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Bitget launches SPCXUSDT, a SpaceX pre-IPO perpetual contract for early market exposure.

Market News
22 May 2026
Crypto news
View Source
Bullish
pluang ai news

Bitget introduced SPCXUSDT, a USDT-settled perpetual contract linked to SpaceX's pre-IPO market expectations, allowing traders to speculate on SpaceX's potential Nasdaq listing before public shares trade. The contract offers 24/7 trading, up to 5x leverage, and settles funding fees every eight hours. This product does not confer ownership of SpaceX stock but tracks market sentiment around its IPO, which is targeted for mid-2026 with a possible valuation near $1.75 trillion. Bitget's move reflects growing interest in crypto derivatives tied to private companies, offering early access but carrying risks due to speculative pricing before official IPO details are finalized.

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Market News
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Workday stock jumps 9.4% after beating Q1 earnings and boosting AI-driven growth outlook

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