SpaceX Spurs $18 Million-a-Day Crypto Market for Pre-IPO Bets
Updated
Updated · Bloomberg · May 31
SpaceX Spurs $18 Million-a-Day Crypto Market for Pre-IPO Bets
3 articles · Updated · Bloomberg · May 31
$18 million in average daily volume has flowed through SpaceX-linked perpetual futures over the past two weeks, creating an active crypto venue for betting on the company’s eventual IPO price.
The contracts, launched this month, let traders take positions months before any listing through perpetual futures — derivatives with no expiry that mirror expectations for a future debut.
That activity is drawing attention because SpaceX is edging toward what could be the largest IPO in history, giving the shadow market unusual relevance as an early gauge of investor appetite.
As SpaceX loses billions on AI, is its record-breaking IPO a bubble waiting to burst?
Are traders in SpaceX's $400M crypto market buying a worthless ticket to the future?
Is Elon Musk's plan to merge SpaceX and Tesla a visionary strategy or a high-stakes bailout?
SpaceX’s $1 Trillion IPO: How Crypto Shadow Markets Are Reshaping Pre-IPO Trading and Investor Risks
Overview
SpaceX’s upcoming IPO is set to be a historic event, with expectations of a valuation reaching hundreds of billions or even over a trillion dollars. Nasdaq secured the listing after fierce competition with the New York Stock Exchange, highlighting the IPO’s significance. SpaceX’s investor prospectus also points to major AI firms like OpenAI and Anthropic as key competitors, all preparing for their own high-profile public offerings. Adding a unique twist, SpaceX disclosed holding over 18,000 Bitcoin, acquired for $661 million, which introduces a notable crypto angle to its financial profile and further fuels global interest in its market debut.