Crypto Platforms Broaden Access to Elon Musk's SpaceX Ahead of $1.75 Trillion IPO
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Compiled by KHAO Editorial
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Crypto is pushing SpaceX’s IPO far beyond traditional brokerage accounts.
Key facts
On Polymarket, users can place wagers on SpaceX’s closing market cap, which is currently projected to fall somewhere between $2 trillion and $2.5 trillion on its first day
On Myriad, a prediction market owned by Decrypt 's parent company Dastan, traders foresaw a 94% chance of the company’s market cap closing above $1.3 trillion on Friday
With Wall Street’s books heavily oversubscribed ahead of Friday’s historic liftoff, the industry is enabling investors to speculate on the firm’s $1.75 trillion debut in a variety of ways
Kraken parent Payward offers tokens that will be backed by SpaceX shares, available at the firm’s fixed offering price of $135 per share
Summary
With the help of crypto rails, international retail investors have a variety of ways to bypass Wall Street gatekeepers. Those avenues include prediction markets like Polymarket, perpetual futures on exchanges, and synthetic assets. SpaceX’s high-stakes debut represents a fast-approaching test that could shape sentiment around nascent means of exposure. With Wall Street’s books heavily oversubscribed ahead of Friday’s historic liftoff, the industry is enabling investors to speculate on the firm’s $1.75 trillion debut in a variety of ways. Those options include wagers on prediction markets, bets made via perpetual futures, and the purchase of synthetic assets designed to mirror the performance of Elon Musk’s rocket-maker.