Polymarket and Other Decentralized Platforms See SpaceX Valued at $2 Trillion as IPO Nears

Polymarket operates a crypto-based prediction market where users trade contracts tied to outcomes in politics, economics, sports and other events. The platform gained prominence during U.S. elections, helping push prediction markets toward the financial mainstream and attracting institutional investors. Its next phase depends on expanding in the United States while navigating regulatory compliance, building deeper liquidity and converting heightened interest into durable trading activity.

As of Sept. 1, 2026, Polymarket was reportedly seeking about $1 billion in new funding at a post-money valuation of as much as $21 billion. 1789 Capital, an investment firm linked to Donald Trump Jr., plans to lead the round with roughly $300 million. Polymarket is expected to use the proceeds to expand its U.S. operations and strengthen market liquidity, though the financing terms have not been formally announced.

SpaceX built its lofty valuation through rocket launches, the Starlink satellite network and US aerospace contracts, and holds about $1.3 billion in bitcoin. Its Nasdaq listing gives investors their first opportunity to invest directly in Elon Musk’s space business. The scale of the offering could also reshape capital allocation across technology stocks and the space industry.

SpaceX began trading under the ticker SPCX on July 12 at a valuation of about $1.77 trillion, setting a global IPO record. Its average premarket price was about $174, and the shares surged 20% on their first day, briefly pushing its market capitalization above $2 trillion. Investors are now watching for the launch of options trading, potential fast-track admission to the Nasdaq-100, the company’s first earnings report and the expiration of its lock-up period.