TechFlow News, May 20: According to Hyperinsight monitoring, SpaceX’s IPO is entering its final countdown, with the market widely expecting it to set a new record for the largest IPO in history. In SpaceX-related pre-IPO contracts, an early-position “smart money” address has already achieved a 760% return.
This smart money address (0x258) entered a long position on the SPACEX/USDH trading pair (deployed by Ventuals) on Hyperliquid shortly after its launch, using 2x leverage. Its average entry price was approximately $445 (implying a valuation of $445 billion), and it completed its position with only $31,500. As of press time, this long position has generated an unrealized profit of $239,700—exceeding a 760% return. Notably, this same address also opened a long position on Anthropic 110 days ago and has likewise realized substantial profits.
Additionally, on Hyperliquid’s recently launched SPCX/USDC trading pair (deployed by trade.xyz), the largest current long position—held by address 0x4e2—is leveraged at 5x and holds 16,540 contracts, with a notional value of approximately $3.37 million. Its average entry price is $203 (implying a valuation of $2.03 trillion), and its liquidation price stands at $147.30.
Currently, Hyperliquid hosts two SpaceX pre-IPO contracts:
SPCX/USDC (deployed by trade.xyz): Launched on May 18, its current price implies a valuation of approximately $2.03 trillion, with daily trading volume exceeding $7.7 million—making it significantly more active.
SPACEX/USDH (deployed by Ventuals): Launched on November 13 last year (with valuation denominated in billions), its initial price implied a SpaceX valuation of roughly $400 billion; its current price now implies a valuation of approximately $2.14 trillion—an outsized increase over the past year. Its current open interest stands at around $4.47 million, while daily trading volume is only about $123,000.
Address: 0x25821b2248d939b95563a1515ee97e45d32b51a8
Address: 0x4e23288cee4960f9f962195c22948e4bc7ae20c3
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