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How to Value the Future of Human Civilization? SpaceX On-Chain Pricing Significantly Higher Than Traditional Financial Institutions

1 hours ago

On May 18, reports confirmed Elon Musk’s SpaceX is in the final preparation stages for its Nasdaq debut, with a potential pricing date as early as June 11 and an official listing set for June 12. Musk has made clear he will not sell any personal shares in the company, retaining full control via SpaceX’s super-voting share structure. Earlier this year, Musk outlined SpaceX’s core mission at the World Economic Forum: “Our goal in founding SpaceX is to safeguard the future of human civilization—ensuring consciousness never fades. We’re like a tiny candle in the vast dark, working to extend life and consciousness beyond Earth: to the Moon, Mars, and eventually other galaxies.” He emphasized that consciousness and life are fragile, and humanity has no proof of extraterrestrial life, so life is almost certainly unique to our planet. That makes multiplanetary survival non-negotiable: if disaster strikes Earth, humanity and its consciousness can keep thriving. That’s SpaceX’s entire purpose. When it comes to valuing this “future of human civilization,” leading firms have released forecasts: Cathie Wood’s ARK Invest pegs SpaceX’s IPO at $17.5 trillion, projecting long-term growth to roughly $25 trillion by 2030, backed by Starlink, launch services, and its upcoming xAI merger—a number ARK calls credible. Independent research firm Morningstar values SpaceX at $15 trillion, noting the company is high-risk but its valuation isn’t unreasonable; it hinges heavily on Starship’s on-time commercialization and Starlink’s long-term growth. Private equity giant PitchBook puts its fair value at $11 trillion to $17 trillion: based on future potential of Starship and new business lines (not current financials), that’s a 95x multiple of projected 2025 revenue. PitchBook says $15 trillion is near the upper limit of reasonable valuation, given SpaceX’s unique monopoly position and non-traditional fundamentals. Meanwhile, Hyperliquid ecosystem trading platform trade.xyz has launched pre-IPO trading for SpaceX as of press time. Its token (ticker: SPCX) trades at $207, implying a $24.6 trillion valuation—far higher than traditional analysts’ estimates. PolyBeats monitoring shows there’s a 71% chance SpaceX’s first-day closing market value will exceed $2 trillion. The on-chain market is far more bullish than traditional institutions, betting on a strong IPO performance, and echoing the core sentiment: “The future of human civilization is priceless.”
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Preview: NVIDIA to Release First Quarter Financial Results this Week, Revenue Beats Expectations Solidly

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A certain whale bought 5,001 ETH in the past 2 hours, worth approximately $10.6 million.

May 18: According to on-chain analyst Ai Auntie (@ai_9684xtpa), address 0x54d…e6029 purchased 5,001 ETH (approximately $10.6 million) via Cowswap over the past two hours, at an average price of $2,119.29. This address previously locked in a profit of more than $1.085 million from buy-low, sell-high ETH trades.

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The U.S. Bitcoin ATM operator Bitcoin Depot has announced bankruptcy and delisting.

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Capital B has increased its holdings by 192 bitcoins, bringing its total holdings to 3,135 BTC.

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Hyperliquid's two major liquidity providers simultaneously withdraw BTC liquidity supply, with Wintermute and Auros Global collectively offloading nearly $100 million in positions

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South Korea's Financial Services Commission is reviewing whether K Bank's indirect ownership of approximately 6.55% of Dunamu shares constitutes a violation.

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