Binance launches SpaceX pre-IPO perps amid $2 trillion valuation bets

Binance looks to democratize pre-IPO markets, starting with SpaceX perpetual futures. What to know : Binance is launching a SpaceX-linked “Pre-IPO Perpetual Contract,” letting retail traders speculate on the rocket maker’s valuation before its expected Nasdaq debut. SpaceX’s blockbuster IPO, which could value the company near or above $1.75 trillion, is already spawning rival pre-IPO markets and raising concerns that it may siphon capital and attention from bitcoin, major cryptocurrencies and other equities.