Pepperstone has become the latest broker to launch a new CFD that allows traders to speculate on SpaceX’s valuation ahead of the company’s expected Nasdaq listing.
The product, listed as SPCX.US-PERP, provides clients with exposure to the private company’s pre-IPO valuation via a CFD that trades 24 hours a day, seven days a week.
The structure and terminology used to describe the product suggest the company is receiving a feed from a crypto company, such as Binance or Coinbase, which have launched perpetual futures contracts covering the pre-IPO market for SpaceX.
According to Pepperstone, traders can take long or short positions on SpaceX’s expected market value before shares begin trading publicly.
The instrument is currently only available to clients onboarded under Pepperstone’s Bahamas entity.
SpaceX is expected to list on Nasdaq on June 12 at a valuation of approximately $1.8 trillion, potentially making it one of the largest public offerings in history.
Pepperstone is the latest CFD broker to launch a SpaceX pre-IPO product. IG, FOREX.com, CMC Markets, and Vantage Markets have all rolled out similar offerings, allowing traders to speculate on the company’s valuation before it begins trading on public markets.
The launch reflects growing interest among brokers in offering clients exposure to high-profile private companies ahead of major IPOs.
