SpaceX shares have just open at $150, just 11% above the targeted $135 dollar but below the initially indicated $171 mark.

The stock immediately jumped 12% to establish an intra-day high of $168.40 as of this writing.

When trading opened at $150 and shares rallied as high as the $168 range (up nearly 20%+ intraday from $135), SpaceX’s market cap exceeded $2 trillion, lifting Musk’s SpaceX portion above $1 trillion and his total net worth estimates to $1.3 trillion or more.

However, these figures represent paper wealth subject to lock-up restrictions, market volatility, and adjustments for illiquidity.

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The following section was published immediately after the public listing

SpaceX debuts on Nasdaq with strong indication at $171, 27% above $135 IPO price, pushing valuation toward $2.24 trillion.

The offering is said to have drawn over $250 billion institutional orders, bringing the total demand to about $350 billion in one of the most anticipated and largest market debuts ever.

SPCX Live on Nasdaq: SpaceX Finally Opens Shares for Public Trading

Shares are indicated to open at $171, representing an approximate 27% pop from the IPO price.

This would value the company at roughly $2.24 trillion on debut and make Elon Musk the world’s first trillionaire on paper.

The offering raised approximately $75 billion and gives the rocket and satellite giant a massive $1.77 trillion market capitalization from day one.

Elon Musk said when he launched SpaceX, he gave the company “less than a 10% chance” of succeeding.

Early indications pointed to a strong opening pop of 25-30% above the IPO price, which would push the stock toward $168–$175. The 27% score at $171 is not a mean feat.

This marks the public debut of the space economy’s dominant player, Starlink’s subscriber and revenue ramp, reusable rocket leadership, defense contracts, and AI/orbital upside now available to public investors.

Notably, the $171 opening falls significantly lower than veteran New York Stock Exchange floor trader Peter Tuchman predicted.

Prediction market bettors on Kalshi now see Elon Musk hitting a net worth of almost $1.5 trillion this year.

With tiny float, overwhelming demand from institutions and retail alike, and looming passive ETF/index buying, the debut shaped up as one of the most volatile and watched in market history.

Reportedly, about 70% of shares sold to institutions allocated to long-only investors and sovereign wealth funds.

Before trading starts, Nasdaq runs a price-discovery auction to match orders. No trades occur until supply and demand balance.

Major IPOs like Google and Meta often delayed over 2 hours.

Read Also:

• How Will the SpaceX IPO Impact Bitcoin Price? 5 Key Factors
• Fidelity Cuts SpaceX IPO Eligibility by 99%, But 5 Rules Could Cost You Access
• 6 Questions Investors Must Ask as Elon Musk Locks 100% SpaceX Shares Before IPO
• 3 Massive Things That Could Happen After SpaceX Goes Public in June 2026
• 5 Ways Crypto Markets Are Pricing SpaceX Before Wall Street Can
• 10 Surprising Facts About Elon Musk’s $1 Trillion SpaceX IPO

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Key Highlights

• Exodus Movement introduces tokenized asset trading through Ondo Finance collaboration

• Over 200 tokenized securities now accessible within Exodus wallet interface

• Ondo Finance provides underlying infrastructure for tokenized stock platform

• Exodus transitions from pure self-custody solution to comprehensive financial ecosystem

• Tokenized securities sector experiences significant growth as new players join

Exodus Movement has unveiled Exodus Markets through a strategic collaboration with Ondo Finance, providing qualified customers with the ability to trade tokenized securities on Solana. This new offering enables access to over 200 tokenized equities, exchange-traded funds, and real-world assets directly within the Exodus application. This strategic expansion positions Exodus beyond traditional wallet functionality and deepens its involvement in the tokenized financial sector.

Tokenized Securities Trading Integrated Into Exodus Wallet

Through Exodus Markets, customers can purchase and sell tokenized equity products without leaving their non-custodial wallet interface. The system leverages Solana’s blockchain infrastructure for transaction settlement and interfaces with Ondo Finance‘s tokenized asset ecosystem. Consequently, Exodus now consolidates trading capabilities, payment processing, transfer functionality, rewards programs, and financial management within a unified application.

