According to an official announcement, Coinbase will launch a SpaceX Pre-IPO perpetual contract under the ticker SPCX-PERP. The contract is scheduled to go live on or after June 4, 2026 at 14:00 UTC+8, with the exact timing dependent on sufficient market liquidity and regulatory support in applicable regions.
SpaceX is a high-profile private company whose shares are not traded on public exchanges. The Pre-IPO perpetual contract is a crypto derivatives product that offers traders indirect exposure to SpaceX's valuation movements without owning the underlying equity. As a perpetual swap, it has no expiration date and uses a funding rate mechanism to keep its price aligned with the estimated fair value of the reference asset.
The launch marks another step in Coinbase's expansion of its derivatives offerings, particularly in the private company space. The exchange noted that the SPCX-PERP market will only be accessible in jurisdictions where local regulations permit and where adequate liquidity exists, ensuring a compliant and stable trading environment.