Coinbase Launches Pre-IPO Markets With SpaceX Access
The USDC-settled derivative tracks SpaceX's private-market valuation as Coinbase expands its trading lineup beyond spot crypto.
- On Thursday, Coinbase unveiled the SpaceX Pre-IPO Perp, a perpetual futures contract allowing non-U.S. traders to speculate on Elon Musk's private company valuation before it goes public.
- Targeting retail demand for private companies historically reserved for venture capital, the launch advances Coinbase's vision of an 'Everything Exchange' that maintains trading volume during market fluctuations.
- Perps account for more than 70% of global crypto volume according to CoinGecko, utilizing leverage without expiration dates; the SpaceX contract settles in USDC stablecoin.
- Competition intensifies as Binance entered the pre-IPO market last month, while the Commodities Futures Trading Commission approved the first regulated, U.S.-listed perps on Kalshi last week.
- Once SpaceX holds its IPO next week, the pre-IPO contract converts to a regular perpetual future; Coinbase plans contracts covering AI, energy, and space sectors.
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STOCK MARKET: Investors can ‘buy’ SpaceX early with Coinbase perpetual futures on pre-IPOs
The Coinbase logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images Coinbase on Thursday unveiled a new product that lets customers get price exposure to private companies before they go public, starting with a perpetual futures contract –better known as a “perp” – tied to SpaceX. Pre-IPO perps give traders the ability to speculate on the value of a private compa…
Coinbase Launches SpaceX Pre-IPO Perpetual Futures
SpaceX Pre-IPO Perpetual Futures are now live on Coinbase. The product is the first of the crypto exchange’s series of pre-IPO perps in AI, energy, and space sectors. Coinbase, one of the world’s largest crypto exchanges, has launched its pre-IPO (Initial Public Offering) perpetual futures on Thursday. The first product in its lineup offers traders exposure to SpaceX, a private American aerospace company founded by Elon Musk. Pre-IPO Perpetual F…
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