The initial release encompasses over 200 tokenized instruments, spanning equities, ETFs, and real-world asset categories. The platform also features tokenized EXOD shares for customers in approved jurisdictions, contingent upon local regulatory frameworks. Access to these products remains subject to jurisdictional compliance requirements and individual user qualification criteria.

According to Exodus, integrating tokenized stock capabilities provides customers with enhanced market participation without exiting their familiar wallet interface. The organization seeks to simplify access to conventional financial instruments through blockchain-based infrastructure. This product offering reinforces the company’s evolution from a wallet service provider toward a comprehensive financial services platform.

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Ondo Finance Collaboration Enables Tokenized Asset Access on Solana

Ondo Finance supplies the foundational tokenized asset architecture powering the Exodus Markets platform. This collaboration delivers tokenized equity products to Exodus customers through infrastructure specifically designed for real-world asset tokenization. Furthermore, this integration embeds Ondo’s product suite within an established self-custodial wallet serving a substantial user base.

Established in 2015, Exodus developed its reputation centered on self-custody principles and straightforward cryptocurrency access. The organization subsequently pursued a public listing on NYSE American under the ticker symbol EXOD. Notably, Exodus distinguished itself as among the earliest publicly traded entities to tokenize its own equity securities in 2021.

This pioneering background establishes Exodus’s authentic connection to the tokenized securities ecosystem it now facilitates for users. Having already implemented tokenization for its corporate equity distribution, the company applies this experience to its latest blockchain-based securities product offering.

Tokenized Securities Sector Experiences Accelerated Growth

This product debut arrives amid expanding interest in tokenized securities across both cryptocurrency and conventional finance sectors. Tokenized equities enable participants to obtain economic exposure to publicly traded shares through blockchain-native instruments. Nevertheless, these tokenized products do not confer direct ownership of the underlying securities themselves.

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Additionally, tokenized instruments do not grant traditional shareholder privileges, such as voting rights in corporate governance. Exodus emphasized that customers should recognize fundamental differences between tokenized equity products and conventional stock ownership. This clarification becomes increasingly relevant as additional platforms incorporate tokenized securities and ETF products into their offerings.

The overall tokenized equity sector has witnessed substantial expansion throughout the current year. According to data from The Block, the market achieved $5.5 billion in total capitalization by June 8. This valuation represented approximately 147% growth from the $2.23 billion recorded at the beginning of the year.

 

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Anthropic’s newest AI model, Claude Fable 5, predicts Spain will beat France in the 2026 World Cup final on July 19. The model gives its own pick just an 18% chance of success.

BeInCrypto ran several simulations with the model to assess its predictive capabilities, as the tournament kicked off this week with 48 teams for the first time. Fable 5 built its prediction from tournament structure, squad depth, and almost a century of hosting history.

Why the AI Starts With the Format, Not the Teams

The model’s first argument concerns structure rather than talent. The expanded tournament features 104 matches over 39 days across the US, Canada, and Mexico. A champion must now win 8 matches instead of 7.

According to Fable 5, that extra knockout round changes the math. More matches mean more fatigue, more rotation, and more exposure to a single bad night. The model, therefore, weights squad depth and system reliability above peak individual talent.

Playing conditions form the second pillar. Venues such as Dallas, Houston, Miami, and Monterrey bring intense summer heat. Mexico City adds altitude, and travel distances exceed any previous edition.

“Spain’s positional game is an energy-conservation system. Teams that hold the ball rest on it, while teams that chase it suffer most in North American heat,” Claude Fable 5, said.

The Case for Spain Over France

The model cites 3 reasons for backing Spain. First, La Roja proved their system under maximum pressure at Euro 2024. They beat Croatia, Italy, Germany, France, and England in a single tournament and won every match.

