The trading volume of SpaceX perpetual contracts on Binance platform has exceeded 9 billion US dollars, occupying over 60% of the market share According to BlockBeats, on June 16th, Binance released data showing that SpaceX Perpetual Contract (SPCXUSDT) has become the second most traded product on the platform, second only to Bitcoin Perpetual Contract (BTCUDT). As of June 13th, the trading volume of SPCXUSDT has exceeded 5.6 billion US dollars in the past 24 hours, and the cumulative trading volume covering Pre IPO and after listing has exceeded 9 billion US dollars. As of June 15th, Binance still holds over 60% of SpaceX's perpetual contract market share, ranking first among centralized and decentralized platforms, and leading all trading venues with an open contract size of $191 million. Binance stated that SPCXUSDT was launched on May 21st, shortly after SpaceX submitted the S-1 file. Before SpaceX goes public, users can obtain price exposure to this popular private company through a Pre IPO perpetual contract; After listing, the product automatically switches to traditional financial perpetual contracts and is priced based on the real-time stock price of NASDAQ. It is worth noting that after SpaceX updated its S-1/A documents and increased its total share capital, Binance became the only exchange to complete the Pre IPO contract rebase, allowing the contract to accurately reflect the new share capital structure. Binance stated that the popularity of SpaceX related products reflects the huge demand from global retail investors for high growth technology companies. Investors who previously struggled to participate in the Pre IPO market or obtain IPO placements have gained more convenient price exposure channels after the launch of perpetual contracts.