BUZZ-SpaceX trades at $180 on UK-based CMC derivatives platform

SpaceX

SpaceX

SPCX

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** Shares of SpaceX SPCX.O are valued at $180 in gray-market trading on UK-based CMC Markets' trading platform, well above Elon Musk's planned IPO price of $135

** Deriveratives platform CMC offers contracts letting traders speculate on SPCX's eventual valuation. Traders on CMC are not buying and selling real SPCX shares with voting rights

** SPCX has told banks in its $75 bln IPO ​that it is set on the $135-a-share price ‌that it disclosed on Wed in its amended IPO filing, sources told Reuters.

** Musk's $135/shr price values co at ~$1.75 trln, while CMC's $180 price would put SPCX at ~$2.3 trln

** On Polymarket, a market on SPCX's closing market cap on its first trading day shows 38% probability between $1.5 - $2.0 trln, and 40% probability bewteen $2.0 and $2.5 trln

** SPCX traded at ~$206 at end of May on CMC and has gradually declined since then


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