Rungdevnet

Where would you own it?

Share on X
Market implied
$1.5421T
PreStocks mark
$1.9956T
Market vs mark
−22.72%
Capital’s median floor
$1.3T
−16% vs market

No longer listed on PreStocks. PreStocks has stopped publishing SpaceX, so the valuations here are the last Rung read from it, on 20 September 2026, not live. Its devnet market stays open so the capital already on it can still be taken, exercised, settled and withdrawn.

Devnet demo. PreStocks exist only on mainnet, so the token escrowed here is a mock with the real mint’s 5 scaled-amount multiplier and a 1% transfer fee.

Capital committed to buy

Market trades at $1.54T
$1.5T
$115.00
1 wallet holds 100%
$1.4T
$450.00
1 wallet holds 66%
$1.3T
$435.00
1 wallet holds 67%
$1.2T
$410.00
1 wallet holds 74%
$1.1T
$150.00
1 wallet holds 100%
$1.0T
$115.00
1 wallet holds 100%

Capital committed at each level — not an estimate of what the company is worth. Premium and expiry both affect willingness independently of conviction, and a single wallet can dominate a band, so concentration is shown rather than hidden.

This curve and its median floor are open data: /api/curve/SPACEX (JSON, free to use).

Capital on the book

SpaceX, over time. On offer is capital a holder could take right now; in force is protection already bought and still running.

On offerIn force

Matched to date

Every dollar of capital a holder has taken, cumulatively, for $6.81 of premium paid.

$1.5T$115.00$5.12 premium0m to expiryF3RJ…EANt
$1.4T$295.00$11.18 premium21d to expiry3LRd…fSvP
$1.4T$155.00$6.99 premium6d to expiryFRhY…B6Qy
$1.3T$145.00$4.84 premium36d to expiryE6mU…si7p
$1.3T$290.00$8.98 premium6d to expiryESAw…cAFH
$1.2T$305.00$7.71 premium6d to expiry23cs…eiSB
$1.2T$105.00$2.61 premium36d to expiry4R7G…poD4
$1.1T$150.00$2.90 premium6d to expiry4Kx5…kzb1
$1.0T$115.00$2.11 premium6d to expiry64j3…LqW3

Commit at a valuation

Expiry
Reality check
Target valuation$1.2T
vs market−22.18%
vs mark−39.87%
Fixed strike$91.5272
PreStock if exercised1.09257163
USDC locked$100.00
Premium received$4.60
Premium / collateral+4.60%
Transfer fee, round trip+1.99%

The strike is fixed at creation. If SPACEX’s valuation changes afterwards, this agreement does not change with it. The round-trip transfer fee is charged by the mint, not by Rung, and is not refunded.

Commit across a range

Put up a curve rather than a point: one amount, split across every valuation in a range, each rung its own commitment. Holders can take any rung or a slice of it.

$1.3T$40.00$99.15/token
$1.2T$80.00$91.53/token
$1.1T$120.00$83.90/token
$1.0T$160.00$76.27/token
Premium if every rung is taken$16.00

Collateral, honestly

  • Issuer holds permanent delegate (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc) and can move escrowed tokens out of the vault.
  • Issuer holds freeze authority (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc) and can freeze the vault account.
  • Issuer (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc) can attach a transfer hook at any time. If it does, Rung stops taking new positions and matched ones cannot settle until the program is upgraded.
  • 1% transfer fee applies on entry and on payout.
Read the limitations →
Mint PreANx…rHsfTh ↗