Investors are flocking to an offshore crypto platform for an early shot at trading the SpaceX IPO

By Joseph Adinolfi and Christine Idzelis

SpaceX 'pre-IPO' perpetual futures launched earlier this week on Trade.xyz, offering some investors a way to trade what is expected to be the biggest IPO of all time

Eager to trade SpaceX? Now, you don't even need to wait for the IPO.

A fast-growing offshore market is giving investors around the world an opportunity to trade what is expected to be the biggest IPO in history before it even happens - all while completely bypassing Wall Street.

On May 17, Trade.xyz, a perpetual futures exchange built atop the Hyperliquid blockchain, launched a pre-IPO perpetual futures contract for SpaceX. The contract gave traders using the offshore platform the opportunity to speculate on the price of SpaceX ahead of the company's highly anticipated IPO.