growing shadow market now lets retail investors speculate on SpaceX’s valuation before public trading.
A perpetual contract platform, Trade.xyz, has launched a futures contract that tracks the expected market value of SpaceX, without any affiliation with the company. The contract has seen a 44% increase in value ever since.
According to the BBC, some analysts believe the SpaceX IPO could impact the net worth of its major shareholders. Elon Musk, who holds substantial SpaceX shares, may see these valued at over $600 billion. Pre-IPO trading suggests that current valuations may serve as a starting point.
What is SpaceX?
SpaceX is a space exploration company founded by Elon Musk. The company’s largest product, Starlink, has over 10 million subscribers and reported 1.9 billion in Q1 profit. SpaceX remains committed to space travel, having evolved from reusable rocket missions to becoming a key partner with NASA for orbital journeys.
Recent engagements include rocket launching services for Spaceship and Falcon 9. In these programs, SpaceX continues to focus on reducing the costs of space exploration. The company has reduced launching costs from as much as $54,000 per kg on the Space Shuttle to under $3,000 per kg on the Falcon 9.
Other business areas associated with SpaceX include xAI and X (formerly Twitter). In February 2026, Musk merged xAI with SpaceX. xAI, which develops the AI product Grok as a competitor to ChatGPT, Claude, and Gemini, has yet to report profit due to ongoing expenditures.
Last year, xAI reported that 78% of its 465 million revenue from AI solutions and infrastructure came from X and Grok subscriptions. However, SpaceX filings show that only 21% of X’s monthly active users engage with Grok. This metric implies a large user base but a relatively slow adoption of the AI feature. Musk believes xAI will benefit from the impending IPO for continued expansion in AI compute.
Plans and Expectations Surrounding the Upcoming Initial Public Offering Launch.
Elon Musk is setting the stage for one of the largest IPOs in history. It is expected to raise $70 billion, exceeding Aramco’s $29.4 billion IPO in 2020. SpaceX will …
