Coinbase Launches SpaceX Pre-IPO Perp Ahead of June 12 IPO
Key takeaways
- The Latest Addition: Coinbase s Space X Pre-IPO Perpetual Future is USDC-settled and automatically converts to a regular Space X Perp once the company completes its IPO.
- The Chronology: Coinbase is the latest in a months-long trend.
- Different Pricing Mechanisms: The SpaceX pre-IPO perps trading across exchanges don t share a standardized pricing mechanism.
Coinbase Launches Space X Pre-IPO Perp Ahead of June 12 IPO David Christopher Thu, June 4, 2026 at 9:01 PM GMT+7 1 min read SPAX.PVT USDC-USD CRO-USD HYPE32196-USD Coinbase launched a Space X pre-IPO perpetual today, becoming the latest crypto exchange to offer synthetic exposure to Space X ahead of its expected June 12 Nasdaq debut at a $1.75 trillion valuation.
The Latest Addition: Coinbase s Space X Pre-IPO Perpetual Future is USDC-settled and automatically converts to a regular Space X Perp once the company completes its IPO. The product is offered through Coinbase Bermuda Ltd. and is not available to U.S. persons. Coinbase said it plans to add more pre-IPO perps in the future.
The Chronology: Coinbase is the latest in a months-long trend. Crypto.com (May 12), Hyperliquid via Trade.xyz (May 18, which generated $33 million in first-day volume), Binance (May 21, which reportedly saw over $280 million in cumulative volume in its first five days), and now Coinbase.