This market will resolve to “Yes” if the official closing price for SpaceX’s market capitalization on its first trading day is above the value specified in the title. Otherwise, it will resolve to “No”.

If no IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to “No”.

Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on SpaceX’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading.

>$1T

>$1.2T

>$1.4T

SpaceX IPO closing market cap above ___ ?

This market will resolve to "Yes" if SpaceX's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and June 30, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period.

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-5bc8aa2b-22b5-48cc-b54a-1310145b0a86/data?return_url=https://polymarket.com/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

This market will resolve to "Yes" if SpaceX's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and June 30, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period.

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-5bc8aa2b-22b5-48cc-b54a-1310145b0a86/data). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

↑$1.5T

↑$1.6T

↑$1.75T

Will SpaceX's valuation hit __ by June 30?

This market will resolve according to the public ticker symbol used by SpaceX in an IPO (Initial Public Offering) by December 31, 2027, 11:59 PM ET.

An official announcement from SpaceX that they will IPO under a specific ticker symbol will be sufficient to resolve this market.

If a ticker used by SpaceX in a qualifying IPO is a variant of a ticker symbol listed in this market group with additional letters to denote a specific class of shares, it will be considered to be that ticker (e.g. if SpaceX uses a ticker symbol of $MARS.A or $MARSA, this market will resolve to $MARS).

If SpaceX announces an IPO with multiple tickers that are not considered the same ticker under the previous rule (i.e. $MARS.A and $MARS.B would be considered the same ticker), this market will remain open until SpaceX’s first day of public trading and will resolve according to the ticker symbolizing the security class with the greatest market capitalization. Market capitalization is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day. If this also results in a tie, this market will resolve according to the ticker symbol that comes first in alphabetical order.

If SpaceX IPOs with a non-listed ticker, or does not IPO or officially announce an IPO and ticker symbol by December 31, 2027, 11:59 PM ET, this market will resolve to “Other.”

The primary resolution source for this market will be official information from SpaceX and the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

Note: In the event of an interruption in the course of the normal trading session on SpaceX’s first day of trading (e.g., a circuit breaker or half-day), the market will use the official closing price of the abbreviated session. If no such official closing price is published, the market will use the closing price on the next trading day for which an official closing price is published, treating that as the first day of trading for purposes of this market.

Other (incl $SPCX)

$SEX

What will SpaceX's public ticker be?

This market will resolve to the company that achieves the highest market capitalization in U.S. dollars based on the official closing price on its first trading day in 2026.

This market will resolve to a company that completes an Initial Public Offering (IPO) between January 1 and December 31, 2026, 11:59 PM ET.

Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day.

If two or more companies have exactly equal highest closing market capitalizations, this market will resolve to the company whose listed name comes first alphabetically.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In case the respective company's primary exchange’s official listing page does not report in U.S. dollars, it will be converted to U.S. dollars using the U.S. Federal Reserve Board’s H.10 foreign exchange reference rate for the relevant currency pair on the company’s first trading day (https://www.federalreserve.gov/releases/h10/). If no such rate is available for the relevant trading day, the most recent previously published rate will be used. If the relevant currency is not listed, another credible exchange rate source will be used.

A listed company may resolve to "No" as soon as it becomes unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded.

In the event of an interruption in the course of the normal trading session on the respective companies’ first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

SpaceX

Anthropic

OpenAI

Largest IPO by market cap in 2026?

This market will resolve to "Yes" if SpaceX (Space Exploration Technologies Corp.) completes an Initial Public Offering (IPO) by the listed date ET, as confirmed by official company announcements and credible news sources. Otherwise, this market will resolve to "No."

The IPO refers to the first sale of stock by the listed company to the public on any recognized stock exchange.

If SpaceX is acquired by another company that is already public, this market will immediately resolve to "No."

The resolution source for this market is a consensus of credible reporting.

December 31

September 30

August 31

SpaceX IPO by ___ ?

This market will resolve according to the bank that serves as the lead underwriter in the initial public offering of SpaceX.

If no IPO occurs by December 31, 2027, 11:59 PM ET, or SpaceX completes an initial public offering without a designated lead underwriter, this market will resolve to “Other.”

If multiple banks are identified as lead underwriters, this market will resolve according to the primary lead underwriter. If the hierarchy between them is unclear, this market will resolve once it is conclusively evident which bank is the primary lead underwriter, for example, through the order in which the banks are listed in the underwriting section of SpaceX’s final initial public offering prospectus, once released.

