Binance Launches SpaceX Pre-IPO Futures as $2 Trillion Valuation Expectations Rise

Binance has launched a new trading product linked to SpaceX, allowing retail investors to speculate on the company’s valuation before its expected stock market debut. The product, called a SpaceX pre-IPO perpetual contract, marks Binance’s latest effort to expand beyond crypto trading and give users access to investment opportunities usually reserved for institutional investors.

The new contract, listed as SPCXUSDT, is settled in Tether (USDT) and tracks expectations around SpaceX’s future market value. Analysts believe Elon Musk’s rocket company could debut at a valuation between $1.75 trillion and $2 trillion, potentially making it one of the largest public listings in financial history.

How SpaceX Pre-IPO Contracts Work

Before SpaceX officially goes public, Binance said pricing for the futures contract will reflect publicly available information, including private funding rounds and expected IPO pricing. Once the company starts trading on a public exchange, the contract will shift to follow the stock’s live market performance.

Binance executive Shunyet Jan said the company wants to make financial opportunities more accessible by combining crypto infrastructure with major market events.

SpaceX IPO Interest Builds Across Financial Markets

Interest in SpaceX has increased after reports suggested the company filed registration documents for a possible Nasdaq listing next month. The filing reportedly showed first-quarter revenue of $4.69 billion alongside a net loss of $4.28 billion. It also disclosed holdings of nearly 18,712 Bitcoin purchased at an average cost of about $35,000 per coin.

Prediction markets currently estimate more than a 70% chance that SpaceX could exceed a $2 trillion valuation after its public debut, while competing platforms have already launched similar pre-IPO trading products.

Deepwater Asset Management’s Gene Munster said on X;