Pre-IPO SpaceX Market Opens with Billion-Dollar Valuation Bets
Trade.xyz has launched the first onchain perpetual futures contract tied to SpaceX, allowing crypto traders to speculate on the company’s future IPO valuation through Hyperliquid. The new SPCX-USDC market opened with a reference valuation of roughly $1.78 trillion based on estimated fully diluted shares. Trading activity quickly intensified, with the contract surging from its initial price and briefly implying a valuation above $2.5 trillion before stabilizing lower.
The launch marks another step toward onchain price discovery for major private companies ahead of public listings. Strong early trading volume and rising open interest highlighted growing demand for crypto-native exposure to pre-IPO markets.
Pre-IPO SpaceX Market Opens with Billion-Dollar Valuation Bets
Trade.xyz has launched the first onchain perpetual futures contract tied to SpaceX, allowing crypto traders to speculate on the company’s future IPO valuation through Hyperliquid. The new SPCX-USDC market opened with a reference valuation of roughly $1.78 trillion based on estimated fully diluted shares. Trading activity quickly intensified, with the contract surging from its initial price and briefly implying a valuation above $2.5 trillion before stabilizing lower.
The launch marks another step toward onchain price discovery for major private companies ahead of public listings. Strong early trading volume and rising open interest highlighted growing demand for crypto-native exposure to pre-IPO markets.
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