On June 12, 2026, SpaceX made history by completing the largest IPO ever recorded, pricing at $135 per share, raising $75 billion, and closing the day up 19%, minting Elon Musk as the world’s first trillionaire.
What’s more is that its shares jumped again to a whopping $226 on Tuesday Asia time, before dipping slightly to the $210 mark. Soaring prices were partly due to Trump’s announcement of a deal with Iran, which uplifted markets on Monday U.S. time.
And yet demand may just be ramping up as passive ETFs are set to start buying shares after the Nasdaq 100 index includes SpaceX on July 6. Once the index adds the stock, passive funds that track the index will have no choice but to buy its shares.
That’s exactly why BTSE has listed SpaceX perps, giving crypto traders around-the-clock access to one of the most talked-about market events of the decade.
Here’s everything you need to know before you make your move.
What Are SpaceX Perps and Why Do They Matter?
SpaceX perps are perpetual futures contracts that track the price of SPCX without requiring you to own the underlying stock.
In plain terms, a perpetual futures contract lets you speculate on whether an asset’s price will go up or down, with no expiry date forcing you to close your position. You never need to open a brokerage account, hold shares, or deal with settlement windows.
What makes SpaceX perps particularly compelling right now is the timing.
The SPCX IPO has generated the kind of price momentum and media attention that historically drives elevated volatility in both directions, and volatility is exactly what active traders look for. You can go long if you think SPCX still has room to run, or go short if you expect a post-IPO cooldown. The SPCX perpetual contract on BTSE puts both sides of that trade within reach.
If you’re new to how stock perps work, the answers to the most common questions about stock perps on BTSE are a good place to start before diving in.
The SpaceX IPO That Broke Every Record
The numbers behind the SPCX listing are genuinely staggering. As reported by CoinDesk, SpaceX raised $75 billion at a fully diluted valuation of approximately $1.8 trillion, easily the largest public offering in stock market history, surpassing Saudi Aramco’s previous record more than two and a half times over.
Investor demand topped $250 billion against that $75 billion raise, with retail orders alone exceeding $100 billion, making the deal one of the most heavily oversubscribed in history. Notably, SpaceX also disclosed holdings of 18,712 BTC worth approximately $1.2 billion which is a detail that drew immediate attention from the crypto community.
According to SpaceX’s debut, shares opened at $150, climbed as high as $176.52 intraday, and closed at $161.11, handing day-one buyers a 19% return, lifting the company’s market cap above $2 trillion, and making SpaceX the sixth-largest US company by market value.
For traders watching from the crypto side, SpaceX perpetual futures offer a way to position around this volatility without touching a brokerage account. The post-IPO price discovery phase is historically one of the most active periods for any newly listed stock, with institutional rebalancing, index inclusion flows, and retail sentiment all colliding at once — making the case for SpaceX perps stronger than ever.
For a deeper look at how the SpaceX IPO reshapes opportunities for retail traders, BTSE’s own analysis breaks down what the listing means for the broader market.
Why Crypto Traders Are Turning to SpaceX Perpetual Futures
The most obvious barrier between a crypto trader and SPCX exposure is the traditional stock market itself. Nasdaq hours, brokerage onboarding, and fiat settlement windows all create friction, and for traders based outside the US, the time zone mismatch alone can mean missing key price moves entirely.
SpaceX perpetual futures remove that barrier entirely including no Nasdaq account, no market hours, no waiting for the opening bell in New York. It’s worth noting that the broader market for real-world asset perps has been growing rapidly: CoinDesk data shows RWA perpetual futures volumes hit an all-time high in May 2026, up 10.4% against a month where broader exchange volumes actually declined, indicating a sign of structural, not just speculative, demand.
The second advantage is the ecosystem. Trading SpaceX perps on BTSE means staying within the same crypto infrastructure you already use. There’s no need to fund a separate brokerage account or convert holdings to fiat before entering a position.
SpaceX perps also let traders use a variety of crypto assets as margin collateral — BTSE’s multi-asset collateral on BTSE support means you’re not forced to convert everything to USDT first; simply transfer your assets manually from your spot wallet to your futures wallet and BTSE calculates the margin value automatically.
It’s also worth noting that SPCX isn’t a standalone listing — it joins a growing lineup of mega-cap tech stock perps on BTSE for traders who want broad exposure to high-profile equities through crypto. Which is part of why SpaceX perpetual futures have seen strong early volume since listing on BTSE.
How to Trade SpaceX on Crypto With BTSE
Getting started is straightforward. To trade SpaceX on crypto, all you need is a BTSE account and a funded wallet.
Once registered, navigate to the futures section, search for SPCX-PERP, and you’ll find the SpaceX perps contract ready to go.
From there, select your position size, decide whether you want to go long (betting on a price increase) or short (betting on a price decrease), and confirm your trade. The interface is designed for traders of all experience levels, so you don’t need a background in derivatives to get started.
On the cost side, BTSE is transparent about what you’ll pay. You can review all BTSE fees and transaction limits before placing your first trade, and BTSE’s unified futures wallet consolidates all your futures positions into one place for easy margin management.
Trading SpaceX on crypto through BTSE means you’re working within the same ecosystem you already use for BTC and ETH with the added flexibility of 24/7 access the stock market simply can’t match.
The momentum has shown no signs of slowing: SPCX climbed another 20% on its second day of trading, closing at $192.46 — more than 42% above the IPO price — and pushing the company’s market cap above $2.5 trillion, putting it just $135 billion away from overtaking Amazon.
Is Now a Good Time to Trade SpaceX Perps?
Whether SpaceX perps are right for you depends on your risk tolerance and how closely you’re following SPCX price action.
Post-IPO periods can be exhilarating, but they can also be unpredictable because stocks that surge on debut day sometimes give back gains in the weeks that follow as the initial excitement fades and fundamentals come back into focus.
It’s worth noting that analysts are already divided: CFRA initiated coverage with a sell rating and a 12-month price target of $115, nearly 29% below the day-one close, while institutional allocations went 70% to long-only investors and sovereign wealth funds, suggesting conviction on both sides of the trade.
That cuts both ways, which is exactly why perps are useful: you can trade the move in either direction rather than being locked into a single bullish bet.
What helps here is having the right tools. BTSE’s All-in-One order book gives you real-time depth and liquidity visibility, so you can see where buyers and sellers are positioned before sizing up a trade.
Ultimately, the introduction of SpaceX perps on BTSE provides the necessary agility to position for any scenario—whether you expect SPCX to maintain its record-breaking momentum or revert toward more grounded, fundamental price levels.
Ready to get started? SpaceX perps are live on BTSE right now, and so is the opportunity.
Whether you’re bullish on SPCX-PERP’s trajectory or watching for a post-IPO correction, the perp lets you trade the move on your terms, around the clock.
Register on BTSE today and trade SPCX-PERP 24/7 without ever leaving the crypto ecosystem you already know.
