SpaceX Pre-IPO: Trade SPCX on Bitunix Before June 12, 2026

Cryptocurrency derivatives exchange Bitunix has introduced a perpetual contract (SPCXUSDT) linked to SpaceX's pre-IPO valuation, giving traders worldwide the ability to take long or short positions on the company ahead of its highly anticipated Nasdaq listing.

SpaceX filed its S-1 registration statement with the SEC on May 20, 2026, targeting a June 12, 2026 IPO on the Nasdaq under the ticker SPCX. Underwriters expect a valuation of $1.75 trillion and a capital raise of up to $80 billion, making it potentially the largest IPO ever. However, retail access is severely limited: only five U.S.-based brokerages — Charles Schwab, Fidelity, Robinhood, SoFi, and E-Trade by Morgan Stanley — are allocated shares, and the public float is estimated at just 3-4%.

Bitunix's SPCXUSDT perpetual contract is margined in USDT, offers up to 200x leverage, and trades 24/7 without geographic restrictions. This allows international traders who are locked out of the primary IPO market to gain exposure. The contract also enables two-sided trading, making it possible to hedge IPO allocations or speculate on price moves around events such as the roadshow (June 4–8), the Nasdaq debut, and the lockup expiry expected between September and December 2026.

According to SpaceX's S-1 filing, the company projects pro-forma 2025 revenue of $18.7 billion (including xAI and X Holdings) alongside a net loss of $4.9 billion, driven partly by $12.7 billion in AI infrastructure capital expenditure. For Q1 2026, revenue was approximately $4.69 billion with a net loss of $4.27 billion. Elon Musk will retain majority voting control through Class B super-voting shares after the IPO.

Traders can open positions on Bitunix by funding a futures wallet with USDT and navigating to the SPCXUSDT market. The exchange warns that high leverage amplifies both gains and losses, and that funding rates on single-name perpetuals can become volatile around major events. Conservative leverage between 3x and 10x is recommended for retail participants.

Bitunix is a global cryptocurrency derivatives platform serving over 5 million users in more than 100 countries. The exchange enforces mandatory KYC and publishes Proof of Reserves to support fund security.