SpaceX’s anticipated public debut is igniting intense speculation on social media and prediction markets, with traders wagering over its stock ticker and potential $1.75 trillion valuation.
On Polymarket, bets on the company’s listing details have surpassed $15.2 million in volume. Once seen as a 60% favorite, the odds of SpaceX securing the single-letter ticker “X” have dropped to 25%. That symbol became available after U.S. Steel’s delisting following its acquisition by Japan’s Nippon Steel.
Elon Musk already uses “X” for his social media platform, rebranded from Twitter in 2023. Meanwhile, Tuttle Capital Management CEO Matthew Tuttle has offered to sell the “SPCX” ticker-currently used for his firm’s ETF-to SpaceX.
Other rumored tickers include “SPAX” and the provocative “SEX,” though Polymarket users assign a 70% probability the company picks something else entirely.
If valued at $1.75 trillion, SpaceX would rank as the sixth-largest U.S. company by market cap, surpassing Tesla and Meta. Analysts suggest this could expand the elite “Magnificent Seven” tech group into a “Magnificent Eight” or “Super Eight.”
Musk is also reportedly considering allocating up to 30% of the IPO to retail investors-triple the typical share-leveraging his strong grassroots investor appeal.