Hyperliquid bets price SpaceX above $2 trillion ahead of a potential IPO — eclipsing Tesla's market cap!

Prediction markets on Hyperliquid are pricing a SpaceX IPO above the $2 trillion mark, which would make Elon Musk's rocket and satellite company more valuable than Tesla at current levels. The implied valuation is drawing attention not just for its sheer size, but for what it means for Bitcoin's footprint in public equities.

SpaceX holds Bitcoin, but it remains a minor line item relative to the company's overall balance sheet — far less prominent than MicroStrategy's treasury strategy or even Tesla's past BTC exposure. A $2 trillion listing would still shift how institutional investors account for Bitcoin-adjacent equity risk, even if SpaceX is never a true Bitcoin proxy.

The broader read: as mega-cap tech and aerospace companies carry even fractional BTC positions onto public markets, the aggregate exposure embedded in index funds quietly grows — a structural tailwind that doesn't…