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HYPE pops 7%, beating bitcoin declines, as SpaceX pre-IPO lands on Hyperliquid

CoinDesk · May 18, 2026, 5:01 AM · Also reported by 1 other source

Hyperliquid's HYPE token rallied 7% over 24 hours after Trade.xyz launched the first pre-IPO perpetual market on the platform, offering synthetic exposure to SpaceX at a reference valuation of $1.78 trillion.

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HYPE pops 7%, beating bitcoin declines, as SpaceX pre-IPO lands on Hyperliquid

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