As major crypto platforms cut back on distribution quotas, http://trade.xyz has become the biggest winner in the crypto space for tonight's SpaceX IPO. The moment SpaceX rings the bell tonight, Morgan Stanley collects its underwriting fees, Brookfield cashes in on its $2 billion bet, and Musk becomes the world's first trillionaire. Meanwhile, http://trade.xyz has secured a new kind of pricing narrative. On the eve of the largest IPO in history, the 'pricing power' has already shifted—from the TradFi market to DEFI.