Second, the age curve favors them. Lamine Yamal turns 19 during the tournament, while Pedri and Nico Williams are 23. Rivals must instead manage decline, with Lionel Messi at 38, Cristiano Ronaldo at 41, and Harry Kane at 32.

Third, Spain carries no single point of failure. France without Kylian Mbappé becomes a different team. Spain’s output stays systemic, so losing any one attacker changes little.

France still reaches the final in the AI’s bracket. Two consecutive finals give Les Bleus the strongest recent track record in international football. 

However, the model argues Didier Deschamps wins through risk minimization, producing tight knockout games decided by fine margins. Over 8 matches, Fable 5 expects that approach to fall one moment short against a side that dominates possession.

Argentina, England, and the Dark Horses

The model places Argentina and England in the semifinals. It rules out a title defense because no champion has repeated since Brazil in 1962. Winning squads age together, opponents study 4 years of film, and Messi’s minutes become an unsolved problem across a 39-day schedule.

England carries elite talent, but a structural question. Thomas Tuchel faces his first international tournament, and debut managers historically underperform their squad’s paper quality. The AI sees England losing a Euro 2024 semifinal to Spain in a rerun.

Brazil ranks as the most dangerous outsider thanks to Carlo Ancelotti’s knockout pedigree. Portugal follows if Ronaldo accepts a reduced role, while Morocco’s 2022 semifinal run gets labeled repeatable rather than a fluke.

Norway’s bench depth concerns the model despite Erling Haaland’s scoring power.

For the Golden Boot, Fable 5 picks Mbappé over Haaland. Norway’s likely ceiling caps Haaland near 5 matches, while Mbappé projects for 8 plus penalty duty.

The Model Argues Against Its Own Pick

Fable 5 then attacks its own forecast. Spain exited in the round of 16 in both 2018 and 2022 and fell at the group stage in 2014. Favorites win World Cups far less often than fans assume.

History adds a harder objection. Across 21 previous editions, Germany in 2014 remains the only European champion crowned in the Americas.

Every other tournament hosted there ended in a South American side winning. The model consciously overrides that pattern, arguing modern travel and conditioning have erased the old geographic penalty.

Its full probability table reads Spain at 18%, France at 14%, Argentina at 11%, England at 10%, Brazil at 8%, and Portugal at 7%.

“My own pick is 82% likely to be wrong. That is what a 48-team knockout tournament looks like. Any AI claiming certainty about a World Cup winner is performing, not predicting,” the AI added.

Goldman Sachs and Prediction Markets Back the Same Final

Wall Street reached a similar conclusion on Friday. Goldman Sachs published World Cup probabilities in a report led by Jan Hatzius, the bank’s chief economist and head of Global Investment Research.

Goldman’s model puts Spain first at 26%, ahead of France at 19% and Argentina at 14%. The bank weighs historical performance, scoring talent, momentum, geography, and other variables.

Its analysts also flagged a “winner’s slump,” cautioning that Argentina may underperform after lifting the 2022 trophy.

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Crypto-native prediction markets price the race much more tightly. On Polymarket, Spain leads at 17%, followed by France at 16%, Portugal at 11%, England at 10%, and Argentina and Brazil at 9% each. 

Kalshi traders show a narrower gap. Spain trades at 17.7% on the regulated exchange, with France at 17.1% and rising. England and Portugal sit level at 10.8%, ahead of Argentina at 8.9% and Brazil at 8.5%.

The forecasts agree on the final but split on conviction. Goldman’s model shows the most confidence in Spain at 26%, while traders on both venues price a coin flip with France. Fable 5’s 18% lands almost exactly on the market price. 

The clearest divergence is Portugal, which traders rate at 11% compared to the AI’s 7%. The 7 remaining knockout rounds will reveal whether bank models, AI reasoning, or crowd-priced markets read this World Cup best.

Disclaimer: The predictions in this article were generated by Anthropic’s Claude Fable 5 AI model and reflect probabilistic estimates, not certainties. This content is for informational purposes only and does not constitute betting or financial advice.

