Crypto exchange Bitget has introduced SPCXUSDT, a SpaceX-linked pre-IPO perpetual contract that allows traders to speculate on market expectations around a potential public listing of SpaceX before shares reach traditional markets.
The new product adds to a growing trend of crypto exchanges offering exposure to private companies and pre-IPO assets through derivatives, giving users access to markets that are usually limited to institutional investors.
We’ve broken down the must-knows of SpaceX’s IPO prospectus:
→ Financials
→ Business engines
→ Stock split
→ RisksSwipe for the TL;DR 👇
— Bitget (@bitget) May 22, 2026
Derivative offers exposure without owning SpaceX shares
Bitget said SPCXUSDT is an IPO Pre-Market Perpetual Contract tied to expectations surrounding SpaceX and any future public listing.
The exchange clarified that the product does not represent ownership of SpaceX equity. Instead, it allows traders to speculate on price movements linked to market sentiment and valuation expectations ahead of a possible IPO.
The contract is settled in USDT and operates continuously with round-the-clock trading. It supports leverage of up to 5x, has a minimum price movement of 0.01, and applies funding fee settlements every eight hours.
Bitget has also expanded its pre-IPO offerings through its dedicated pre-listing zone by adding preSPAX spot exposure, giving users another SpaceX-related trading option.
Crypto exchanges race to capture SpaceX demand
Interest in SpaceX-linked products has spread across the crypto industry as exchanges move quickly to attract traders seeking early exposure.
Reports previously showed that Bybit launched its own SPCXUSDT perpetual contract with leverage of up to 10x, while other platforms have also introduced SpaceX-related trading products.
Meanwhile, Bitget is connecting its wider brand strategy to education and inclusion initiatives. According to UNICEF, Bitget joined the Game Changers Coalition through Blockchain4Her, with plans to reach 300,000 people in 2025 and boost STEAM learning with blockchain and Web3 literacy.
Also Read: Bitget Promises Compensation for Users After BGB’s Sudden 50% Price Drop
SpaceX IPO speculation fuels market activity
SpaceX remains one of the world’s most closely watched private firms due to projects including Starlink, Falcon rockets, and Starship.
Growing IPO speculation has fueled interest from traders looking to position ahead of any official listing announcement, even as pricing details and public share terms remain uncertain.
SpaceX also revealed that it holds 18,712 Bitcoin in its latest filing with the U.S. Securities and Exchange Commission, giving the market a clearer picture of the company’s crypto exposure ahead of its expected public listing.
Bitget’s Product Has Evolved With the Public Listing
SpaceX’s IPO changed how Bitget handles its SPCX-related derivatives. Bitget said its pre-market perpetual product would transition after the underlying asset became publicly listed. The exchange now offers different forms of SpaceX exposure, including rSPCX, a spot stock-style product, and perpetual futures linked to SPCX.
The exchange’s current product structure distinguishes between direct stock-style exposure and derivatives. Its standard SPCXUSDT perpetual can provide leveraged long and short exposure, while rSPCX is designed to mirror the underlying stock without leverage.
That evolution is important because the product is no longer simply a way to bet on whether SpaceX will go public. Traders can now speculate on the company’s actual public-market valuation.
Enjoyed this? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads, and CoinMarketCap Community for seamless access to high-quality industry insights
Take control of your crypto portfolio with DEFI PLANET PRO, DeFi Planet’s suite of analytics tools.
