Coming Soon: SPCXUSDT Converting to a Regular Equity Perpetual
Following the listing of SpaceX (SPCX) on Nasdaq, we will be converting the SPCXUSDT pre-IPO perpetual contract into a standard equity perpetual contract on 16 June 2026 at 12:00 UTC.
Read on for full details on what's changing.
What's Changing
The following contract specifications will change at the point of conversion:
Parameter | Current (Pre-IPO) | Post-conversion (Equity Perp) |
Mark Method | LastPricePreLaunch | FairPriceStox |
Base Initial Margin | 20.00% (5x) | 5.00% (20x) |
Base Maintenance Margin | 10.00% (10x) | 2.50% (40x) |
Risk Limit | 50,000 USDT | 150,000 USDT |
Risk Step | 50,000 USDT | 150,000 USDT |
Funding | 0% | Resumes at each 8-hour interval |
Index and Mark Prices
Upon conversion, the .BSPCXT index will be constructed using real-time spot prices sourced from the following exchanges and oracles:
Source | Symbol | Weight |
Chainlink | SPCX/USD | 49.5% |
Pyth | Equity.US.SPCX/USD | 49.5% |
BitMEX | SPCXUSDT | 1% |
For more information about how mark prices are computed for Equity Perps using the FairPriceStox Mark Method, please see here.
At the point of conversion, there may be significant price volatility, as the prevailing pre-IPO mark price could differ materially from the IPO listing price and the newly-constructed .BSPCXT index. We strongly encourage all traders to review their open positions and margin levels ahead of the conversion time.
You can trade the SPCXUSDT perpetual contract here.
About SPCX – SpaceX
SPCX is the official stock ticker for SpaceX, an American private spacecraft manufacturer, launch service provider, and satellite communications company based in Hawthorne, California. Founded in 2002 by Elon Musk, SpaceX aims to reduce space transportation costs and enable Mars colonisation.
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