OK listed SPACEX, ANTHROPIC, and OPENAI in pre-market. What's interesting is that the funding rate is fixed at 0, so it makes sense why some bros are opening positions on OK despite the premium. Note that the quoted unit for all three is 1 contract unit, which is approximately equal to one-billionth of the company's market cap. After the official IPO, there will be proportional adjustments. Based on current prices, the rough valuations are: ANTHROPIC: ¥1.3 trillion OPENAI: ¥1.2 trillion SPACEX: ¥2 trillion These are all top-tier assets, absolute mega trucks. Single-stock contracts—whether they're overvalued or undervalued doesn't really matter much, it's all just a game of strategy.