TradeXYZ's SPCX perpetual contract on Hyperliquid hit $1.34B in notional volume on SpaceX's IPO day, capturing 95% of the pre-IPO perp market.

Crypto traders are currently pricing the SpaceX pre-IPO perp on Hyperliquid at $161, about 19% above the company's fixed IPO price of $135 per share.

Crypto perpetual futures on Hyperliquid price SpaceX well above its $135 IPO share price, implying valuations above $2 trillion ahead of the June 12 Nasdaq