SpaceX's multi-trillion dollar IPO could come flying apart if its Starship rocket does on its upcoming test flight.

Prediction market traders on Polymarket now assign a 92% probability that SpaceX completes its IPO by June 30, 2026, with a $1.5 trillion-plus valuation in play. That puts the Procure Space ETF (NYSEARCA:UFO) in an unusual spot for a $749 million niche fund.

Federal safety regulators are investigating the death of a worker at SpaceX’s Starbase complex that occurred just days before the company plans to launch its Starship rocket for the 12th time. The Occupational Safety and Health Administration confirmed Monday that it is investigating the death that happened early Friday at the private rocket plant and test facility outside Brownsville.

Darsana Capital Partners has nearly 60% of the money it manages in shares of Elon Musk’s rocket maker.

HYPE rallied above $48 on increased interest for pre-IPO SpaceX stocks, as Hyperliquid turned into one of the main venues for quick permissionless access to traditional assets.

The partnership’s 10-year operational forecast includes over $2 billion cumulatively in regional economic output by 2038 and $1 billion in earnings for local workers over the first decade of operations.

Nvidia said SpaceX was among the first companies evaluating the Vera CPU. ・SpaceXAI is evaluating Vera for reinforcement learning and simulation workloads for its AI training stack. ・SpaceX is reportedly targeting a June Nasdaq debut under the ticker SPCX at a valuation of $1.