s Key Takeaways 

• SpaceX’s IPO raised a record $85.7 billion.

• Crypto traders are betting on a valuation of multi-trillions.

• Analysts remain cautious despite the rally.

Crypto traders are betting that Elon Musk’s SpaceX could be worth as much as $3 trillion within weeks of its stock market debut, as the company’s record-breaking initial public offering continues to fuel speculation over how far the rally can run.

Record SpaceX IPO Raises $85.7B

SpaceX joined the Nasdaq on June 12 after raising $75 billion in its initial share sale.

The company later disclosed that underwriters exercised an overallotment, or “greenshoe,” option, increasing total proceeds to $85.7 billion.

This allowed banks involved in…