On May 21, Binance, a leading global blockchain network, has promoted its first pre-IPO (initial public offering) for future trading for SpaceX, or known as “SPCXUSDT.” This contract to proceed live is associated with SpaceX, a company projected to launch approximately $2 trillion or beyond. The SPCXUSDT is structured to deliver retail traders with initial exposure to major IPOs. Also, the pre-IPO is a good model on how Bitcoin is broadening access to market by merging a crypto-native system with significant financial events.
According to Binance, these pre-IPO contracts are developed to use for crypto trading. Prior to the company’s public launch, the contract value will show public data signals, including the private capital rounds and IPO price guidance. After the stock starts trading on a secondary exchange, the pre-IPO contracts will shift to show the share of live market financial results.
SpaceX filed its IPO futures offering document to the United States Securities and Exchange Commission. The filing verified the IPO availability and expanding demand for pre-IPO transactions.
In the filing of documents, SpaceX announced that as of March 31, 2026, their holding is approximately 18,712 BTC of Bitcoin. The total value of acquisition was roughly around $661 million, with an average acquisition value of over $35,300 per token.
SpaceX’s BTC holdings have exceeded that of Tesla, another publicly listed company headed by Elon Mush with approximately 11,509 BTC. SpaceX ranks 7th globally, exceeding Coinbase. The increasing number of SpaceX pre-IPO could raise more capital, and shift attention away from leading crypto market.
Currently, SpaceX will start its launching tour in June, and the company is projecting to list NASDAQ by June. Goldman Sachs, followed by Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase, according to Investing.
