The June 10 X post described the SpaceX Pro-IPO product as a price-based perpetual contract, outlining how the instrument is structured before any public listing.
TradeXYZ said on June 10 that its SpaceX Pro-IPO contract is a price-based perpetual contract (no expiry futures-like instrument) that does not rely on stock quantity or market capitalization. The explanation was published in an X post and focused on how the pre-IPO product is designed, indicating the contract references price rather than the number of shares outstanding or the company’s overall valuation. The available source material does not include further operational details, but the clarification points to a synthetic trading structure commonly used to give market participants exposure to expected price movements ahead of a potential listing.