SpaceX IPO Priced at $135 as Hyperliquid Market Shows $177

SpaceX has priced what Decrypt described as the largest IPO ever at $135 per share. Ahead of the market open, Hyperliquid showed SpaceX trading at $177 a share, implying a notably higher level than the IPO price.

The development matters because the spread between the IPO price and Hyperliquid's trading level gives readers a live snapshot of market expectations before regular trading begins. If the stock were to open near that level, it would represent a roughly 30% move above the IPO price.

For crypto market participants, the mention of Hyperliquid is also notable because it shows how on-chain or crypto-native trading venues can become part of the conversation around major public market listings. The source does not establish whether that trading level will match the eventual opening price.

The key question is whether the indicated premium on Hyperliquid will carry into the official market open. Until trading begins, the $177 level should be treated as an early market signal rather than a confirmed public-market price.

The IPO price, the Hyperliquid level, and the possible opening move are the central facts for now. Investors and readers should watch the actual open for confirmation rather than assuming the pre-open indication will hold.