Kraken Blog/
Trade SpaceX at up to 5x leverage before the IPO: the Kraken SPCX pre-IPO perp is now live
Kraken has launched a pre-IPO perpetual contract (PF_SPCXXUSD) for SpaceX (SPCX), allowing users to trade SpaceX exposure with up to 5x leverage. The contract uses a smoothed synthetic index for pricing and is not available in the US, EEA, Canada, Australia, or New Zealand.
low impactneutralSPCX
Why It Matters
It introduces a synthetic way to speculate on the valuation of a major private company before its public debut, utilizing a specific pricing engine to manage early-market volatility.