Investing.com -- Crypto-based prediction market bettors are forecasting an enormous debut for SpaceX when the company eventually goes public, with markets implying a strong likelihood of a valuation above $1 trillion on its first trading day.

According to data from Polymarket, traders currently assign a 73% probability that SpaceX will achieve a market capitalization exceeding $2 trillion after its IPO debut. The market also suggests a 17% chance the company could surpass $3 trillion in value.

SpaceX on Wednesday unveiled its highly awaited filing for an initial public offering, disclosing billions in losses and unveiling a super-voting share structure that would enable Elon Musk to maintain control of the company. According to the filing, SpaceX reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter, compared to a net loss of $528 million on revenue of approximately $4 billion in the same period last year.

The company aims to raise up to $75 billion through the IPO. SpaceX is reportedly targeting a valuation above $1.5 trillion. If the company were to exceed a $2 trillion valuation, it would rank among the world’s most valuable companies, ahead of Meta Platforms and Tesla, which currently hold market capitalizations of roughly $1.5 trillion and $1.6 trillion respectively.

The market reflects growing optimism surrounding SpaceX’s dominant position in commercial launches, its rapidly expanding Starlink satellite internet business, and expectations that the company could become one of the most valuable firms in the world if it eventually enters public markets.