Trading bets on SpaceX before its big market entry

SpaceX’s upcoming stock launch has sparked a small but active betting game in crypto circles. Instead of waiting for the official public offering, some traders are using special crypto contracts to guess the company’s future stock price. These contracts, called perpetual futures, don’t have an end date, letting people bet on where SpaceX’s value might land months ahead of time. Over the past two weeks, these bets have racked up nearly $18 million in daily trades. That’s not a huge number compared to traditional markets, but it shows how crypto traders are trying to get in early on major events. The SpaceX contracts are fairly new, so their activity might shift as more details about the IPO emerge.This isn’t the first time crypto markets have tried to predict big stock debuts. Past examples show these bets can sometimes guess the final price pretty closely. But crypto markets are also known for wild swings, so taking them too seriously could be risky. What makes this interesting is how crypto is blending with traditional finance trends. Perpetual futures started in crypto but are now being used in other markets too. SpaceX’s IPO could test how well these bets really work.