Bitget, the world’s largest Universal Exchange (UEX), has introduced SPCXUSDT, a new IPO Pre-Market Perpetual Contract linked to SpaceX.
The product is designed to allow traders to gain exposure to market expectations surrounding a future SpaceX public listing without needing direct access to private equity markets.
The launch expands Bitget’s broader effort to combine crypto, traditional finance, tokenized assets, and pre-IPO market access inside a single trading ecosystem.
How SPCXUSDT works
The SPCXUSDT contract is settled in USDT and operates continuously on a 24/7 schedule, allowing traders to react to valuation expectations and market developments at any time.
The contract supports leverage of up to 5x, while funding fees are settled every eight hours. The minimum price movement is set at 0.01.
The structure is intended to create a market-driven pricing environment around SpaceX-related sentiment ahead of any official IPO timeline.
Unlike traditional pre-IPO investing, which is typically limited to institutional investors or private networks, the perpetual contract format allows broader participation through derivative exposure tied to expected market valuation dynamics.
Most anticipated IPO
Founded in 2002 by Elon Musk, SpaceX has become one of the most valuable private companies globally through projects including Falcon launch systems, Starlink satellite infrastructure, and the Starship deep-space program.
The company continues to attract significant investor attention as the commercial space economy expands across satellite connectivity, launch services, defense infrastructure, and long-term space development initiatives.
Industry projections estimate the broader space economy could surpass $1 trillion by 2035, positioning SpaceX as a central proxy for investor exposure to the sector.
The launch further reflects Bitget’s wider Universal Exchange strategy, where crypto-native infrastructure is increasingly integrated with traditional market products and tokenized financial instruments.
Over recent months, the platform has expanded beyond digital assets into tokenized equities, commodities, forex, ETFs, and pre-IPO market products, positioning itself around multi-asset trading behavior rather than purely crypto-focused activity.
Dan Burgin
