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SpaceX primed for double-digit pop on first day, if ‘perps’ trading is any guide
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- Crypto traders in the Space X pre-IPO perpetual futures are expecting a big first day for Elon Musk's much-hyped space company.
- The perpetual future contract is currently trading around $162 on the Hyperliquid trading platform, a market dominated by highly active, leverage-seeking crypto traders.
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Crypto traders in the Space X pre-IPO perpetual futures are expecting a big first day for Elon Musk's much-hyped space company.
The perpetual future contract is currently trading around $162 on the Hyperliquid trading platform, a market dominated by highly active, leverage-seeking crypto traders. That's about 20% above its fixed IPO price of $135 per share, but down sharply from the peak levels exceeding $220, reached shortly after its May launch. SpaceX perpetual futures on Binance were trading at a similar level.
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