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The post Anthropic’s Claude Fable Picks Its 2026 FIFA World Cup Champion appeared first on BeInCrypto.

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TLDR

• SpaceX set its IPO offering at $135 per share, securing capital at a $1.77 trillion market cap — establishing the largest public offering in global history.
• Shares are tracking to debut at $175 on Friday, approximately 30% higher than the offering price.
• Oppenheimer launched coverage with an “outperform” designation and $190 price objective; New Street Research established a $165 target.
• The company recorded a $4.94 billion net deficit in 2025 following its xAI combination, contrasting with a $791 million gain in 2024.
• Morningstar assigns a fair value of merely $63 per share, labeling it excessively priced, while prominent short seller Jim Chanos has challenged the $1.77 trillion assessment.

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SpaceX (SPCX) is poised to create a watershed moment on Friday, with indications showing shares opening at $175 — representing approximately 30% appreciation over the $135 offering price. This trajectory would elevate the aerospace manufacturer’s market capitalization to nearly $2.29 trillion before executing its initial public trade.

Many are asking why is SpaceX, $SPCX, NOT trading yet?

Here’s exactly how the IPO process works and when the shares will be available to trade (Bookmark this):

The IPO was quoted at 9:50 AM ET and was expected to begin trading at 10:00 AM ET, but that does NOT guarantee shares…

— The Kobeissi Letter (@KobeissiLetter) June 12, 2026

The public offering secured capital at a $1.77 trillion assessment after the company distributed 555.56 million shares priced at $135 apiece on Thursday. This positioning already places it beyond JPMorgan Chase, Berkshire Hathaway, Eli Lilly, Meta Platforms, and even Elon Musk’s electric vehicle manufacturer Tesla in market value.

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This represents the most substantial initial public offering on record. Saudi Aramco’s 2019 market debut generated $25.6 billion at a $1.71 trillion assessment. SpaceX has now eclipsed that benchmark.

Interest from individual investors exceeded $100 billion, based on Bloomberg reporting. BlackRock independently submitted a $5 billion institutional commitment, according to the Wall Street Journal. SpaceX additionally reserved 30% of shares for individual investors — a substantially greater portion than typical mega-cap offerings.

Starlink, the company’s orbital internet platform, contributed approximately 60% of SpaceX’s $18.67 billion in 2025 revenue. The service currently supports around 10.3 million subscribers through 9,600 satellites, delivering connectivity across 164 nations and territories.

Oppenheimer emerged as the first leading investment firm to publish analysis, assigning an “outperform” rating alongside a $190 valuation target. Analyst Timothy Horan characterized SpaceX as “the only vertically integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent.” New Street Research projected a 12-month objective of $165.

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The Bear Case

Not all market observers share the bullish sentiment. Morningstar calculates SPCX’s intrinsic value at $63 per share — representing a 53% markdown from the offering price. Its highest-probability scenario, weighted at just 7% likelihood, reaches only $154. Valuation authority Aswath Damodaran estimates the enterprise value at $1.22 trillion.

Renowned short seller Jim Chanos stated directly: “The company is not worth, in my opinion, $1.75 trillion based on any reasonable assumptions over the next five years.” He emphasized SpaceX commands approximately 90x sales, versus Tesla’s 14x ratio.

The financial statements support certain concerns. SpaceX generated a $4.94 billion net deficit in 2025 after finalizing its xAI combination, reversing a $791 million surplus in 2024. Revenue expanded 33% annually, yet profitability deteriorated significantly.

Governance and Index Inclusion

Elon Musk maintains an estimated 80–85% of voting authority. This configuration leaves public shareholders with minimal influence over corporate decisions — a framework attracting examination alongside the valuation controversy.

Regarding index membership, Nasdaq recently modified listing standards that might facilitate SPCX’s entrance into the Nasdaq 100. Nevertheless, S&P Global rejected making accommodations for expedited S&P 500 admission. This indicates automatic purchasing from passive index portfolios may materialize slower than certain market participants anticipate.

