Coinbase Launches Pre-IPO Perps, Starting with Elon Musk's SpaceX

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Coinbase Launches Pre-IPO Perps, Starting with Elon Musk's SpaceX

60-second summary

Coinbase launches pre-IPO perpetuals, starting with Elon Musk's SpaceX, allowing traders to speculate on the company's future performance. The IPO is estimated to make Elon Musk the world's first trillionaire, with current valuations suggesting a price tag of over $500 billion. This move could boost interest in the space industry and potentially drive up prices of related cryptocurrencies.

Elon Musk's aerospace company SpaceX is set to IPO, with current estimations making him the world's first trillionaire on its completion.