SpaceX Pre-IPO (SPCX) Perpetuals on Hyperliquid
Auto-refreshes every 30s · Max leverage: 20x
Source: live price, 24h volume, open interest, and funding-rate data from the official Hyperliquid API (trade.xyz HIP-3 oracle feed), refreshed every 30 seconds.
Quick Summary — What is SPCX on Hyperliquid?
SPCX (SpaceX Pre-IPO) on Hyperliquid is a cash-settled HIP-3 perpetual futures contract deployed via the trade.xyz builder. It is a equity perpetual — not a token — and tracks the SpaceX Pre-IPO price feed with continuous hourly funding settlements. There is no expiry date and no physical delivery: positions roll forever. All margin is denominated in USDC, and you can open positions with up to 20x leverage. As of May 2026, SPCX perpetuals on Hyperliquid offer 24/7 trading (including weekends and holidays when traditional equity markets are closed), no KYC requirement, full self-custody via your own wallet, and zero gas fees on every order. Base fees are 0.09% taker and 0.03% maker — slightly higher than native Hyperliquid perps because a portion routes to trade.xyz as the HIP-3 builder.
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How to Trade SpaceX Pre-IPO (SPCX) on Hyperliquid
SPCX is a synthetic pre-IPO perpetual referencing SpaceX's privately traded share price on Hyperliquid via trade.xyz. SpaceX remains the most-watched private company in the world; SPCX-PERP gives traders an on-chain venue to express directional views before any public listing.
SPCX is a cash-settled perpetual futures contract on Hyperliquid, deployed via trade.xyz as a HIP-3 builder market. Unlike traditional futures, there is no expiry date and no physical delivery — positions roll continuously with funding rates settling every hour. All margin is denominated in USDC, and you can trade with up to 20x leverage.
HIP-3 markets extend Hyperliquid beyond crypto, bringing equities, commodities, and indices on-chain with 24/7 trading, no KYC, and the same on-chain order book infrastructure that powers Hyperliquid's native perpetuals.
Why Trade SPCX on Hyperliquid?
SpaceX is the single highest-profile private company in the world, with a secondary-market valuation that has roughly doubled across recent funding rounds — yet there is no public ticker, no US-broker access, and no centralized way to trade it. SPCX on Hyperliquid via trade.xyz is one of the only liquid venues anywhere that lets retail and crypto-native traders take a directional view: the contract is a synthetic pre-IPO perpetual referencing SpaceX's privately negotiated share-price feed (built from secondary-market transaction prints and the most recent tender-offer round), cash-settled in USDC, with hourly funding. For traders running a "space and defense" narrative basket alongside RKLB (publicly traded peer) and the broader trade.xyz universe, SPCX-PERP delivers the largest, most-watched name in the sector — without needing accredited-investor status, secondary-market broker access, or a private-equity vehicle. The 24/7 access is uniquely valuable for this asset because new SpaceX valuation marks tend to leak first through Bloomberg or The Information at unpredictable hours, and the perp lets you react instantly. KYC-free with up to 5x leverage, the contract is functionally the only way most market participants can express conviction on SpaceX before any future IPO.
SPCX Contract Notes & Catalysts to Watch
SPCX-PERP references a synthetic SpaceX share price feed maintained by the trade.xyz oracle. Because SpaceX is privately held, the feed is updated more discretely than a live exchange tape — material moves typically follow new tender-offer pricing rounds, leaked secondary-market transaction prints, Starship test results (orbital launches, in-flight anomalies, FAA license updates), Starlink subscriber/revenue milestones, and major government contract awards (NASA, DoD, intelligence community). Funding rate behavior reflects directional crowding — positive funding has been the norm during periods of strong Starship execution and Starlink growth. Liquidity is thinner than on listed-equity perps, so size accordingly and watch for funding rate dislocations when valuation-round news breaks.
Key Market Facts
Frequently Asked Questions
How do I trade SPCX on Hyperliquid?
SPCX is available as a HIP-3 perpetual future on Hyperliquid, deployed via trade.xyz. You can trade it the same way as any other perp - deposit USDC, select the market, and open a position with up to 20x leverage.
What are the fees for SPCX on Hyperliquid?
HIP-3 builder markets charge 0.09% taker fee and 0.03% maker fee. These are slightly higher than native perps because a portion goes to the builder (trade.xyz) who deployed the market.
Can I trade SPCX 24/7 on Hyperliquid?
Yes. Unlike traditional equity markets that have set trading hours, SPCX perpetual futures on Hyperliquid trade around the clock - 24 hours a day, 7 days a week, including weekends and holidays.
How we source and review this market data
Data collection. Live SPCX price, funding rate, open interest, and 24h volume are pulled directly from the Hyperliquid API on every page load and cross-checked against the live trade.xyz interface, which is where SPCX-PERP is deployed as a HIP-3 builder market. Numbers shown are unedited machine values from those feeds — we do not hand-adjust prices or rates.
Editorial review. The trading context on SPCX-PERP — catalysts, contract specs, and the “why trade this” analysis — is written and reviewed by Concept211, an active Hyperliquid trader since February 2024 who trades perpetuals daily and builds automated bots on the Hyperliquid API. Each market is checked against the live trade.xyz interface before publishing.
Last reviewed. . Contract specs and catalysts are re-checked on a rolling basis; live data refreshes automatically. Read the full editorial methodology for how figures are sourced, verified, and corrected.
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