Perp market traders had a form of early access to SpaceX, and the trading closely aligned with later prices in the stock market.

SpaceX priced its record $1.77 trillion IPO at $135 per share. On Hyperliquid, synthetic SPCX contracts are trading at $177, signaling a major opening day

SpaceX’s record $75 billion IPO debuts on NYSE, testing investor appetite, shaking global portfolios and edging Elon Musk toward trillionaire status.