The primary resolution source for this market will be official disclosures from SpaceX. A consensus of credible reporting may also be used.

Goldman Sachs

Morgan Stanley

Citigroup

Lead Bank in SpaceX’s IPO?

This market will resolve based on SpaceX's market capitalization at the closing price on its first day of trading.

If no SpaceX IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO before 2028".

Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.

If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on SpaceX’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

2.0T+

1.8T–2.0T

1.6T–1.8T

SpaceX IPO Closing Market Cap (Lower Strikes)

This market will resolve to the listed company with the larger valuation, as measured by the final NPM Price reported by Nasdaq Private Market, LLC (NPM) and the official closing price for the public company, for June 30, 2026.

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for the specified date by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the latest data available.

If NPM ceases publishing relevant data prior to the specified date, this market will resolve based on the NPM data published prior to the cessation of coverage, as well as applicable public market capitalization data following an IPO or direct listing.

If the private company completes an IPO or direct listing before the specified date, this market will resolve according to the company's public market capitalization at the market close of the specified date or the most recent trading day.

Public market capitalization will be determined using the final official regular-hours trading price published for the company's primary listed common equity on its primary exchange for the specified date or the most recent trading day, multiplied by the company's total outstanding common shares at the relevant time.

If a listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If a listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only the NPM valuation and applicable public market capitalization achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for the private company is NPM data published here (https://fe.secondmarket.com/companies/company-5bc8aa2b-22b5-48cc-b54a-1310145b0a86/data?return_url=https://polymarket.com/finance/privates. The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

If SpaceX's valuation is equal to Tesla's public market capitalization at resolution, this market will resolve to 50-50.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

SpaceX vs Tesla - higher valuation on June 30?

900B–1T

800B–900B

SpaceX IPO Closing Market Cap (Lowest Strikes)

This market will resolve based on the calendar month (ET) in 2026 in which SpaceX’s initial public offering (IPO) occurs.

If no IPO occurs by December 31, 2026, 11:59 PM ET, the market will resolve to "No IPO before 2027".

Announcements, filings, or scheduling of an IPO will not suffice; this market will resolve after public trading has begun.

Resolution will be based on information from the primary exchange.

June

July

No IPO before 2027

In which month will SpaceX IPO?

This market will resolve based on the date, in Eastern Time, that SpaceX launches its Initial Public Offering (IPO).

For the purposes of this market, an IPO refers to the first public sale of shares by the listed company on a recognized stock exchange.

The primary resolution source for this market will be the official listing page of the relevant exchange, though a consensus of credible reporting may also be used.

June 12

June 16

June 23

SpaceX IPO Date

This market will resolve to "Yes" if it is officially announced that Cursor will be, has been, or is being acquired by or merged with SpaceX, by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Mergers or acquisitions involving Cursor or its parent company (if applicable), and SpaceX or its parent company, Space Exploration Technologies Corp., will qualify.

An announcement by Cursor or SpaceX within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs.

Announcements of partial sales may count, as long as the acquiring company acquires a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count.

The primary resolution source for this market will be official information from Cursor and SpaceX; however, a consensus of credible reporting may also be used.

Will SpaceX acquire Cursor?

This market will resolve to "Yes" if it is officially announced that Tesla, Inc. will be, has been, or is being acquired by or merged with SpaceX, or vice versa, by the listed date, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

An announcement by Tesla or SpaceX within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs.

Announcements of partial sales may count, as long as the acquiring company acquires a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count.

The primary resolution source for this market will be official information from Tesla or SpaceX; however, a consensus of credible reporting may also be used.

This market will resolve to "Yes" if it is officially announced that Tesla, Inc. will be, has been, or is being acquired by or merged with SpaceX, or vice versa, by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

An announcement by Tesla or SpaceX within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs.

Announcements of partial sales may count, as long as the acquiring company acquires a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count.

The primary resolution source for this market will be official information from Tesla or SpaceX; however, a consensus of credible reporting may also be used.

This market will resolve to "Yes" if it is officially announced that Tesla, Inc. will be, has been, or is being acquired by or merged with SpaceX, or vice versa, by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

An announcement by Tesla or SpaceX within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs.

Announcements of partial sales may count, as long as the acquiring company acquires a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count.

