Jun 8, 2026 3:10 PM

Traditional investment banks are obsolete at price discovery. Goldman Sachs priced the SpaceX IPO at $135, yet decentralized crypto traders are already valuing it up to 70% higher. We saw this with Cerebras: bankers set the price at $185, but on-chain markets predicted the $350 opening almost perfectly. Why trust "expert" bankers when unregulated synthetic markets are proving to be more accurate? Is the traditional IPO pricing model officially dead?
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