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Space-sector equities including AST SpaceMobile, Viasat, and Rocket Lab all declined in preliminary trading on Friday preceding SpaceX’s market entrance.

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Gary Gensler, the former chair of both the CFTC and the SEC, filed an amicus brief Thursday with the Sixth Circuit Court of Appeals arguing that sports-event prediction markets are not federally regulated swaps under Dodd-Frank. The brief sides with state regulators against Kalshi, one of the… Read the full story at The Defiant

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Ripple CEO Brad Garlinghouse has criticized JPMorgan Chase CEO Jamie Dimon over his recent remarks attacking the CLARITY ACT.

He reminded that Dimon has consistently dismissed the crypto industry for years while misrepresenting the purpose of the legislation.

Clash Over Crypto Regulation

Speaking during an interview with Fox Business host Maria Bartiromo, Garlinghouse responded directly to comments Dimon made earlier this month, where the banking executive accused Coinbase CEO Brian Armstrong of pushing the bill in Washington and claimed the proposed legislation weakens protections against money laundering and Bank Secrecy Act violations.

The Ripple exec said that Dimon was either intentionally trying to undermine support for the bill or misunderstanding what the legislation actually does.

“As much as we can talk about whether or not Brian Armstrong is representing the industry, he is not; he is representing Coinbase, and in certain ways he is going to look out for Coinbase’s best interest. But at the end of the day, I think what Jamie Dimon did was a disservice. He’s representing that this reduces compliance concerns, that it makes it easier to do bad things. That’s just not true. It’s either intentional misrepresentation or even negligent to try to make support for the Clarity Act go away.”

Even during his appearance at the Reagan National Economic Forum last month, Dimon said banks would not accept the current form of the bill and lashed out at Armstrong.

“He’s the only one, and he’s spending hundreds of millions of dollars in Washington on this thing. He’s full of shit.”

Economist Peter Schiff also slammed Dimon’s comments and said that stablecoin issuers should not face the same banking rules as traditional lenders. Despite being a longtime crypto critic, Schiff said that banks operate with FDIC insurance and risky lending practices, while fully backed stablecoins invested only in US Treasuries serve a legitimate purpose.

CLARITY Act Progress So Far

The CLARITY Act is moving through Congress but is facing growing opposition from major banks. The bill aims to clarify which US regulator oversees different types of cryptocurrencies by dividing responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It is designed to reduce confusion around crypto regulation in the United States.

After passing the House in 2025, the legislation advanced through the Senate Banking Committee last month, but it still faces additional debate in the full Senate. One of the major sticking points involves stablecoin yield provisions that banks argue could allow crypto firms to offer interest-like rewards without following the same regulatory requirements imposed on traditional financial institutions.

The post Ripple’s Garlinghouse Fires Back After Jamie Dimon Targets Coinbase and CLARITY ACT appeared first on CryptoPotato.

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The cryptocurrency market is feeling a bit shaky right now as several popular coins struggle to keep their prices up. Lately, well-known meme tokens like Dogecoin, Shiba Inu, and Pepe have hit a wall, facing tough resistance from sellers and showing signs of exhaustion. At the same time, newer projects like BlockDAG are capturing attention with unique launch events and strategic network updates.

With so many shifts happening at once, investors are closely watching chart patterns and market updates to figure out which project truly stands out as the best crypto to buy today.

1. BlockDAG (BDAG): Final Launch Offers Guaranteed Buyback at $0.05

An easy way to secure life-changing wealth has officially arrived with BlockDAG’s Final Launch event. The network has launched a massive strategy to buy back its coin supply directly from exchanges and user dashboards. This bold move is designed to strengthen the entire network and drive the project toward its ultimate goal of becoming a Top 50 global cryptocurrency. To clear up any confusion, the team has answered the most common FAQs, confirming that payouts will be sent as a single, lump-sum payment using secure USDT currency.

