Binance has introduced the world’s first pre-IPO futures contract tied to SpaceX, allowing traders to speculate on the company’s valuation before any public listing. The SPCXUSDT perpetual contract is settled in USDT and reflects market expectations for SpaceX shares without giving users actual ownership rights. Trading volume quickly surged as investors reacted to SpaceX’s reported $1.5 trillion private valuation. The launch highlights growing demand for tokenized exposure to private companies, though Binance warned users about extreme volatility and leverage risks.
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