Retail traders gain early exposure to SpaceX’s anticipated Nasdaq debut via Binance’s new tether-settled perpetual contracts.
Binance has launched a SpaceX-linked pre-IPO perpetual futures contract, allowing retail investors to speculate on the company’s valuation ahead of its expected Nasdaq listing. The contract, margined and settled in tether (USDT), targets a $2 trillion valuation for SpaceX, aligning with recent market bets on the rocket maker’s blockbuster debut.
SpaceX’s IPO, potentially valuing the firm at or above $1.75 trillion, has sparked competition in pre-IPO markets. Historically, such opportunities were limited to institutional investors and venture capital firms. The move expands Binance’s derivatives offerings into traditional finance, blending crypto infrastructure with high-profile public listings.
The launch of the SPCXUSDT contract reflects growing retail demand for early access to private companies. Analysts note the development could divert capital from bitcoin and other major cryptocurrencies, as traders reallocate funds to pre-IPO speculation.