Reports from CNBC, Decrypt and Cointelegraph said SpaceX shares drew intense interest around the company’s IPO, with synthetic SPCX pricing moving sharply higher in pre-market trading.
Decrypt reported that some crypto firms abandoned tokenized offerings tied to SpaceX shares after the IPO development, and that participants were refunded instead of receiving shares.
Decrypt also said SpaceX’s IPO was priced at $135 per share, while synthetic trading on Hyperliquid showed a higher valuation before the market opened.
Cointelegraph reported that a large trader opened a long position tied to SPCX as the synthetic price traded at a premium. CNBC said the listing was being tracked as a major IPO event.