Blockchain.com Launches SpaceX-Linked Perpetual Contract

Bybit is extending crypto-style market infrastructure — perpetual contracts, stablecoin settlement and round-the-clock access — to derivatives linked to U.S. equities. The initial lineup covers private space company SpaceX and artificial-intelligence chipmaker Nvidia, giving users price exposure through a crypto exchange rather than a traditional brokerage. The launch highlights the accelerating convergence between digital-asset venues and conventional securities markets.

The cryptocurrency exchange said options on SpaceX and Nvidia stock perpetuals will become available from Sept. 17. Trading will remain open 24 hours a day, seven days a week, and users will be able to take fractional positions instead of purchasing whole shares or contracts. Bybit said all transactions will be settled in USDT, the dollar-pegged stablecoin, removing dependence on standard U.S. market hours.

SpaceX’s June 2026 IPO turned the company into a major test case for blockchain-based capital markets. Solana and Hyperliquid are among the busiest venues for tokenized SpaceX shares and perpetual futures, contracts that do not expire and can trade around the clock. The contest matters because such products could draw traditional-finance traders onchain, concentrating liquidity and price discovery on the networks offering the most usable and trusted markets.

On July 29, Jito Foundation President Brian Smith argued that Solana must convert its speed, capacity and low fees into a competitive derivatives product. SpaceX perpetuals implied a price of $171 before the listing, matching the stock’s $171 launch price, while 24-hour spot volume in tokenized stocks on Solana exceeded $100 million for the first time after the IPO. Hyperliquid nevertheless retains an early lead in perpetuals, where liquidity and trader familiarity reinforce each other.

SpaceX, the privately held aerospace company founded by Elon Musk, is the subject of market bets that its valuation could reach $1.75 trillion–$2 trillion ahead of a Nasdaq IPO. Binance has packaged those expectations into a derivative that allows retail traders to take long or short positions, though the contract does not confer equity ownership. The product brings private-market price discovery into crypto trading and could also divert funds from Bitcoin.

Binance Futures listed the USDT-margined and settled SPCXUSDT Pre-IPO perpetual contract on May 21, 2026. It references publicly available valuation data before the listing and will track the share price afterward. By June 12, a separate SPCXx subscription campaign launched through Binance Wallet had attracted commitments of about $557 million from 27,689 addresses. The indicative price was 135 USDC per token, but submitting an application did not guarantee an allocation.