《IOSG: SpaceX IPO Day, First Test of Three Perpetual Mechanisms》 (Author: Mario Chow) Pre-IPO perpetuals enable price discovery before and after listing through low-cost, 24/7 pricing. SpaceX and other private stock prices achieve near real-time pricing via on-chain perpetuals. Tradexyz leads on-chain transactions, using funding fee designs and range oracles for pricing and cross-exchange arbitrage; Ventuals rely on anchoring and external data, which is costlier but more resistant to fragmentation. IPO conversions and splits exposed the lack of company action handling layers, with the key to market success lying in transparent company action mechanisms and repricing rules. Read the full article: https://www.(wublock123.com)/articles/article-59208