According to Wu Blockchain, TradeXYZ tweeted about the SPCX pre-IPO (IPOP) contract, stating that the TradeXYZ IPOP contract is a price-based perpetual contract that tracks the market's implied expected price of one share of Class A or common stock. Share count and market cap are not input factors for market specifications, oracle methods, or conversion processes. TradeXYZ clarified that it will not use, publish, or rely on share count or market cap denominators in SPCX or any other XYZ markets. Once SpaceX completes its IPO and sufficient external market data becomes available, SPCX is expected to transition to standard external oracle pricing and gradually align with publicly traded prices. Twitter user @EvanCrypto17 quoted the official tweet, noting that if SpaceX undergoes a stock split, issuance, or equity adjustment, the SPCX contract price should theoretically rebase/adjust proportionally. However, since TradeXYZ stated that share count or market cap are not input factors, the related contracts may not adjust smoothly in proportion to market cap, potentially causing price jumps and liquidation risks. https://(wublock123.com)/news/tradexyz-says-spcx-not-backed-by-share-count-market-concern-over-share-adjustments-62549