This historic event brings a huge profit opportunity for anyone ready to take quick action before the hard deadline on Monday at 6 PM UTC. Traders can buy BDAG coins right now at an incredibly low entry rate of just $0.00000044. Immediately after purchasing, buyers can use the live Direct Swap feature to lock in a guaranteed buyback sell price of $0.05 per coin. All coins registered during this flash launch will remain fully eligible for this massive penny payout all the way until October 1, 2026.

By exploiting this massive price gap between the cheap purchase cost and the premium $0.05 payout, smart traders can instantly multiply their digital wealth. The platform is seeing a massive rush of global activity as the Monday evening deadline draws closer by the minute. By combining a secure USDT cash-out guarantee, clear FAQ answers, and an unmatched profit loop, BlockDAG (BDAG) emerges as the best crypto to buy today.

2. Dogecoin (DOGE): Scrypt Network Faces Key Resistance

Dogecoin operates as an open-source, peer-to-peer cryptocurrency built on Scrypt technology, functioning primarily as a decentralized digital medium for tipping and fast online transactions. Despite its structural stability, its inflationary nature means millions of new coins are minted daily, limiting its long-term scarcity. When hunting for volatile meme assets, some speculative investors still search lists of the best cryptos to buy today to gauge their potential.

Currently, DOGE is facing rejection near its $0.088 daily resistance level, trading lower around $0.086 with a weakened RSI of 31. This negative trend could trigger a drop back to its yearly low of $0.077, proving that its heavy dependence on social sentiment remains a notable drawback.

3. Shiba Inu (SHIB): Layer-2 Token Faces Deep Correction

Shiba Inu was created as an Ethereum-based ERC-20 alternative to Dogecoin, expanding its technical ecosystem through ShibaSwap, decentralized governance, and the Shibarium Layer-2 scaling network designed to lower transaction fees. It functions as a utility token within its own evolving decentralized application platform. While these development milestones frequently land the asset on lists of the best cryptos to buy today, its massive circulating supply heavily dilutes its per-token value.

Recent market movements show SHIB trading down at $0.0000046, locked below its key resistance point of $0.0000050. Facing bearish momentum indicators, its primary drawback remains the big risk of a further slide toward $0.0000043 if sellers maintain control.

4. Pepe (PEPE): Token-Burning Scarcity

Pepe is a deflationary meme token launched on the Ethereum blockchain as a tribute to the popular internet meme character. It features a redistribution system that rewards long-term stakers and employs a token-burning mechanism to maintain scarcity, functioning entirely as a speculative community asset without built-in utility. High-risk traders looking for rapid market swings sometimes review it alongside the best cryptos to buy today to catch sudden pumps.

However, current technical trends show PEPE trading down at $0.0000027 after dropping 18% over the week. Its exhaustion below the $0.0000033 support level highlights its biggest drawback: a complete lack of fundamental utility, leaving it prone to dropping to $0.0000025.

Final Say

While Dogecoin, Shiba Inu, and Pepe offer short-term excitement, they remain heavily exposed to severe market corrections, limited utility, and intense selling pressure. On the flip side, BlockDAG provides a refreshing alternative through its official Final Launch event. By offering an incredibly low entry price of just $0.00000044 alongside a guaranteed $0.05 buyback strategy, the network completely shields its community from typical crypto volatility.

By removing the guesswork that plagues hype-driven tokens, BlockDAG successfully minimizes risk while maximizing long-term investor value. For those seeking sustainable financial growth and predictable returns in a shaky market, BlockDAG effortlessly establishes itself as the best crypto to buy today.

The post 4 Best Cryptos to Buy Today That Could Turn a Small Investment Into Millions: BDAG, DOGE, SHIB, & PEPE! appeared first on Blockonomi.

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The Commodity Futures Trading Commission filed suit Thursday in federal court against New Mexico, seeking to prevent the state from applying its gaming laws to CFTC-registered prediction-market exchanges. The CFTC's complaint seeks a declaratory judgment that federal law grants the agency exclusive… Read the full story at The Defiant

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