Crypto Traders Bet on SpaceX IPO Popping 20%

Crypto traders are pricing SpaceX perpetual contracts at $165 on exchanges such as Binance and Hyperliquid as of Thursday afternoon, about 20% higher than SpaceX’s IPO price of $135 per share.

SpaceX stock is set to start trading on the Nasdaq Friday.

Pre-IPO perpetual contracts is a new type of ...