SpaceX still isn’t public, but crypto traders are already betting on its valuation.

This week, OKX and Crypto.com rolled out a new kind of product.

Pre-IPO perpetual futures tied to some of the world’s hottest private companies, including SpaceX, OpenAI and Anthropic.

The contracts don’t give users actual shares or ownership. Instead, they offer something closer to synthetic exposure.

A way to speculate on how the market prices these companies before Wall Street officially opens the door.

The timing of SpaceX’s launch has made it especially hard to ignore.

Reports that shareholders approved a 5-for-1 stock split ahead of a potential Nasdaq listing have fueled fresh IPO speculation and boosted retail interest.

Bloomberg reported the split would reduce the estimated fair-market value of SpaceX shares from $526.59 to $105.32, with processing expected later this month.

That combination, private-market hype, AI mania and crypto derivatives, is turning SpaceX into an early stress test for a fast-emerging corner of the crypto market.

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