Binance has launched SpaceX pre-IPO perpetual futures contracts, becoming the first major crypto exchange to offer derivatives tied to SpaceX’s pre-public market valuation.
The move comes as SpaceX filed for its IPO this week under the ticker “SPCX,” with valuations reaching as high as $2 trillion. The perpetual contracts allow traders to gain exposure to SpaceX’s valuation before shares begin trading on public markets.
Binance said the product settles against private market valuation data, enabling users to go long or short without holding actual equity. Elon Musk stands to become the world’s first trillionaire if the IPO succeeds.