Binance Launches SpaceX Perpetual Futures Ahead of IPO
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- Binance introduced perpetual futures contracts linked to SpaceX’s anticipated IPO, allowing speculation on the company’s valuation without owning shares.
- SpaceX filed a confidential IPO with the SEC in April and could list as early as June, targeting a valuation above $1.75 trillion and raising up to $75 billion.
- Bitget launched IPO Prime, a pre‑IPO investment platform, debuting with a SpaceX‑linked offering called preSPAX that gives retail users economic exposure to the future listing.
- xStocks partnered with Fundrise to tokenise private‑share funds that include holdings in SpaceX, Anthropic, and Databricks, bringing them on‑chain.
- SpaceX holds 18,712 BTC at an average cost of $35,320 per coin, making it the seventh‑largest corporate Bitcoin holder, ahead of Coinbase’s 16,492 BTC.
Why it matters: Traders gain direct exposure to SpaceX’s valuation ahead of the IPO, while Binance captures new fee revenue; the offering also highlights crypto’s growing role in financing mega‑cap listings.