The primary resolution source for this market will be official information from Tesla or SpaceX; however, a consensus of credible reporting may also be used.

June 30

Tesla and SpaceX merger officially announced by...?

This market will resolve according to the number of SpaceX Starship launches successfully reaching an altitude of 62 miles above sea level between January 1, 2026, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A successful launch is defined as the Starship taking off from its launchpad and reaching a minimum altitude of 62 miles above sea level. Any subsequent anomaly (e.g., an explosion) after the vehicle reaches 62 miles will have no bearing on the outcome.

The primary resolution source for this market will be SpaceX’s official video feed of the launches (e.g., via SpaceX YouTube Channel), as well as secondary video feeds or written reports if necessary. However, a consensus of credible reporting may also be used.

How many SpaceX Starship launches

How many SpaceX Starship launches reach space in 2026?

This market will resolve to “Yes” if Google LLC and SpaceX officially announce an agreement related to launching, developing, operating, or partnering on orbital data centers or orbital computing infrastructure by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Qualifying agreements include launch agreements, strategic partnerships, joint ventures, infrastructure agreements, or other formal commercial arrangements directly related to orbital data centers or space-based computing infrastructure.

Announcements by Google, SpaceX, Alphabet Inc., or their authorized representatives will qualify, regardless of whether the agreement has closed, been fully executed, or entered into force.

Non-binding discussions, reports of negotiations, rumors, exploratory talks, or agreements unrelated to orbital data centers or orbital computing infrastructure will not qualify.

The primary resolution source for this market will be official statements from Google, Alphabet, or SpaceX, however a consensus of credible reporting may also be used.

Google x SpaceX agree to put data centers in space by June 30?

If the Doge-1 12U Lunar Cube satellite successfully launches from its launch pad by December 31, 2026, 11:59 PM ET, this market will resolve to “Yes”. Otherwise, this market will resolve to “No.”

The outcome of any launch will be corroborated by examining official video provided by SpaceX (https://www.youtube.com/c/SpaceX), as well as secondary video feeds and/or written reports if necessary.

Any subsequent anomaly (e.g., an explosion) after the launch will have no bearing on the outcome. Any name change of the satellite with another vehicle will have no bearing on the outcome of the market.

Will the Doge-1 Lunar Mission launch before 2027?

This market will resolve to "Yes" if a natural meteoroid (bolide) explodes in Earth's atmosphere with a total impact energy greater than or equal to 5 kilotons of TNT equivalent between January 1 and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The object must be classified as a natural meteoroid; events involving artificial objects or reentry vehicles do not qualify.

The primary resolution source will be the NASA JPL Fireball and Bolide Data repository: https://cneos.jpl.nasa.gov/fireballs/. The relevant field for determining impact energy is the “Impact Energy (kt)” column. If this dataset has not been updated to include all relevant dates by February 28, 2027, or if the NASA JPL Fireball and Bolide Data repository becomes permanently unavailable, this market may resolve based on a consensus of credible sources including the European Space Agency (ESA), the International Asteroid Warning Network (IAWN), the U.S. Department of Defense, or credible reporting of a scientific consensus, such as a NASA press release.

5kt meteor strike

5kt meteor strike in 2026?

This market will resolve to "SpaceX" if SpaceX (Space Exploration Technologies Corp.) completes an Initial Public Offering (IPO) before OpenAI completes an IPO by December 31, 2027, 11:59 PM ET, as confirmed by official company announcements and credible news sources. 

This market will resolve to "OpenAI" if OpenAI completes an Initial Public Offering (IPO) before SpaceX completes an IPO by December 31, 2027, 11:59 PM ET, as confirmed by official company announcements and credible news sources. 

This market will resolve 50-50 if:
- Neither SpaceX nor OpenAI completes an Initial Public Offering (IPO) by December 31, 2027, 11:59 PM ET;
- Both SpaceX and OpenAI complete an IPO on the same calendar date (ET); or
- By December 31, 2027, 11:59 PM ET, both companies become unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded.

The IPO refers to the first sale of stock by the listed company to the public on any recognized stock exchange.

The resolution source for this market is a consensus of credible reporting.

Will SpaceX or OpenAI IPO first?

This market will resolve to “Yes” if any orbital data center is successfully launched by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

“Orbital data center” refers to any spacecraft, satellite, or equivalent technology carrying computing infrastructure that is launched into Earth’s orbit for the purpose of providing data-center, cloud-computing, or artificial intelligence computing services and which includes at least 100 data-center-grade AI accelerators, GPUs, TPUs, or substantially equivalent compute processors, (e.g. NVIDIA H100 GPUs, Google TPUs, or equivalent or successor chips).

