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 SPCX pre-IPO perpetual futures surpassed $500M in 24-hour volume on Hyperliquid as traders bet on a 27-35% first-day pop ahead of the June 12 Nasdaq