Bitget joins SpaceX pre-IPO trading race with 5x perps

AhmadJunaidCrypto NewsMay 22, 2026359 Views

Bitget has launched SPCXUSDT, a SpaceX-linked pre-IPO perpetual contract that gives traders derivative exposure before any public listing.

Summary

Bitget launched SPCXUSDT, a USDT-settled perpetual contract tied to SpaceX pre-IPO market expectations.
The product offers 24/7 trading, 5x leverage, and eight-hour funding fee settlement.
SpaceX-linked derivatives are growing as traders seek exposure before the company’s reported Nasdaq debut.

Bitget said SPCXUSDT is an IPO Pre-Market Perpetual Contract linked to SpaceX. The product is designed to let users trade market expectations around a possible SpaceX listing without waiting for public shares to begin trading.

The exchange said the contract is settled in USDT and runs on a 24/7 schedule. It supports up to 5x leverage, has a minimum price movement of 0.01, and settles funding fees every eight hours.

Bitget product tracks expectations, not real shares

The product does not give traders ownership of SpaceX stock. It is a derivative tied to market expectations around the company’s possible public listing.

That distinction matters because private-company valuation can move sharply before an IPO. Traders are betting on price discovery, not buying registered equity. Bitget has also listed preSPAX spot exposure through its pre-IPO zone, adding another SpaceX-linked product for users.

Moreover, SpaceX has become one of the most watched private companies due to Falcon rockets, Starlink, and Starship. Reuters reported that SpaceX is targeting a Nasdaq listing as early as June 12 under the ticker SPCX.

The same report said the company may seek about $75 billion at a valuation near $1.75 trillion. The IPO process could make SpaceX one of the largest market debuts ever if completed at those levels.

Bitget’s marketing also leaned into that demand. The exchange asked whether SpaceX could follow past post-IPO gains seen in large technology companies. That question remains speculative until official pricing, share count, and demand are clear.

Crypto venues chase SpaceX trading

Bitget is not alone. Related coverage noted that Bybit launched its own SPCXUSDT perpetual contract with up to 10x leverage, allowing round-the-clock trading before the planned IPO.

Financial Times also reported that crypto platforms including Binance, Bitget, and Trade.xyz have rushed to list derivatives tied to SpaceX. These products let traders speculate on SpaceX’s future share price without owning the stock.

The trend shows how crypto exchanges are moving beyond coins into private-market exposure, tokenized assets, commodities, and equity-linked derivatives. For traders, the appeal is early access. The risk is that these contracts can move on sentiment before official IPO terms are final.

For Bitget, SPCXUSDT fits its wider Universal Exchange strategy. For the market, it shows that SpaceX IPO demand is already being priced in crypto before Wall Street gets a final public share price.

Separately, Bitget has also linked its wider brand push to education and inclusion work. UNICEF says Bitget joined its Game Changers Coalition through Blockchain4Her, aiming to reach 300,000 people in 2025 and expand STEAM learning with blockchain and Web3 literacy.

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