“Successfully launched” refers to any launch which successfully places a qualifying orbital data center into Earth’s orbit.

The primary resolution source for this market will be a consensus of credible reporting.

December 31, 2027

December 31, 2026

AI data center in space by...?

This market will resolve to “Yes” if all of the following conditions are met between January 1 and December 31, 2026, 11:59 PM ET:

- Elon Musk trillionaire
- Another Elon baby
- 9+ SpaceX Starship launches reach space

Otherwise, this market will resolve to “No”.

This market will remain open until it is confirmed that at least one of the above conditions has not been met, or until all of the above conditions have been met within the specified timeframe.

The full rules for this market can be found here: 
https://polymarket-upload.s3.us-east-2.amazonaws.com/Elon+Bull+Run+Parlay.pdf

Elon Bull Run Parlay

This market will resolve to "Yes" if a natural meteoroid (bolide) explodes in Earth's atmosphere with a total impact energy greater than or equal to 1 megaton (1000 kilotons) of TNT equivalent between January 1 and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The object must be classified as a natural meteoroid; events involving artificial objects or reentry vehicles do not qualify.

The primary resolution source will be the NASA JPL Fireball and Bolide Data repository: https://cneos.jpl.nasa.gov/fireballs/. The relevant field for determining impact energy is the “Impact Energy (kt)” column. If this dataset has not been updated to include all relevant dates by February 28, 2027, or if the NASA JPL Fireball and Bolide Data repository becomes permanently unavailable, this market may resolve based on a consensus of credible sources including the European Space Agency (ESA), the International Asteroid Warning Network (IAWN), the U.S. Department of Defense, or credible reporting of a scientific consensus, such as a NASA press release.

1 megaton meteor strike in 2026?

On February 28, Elon Musk posted that it was likely Starship would become fully reusable in 2025. You can see the X post here: https://x.com/elonmusk/status/1895598258225106984

This market will resolve to "Yes" if SpaceX or Elon Musk announces that Starship is fully reusable by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Note, this market refers to the Starship upper stage and does not require reusability for the Super-Heavy booster.

For this market to resolve to "Yes" it is not necessary that an actual reuse occur, only that SpaceX or Elon Musk announces that Starship is fully reusable by this market's resolution date.

The resolution source for this market is announcements by Elon Musk and SpaceX, or their official representatives.

Reusable SpaceX Starship

SpaceX Starship fully reusable before 2027?

This market will resolve according to the number of SpaceX launches between January 1, 2026, 12:00AM ET and December 31, 2026, 11:59PM ET.

If the reported total number of SpaceX launches falls exactly between two brackets, then this market will resolve to the higher range bracket.

The resolution source for this market will be https://www.spacex.com/launches.

140-159

160-179

180-199

How many SpaceX launches in 2026?

Investor Bill Ackman proposed on X that Elon Musk take SpaceX public through a merger with Pershing Square SPARC Holdings Ltd., a company founded and run by Ackman to innovatively transact public offerings through the use of Special Purpose Acquisition Rights or “SPARs” (see: https://x.com/BillAckman/status/2002484983123136990).

This market will resolve to “Yes” if either of the following conditions are met:

- An agreed merger or business combination deal between SpaceX and Pershing Square SPARC Holdings Ltd. is officially announced by December 31, 2026, 11:59 PM ET.
- An offering of “SPARs” to Tesla Shareholders or other individuals which represent a subscription warrant to purchase shares in a business combination of Pershing Square SPARC Holdings Ltd. and SpaceX is officially announced by December 31, 2026, 11:59 PM ET.

Otherwise, this market will resolve to “No”.

An official announcement of an agreed merger/combination of these two companies or a SPAR offering of subscription warrants to purchase shares in a combination of these companies will be sufficient to resolve this market, regardless of when the merger or SPAR offering actually occurs.

If SpaceX goes public through another means, (i.e. SpaceX IPOs through a typical listing of their shares on a public stock exchange), this market will resolve immediately to “No”

The primary resolution source for this market will be official company communications and/or regulatory filings from SpaceX and Pershing Square SPARC Holdings Ltd.; however, a consensus of credible reporting may also be used.