Odaily reported that on-chain analyst Ai Yi posted on X that SPCX is nearing its opening, while SpaceX’s total share count has been adjusted to 13.08 billion shares, representing a 10% increase. Under the condition that the total valuation remains unchanged, the price of the related premarket contracts will shrink by 10%. Platforms that previously listed the target, as well as users involved in those products, are affected by the adjustment.
Binance and Aster follow with rebase adjustments
According to the post, exchanges including Binance have followed with a rebase. Perpetual DEX Aster has also chosen to adjust proactively in order to prevent users from being harmed. The adjustment centers on the change in total share count: after the share base changes, the contract price linked to the target needs corresponding treatment, otherwise pricing differences can arise for premarket contract positions.
TradeXYZ, however, announced that it would not make any adjustment and maintained that its product is a “price-based perpetual contract.” This decision resulted in losses for long positions. TradeXYZ said stock splits are not uncommon in U.S. equities, and that large technology stocks can conduct forward splits when the value of a single share becomes too high, making trading easier. The TradeXYZ team also said it will have a solution.