Major centralized exchanges are offering pre-IPO assets, but differing market makers and underlying structures are creating separate prices for the same SpaceX-linked product.
Major centralized exchanges have begun rolling out pre-IPO assets, with SpaceX cited as the leading example. Because these products are not interoperable (unable to move between platforms), use different market makers (liquidity providers), and are tied to different underlying assets, each exchange is now displaying its own price. The post highlights OKX’s SpaceX perpetual (a futures contract with no expiry) as one current market example, underscoring how fragmented pricing can emerge in early-stage or synthetic pre-listing trading.