Hyperliquid was already able to trade SpaceX's valuation last year, and a certain trader has already realized a 760% gain.

2026.05.20 13:28:13

As of May 20, monitoring from Hyperinsight shows SpaceX’s IPO is in the final countdown to its listing, with the market widely anticipating it will set a new record for the largest IPO ever. Among SpaceX-related pre-IPO contracts, one early strategic investment has already generated a 760% return. A strategic investor using the wallet address 0x258 opened a 2x-leveraged long position right after the SPACEX/USDH trading pair (hosted by Ventuals) launched on Hyperliquid. Their average entry price was roughly $445, which translates to a $4.45 trillion valuation. The initial outlay for this position was just $31,500; as of press time, the position has a floating profit of $239,700—an over 760% return. Notably, this same wallet also made significant gains from longing Anthropic 110 days ago. Additionally, on the recently launched SPCX/USDC trading pair (hosted by trade.xyz) on Hyperliquid, the largest long position holder—wallet 0x4e2—opened a 5x-leveraged long position of 16,540 units, with a position value of around $3.37 million. Their average entry price was $203, which works out to a $20.3 trillion valuation, and their liquidation price stands at $147.3. Hyperliquid currently hosts two primary pre-IPO contracts tied to SpaceX, per reports: 1. SPCX/USDC (hosted by trade.xyz): Launched May 18, its current price maps to an ~$20.3 trillion valuation, with daily trading volume topping $7.7 million—making it the more actively traded option. 2. SPACEX/USDH (hosted by Ventuals): Launched around November 13 last year (its price is tied to a $10 billion valuation unit), at launch, the contract price equated to a ~$400 billion SpaceX valuation. Its current price puts the implied valuation at ~$21.4 trillion, a massive year-over-year jump. Current open interest is ~$4.47 million, with daily trading volume sitting at just ~$123,000. Wallet Addresses: - 0x25821b2248d939b95563a1515ee97e45d32b51a8 - 0x4e23288cee4960f9f962195c22948e4bc7ae20c3 HyperInsight Bot is now live. To automatically sync on-chain data, add @HyperInsightBot to your group and grant it admin privileges (enable message sending permission).

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