The SPCX perpetual contract on Hyperliquid, a key indicator for SpaceX's upcoming IPO, has dropped about 27% since mid-May but remains above the $135 IPO price, implying a 16% expected first-day premium. This decline from a 60% premium reflects broader crypto market weakness and investors raising cash for the heavily oversubscribed $75 billion offering. The SPCX contract is a cash-settled derivative without share claims, serving as a rare price discovery tool since SpaceX set a fixed IPO price with no bookbuilding range. Despite the drop, strong investor interest continues, with over $250 billion in demand for the IPO.
Defiance ETFs launched the Defiance Daily 2X Space ETF (SPCL), providing investors with twice the daily leveraged exposure to SpaceX's Class A shares starting from its IPO price of $135. SpaceX's IPO on Nasdaq marks the largest U.S. IPO by market val...
Defiance ETFs launched the Defiance Daily 2X Space ETF (SPCL), providing investors with double daily leveraged exposure to SpaceX Class A shares starting from SpaceX's IPO price of $135 per share. SpaceX began trading on Nasdaq under ticker SPCX, mar...
Defiance ETFs launched the Defiance Daily 2X Space ETF (SPCL) on Nasdaq, offering investors 2x daily leveraged exposure to SpaceX Class A shares starting at the IPO price of $135. SpaceX's IPO values the company at approximately $1.77 trillion, marki...
Defiance ETFs launched the Defiance Daily 2X Space ETF (SPCL) on NASDAQ, providing investors with twice the daily leveraged exposure to SpaceX's Class A common stock at its IPO price of $135 per share. SpaceX's IPO values the company at approximately...
Defiance ETFs has launched the Defiance Daily 2X Space ETF (SPCL), the first U.S. ETF to offer daily 2X leveraged exposure to SpaceX shares on its IPO day, priced at $135 per share. SpaceX's IPO values the company at about $1.77 trillion, marking the...
