Bitget has introduced a new financial product aimed at traders eager to speculate on SpaceX’s market debut. The exchange launched SPCXUSDT, a perpetual contract tied to the private aerospace company, allowing users to bet on price movements before any official stock becomes available. This derivative, settled in USDT, operates continuously with 5x leverage and funding fee adjustments every eight hours.
The contract does not represent actual ownership of SpaceX shares. Instead, it tracks market sentiment and expectations surrounding a potential initial public offering. This distinction is crucial, as private company valuations can fluctuate dramatically in the pre-IPO phase. Bitget has also added preSPAX spot trading in its pre-IPO zone, offering another avenue for exposure.
SpaceX has become a focal point for investors globally, driven by its achievements with Falcon rockets, Starlink, and Starship. Reports indicate the company is targeting a Nasdaq listing as early as June 12 under the ticker SPCX. The IPO could value SpaceX at approximately $1.75 trillion, with a potential raise of $75 billion, making it one of the largest market entries in history.
Bitget’s campaign plays on the excitement around SpaceX’s future, questioning whether it can replicate the post-IPO surges seen by major tech firms. However, such outcomes remain speculative until official terms are disclosed. The launch positions Bitget among a growing list of crypto exchanges offering SpaceX-linked derivatives. Competitors like Bybit have also rolled out similar products with higher leverage. This trend highlights a shift in crypto trading platforms expanding beyond digital assets into private market derivatives and tokenized equity.
For traders, the allure is early access to a high-profile company. Yet the risks are significant, as these contracts respond to sentiment rather than concrete financial data. Bitget’s SPCXUSDT aligns with its broader Universal Exchange vision, while the market demonstrates that speculative demand for SpaceX is already being priced in through crypto channels before traditional stock exchanges get involved.