Binance launches SpaceX-linked perpetual futures ahead of IPO
60-second summary
Binance launches SpaceX-linked perpetual futures, allowing traders to speculate on the company's expected public market valuation before its IPO. The product enables traders to bet on a valuation range of $150 billion to $200 billion, with the average estimate being $175 billion.
The crypto exchange's new pre-IPO futures product lets traders speculate on SpaceX’s expected public market valuation before the company begins trading on public exchanges.