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Bitget relists SPCX contract after SpaceX share-count update to 13.08 billion

Bitget relists SPCX contract after SpaceX share-count update to 13.08 billion

Bitget repriced and relaunched SPCXUSDT on June 9 after updating SpaceX share-count assumptions, while TradeXYZ said on June 10 its SpaceX Pro-IPO contract tracks price rather than share count or market capitalization.

USDT

Fact Check
The Bitget official support announcement (https://www.bitget.com/support/articles/12560603885303) directly confirms the SPCXUSDT contract was delisted at 15:00 and relisted at 16:00 (UTC+8) on June 9, 2026, repriced based on the updated 13.08 billion share count (up from 11.87B). PANews and Odaily corroborate the cross-platform context: divergent rebase decisions across Binance, OKX, and trade.xyz created arbitrage opportunities of around 10%, exactly as the claim describes.
Summary

Bitget said it delisted and relaunched SPCXUSDT pre-IPO perpetual futures on June 9, 2026 after updating the contract’s pricing basis to reflect SpaceX’s latest estimated share capital of 13.08 billion shares, versus the 11.87 billion-share estimate used when the product was first listed. TradeXYZ separately clarified on June 10, in an X post, that its SpaceX Pro-IPO contract is a price-based perpetual contract that does not use share count or market capitalization as inputs, instead referencing the market-implied per-share price of SpaceX common stock. The differing approaches highlighted reported potential arbitrage opportunities across SPCX-linked venues.

Terms & Concepts
  • pre-IPO perpetual futures: Derivative contracts that track the expected value of a company before a potential stock market listing without expiring on a fixed date.
  • external oracle: A third-party data feed used by trading platforms to supply reference prices or other market data to contracts.
  • arbitrage: Profiting from price differences for similar instruments across different markets or venues.