{"id":9905,"date":"2026-06-16T09:30:06","date_gmt":"2026-06-16T09:30:06","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9905"},"modified":"2026-06-16T09:30:06","modified_gmt":"2026-06-16T09:30:06","slug":"spacex-ipo-fuels-record-trading-surge-on-hyperliquid","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9905","title":{"rendered":"SpaceX IPO Fuels Record Trading Surge on Hyperliquid"},"content":{"rendered":"

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  • SpaceX\u2019s debut at a roughly US$1.7 trillion valuation drove US$1.4 billion in single-day volume on Hyperliquid\u2019s SPCX perpetual.<\/span><\/li>\n
  • The figure marked more than 50 times the contract\u2019s prior daily average of about US$26 million and roughly 30% of all HIP-3 volume that day.<\/span><\/li>\n
  • Stock-linked perpetuals on Hyperliquid have generated over US$18.8 billion in volume this month, outpacing the platform\u2019s oil markets.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    SpaceX\u2019s stock-market debut at a valuation of roughly US$1.7 trillion (AU$2.4 trillion), the largest initial public offering on record, set off a record trading surge on Hyperliquid, where the company\u2019s stock-linked perpetual contract drew US$1.4 billion (AU$1.97 billion) in volume in a single day.<\/p>\n

    The SPCX perpetual\u2019s one-day haul came in at more than 50 times its recent daily average of about US$26 million (AU$36.7 million), and accounted for close to 30% of all transaction volume across Hyperliquid\u2019s HIP-3 markets that day.\u00a0<\/p>\n

    SpaceX priced its IPO at US$135 (AU$190) per share, selling hundreds of millions of Class A shares.<\/p>\n

    Related: SpaceX IPO Frenzy Draws US$250 Billion in Orders, Igniting Buzz Across Wall Street and Crypto Market\u00a0<\/strong><\/p>\n

    A Surge Built on Equity Demand<\/h2>\n

    The episode highlights growing appetite for 24\/7, equity-linked crypto markets that let traders take positions on high-profile stocks outside traditional exchange hours.\u00a0<\/p>\n

    SPCX and related pre-IPO perpetuals had been live on Hyperliquid since mid-May, with open interest frequently exceeding US$200 million (AU$282 million) and implied valuations swinging between US$1.7 trillion and US$2.5 trillion (AU$2.4 trillion to AU$3.5 trillion) in the weeks ahead of the listing.<\/p>\n

    That pre-IPO price discovery gave traders a rare venue to express a view on SpaceX before its shares ever reached a conventional exchange, and the volatility in those implied valuations underscored how uncertain the market remained about pricing the world\u2019s most valuable private company.\u00a0<\/p>\n

    The SpaceX frenzy is part of a broader expansion of Hyperliquid\u2019s HIP-3 framework, which lets builders deploy their own perpetual markets.<\/p>\n

    Those markets have now accumulated more than US$300 billion (AU$423 billion) in cumulative volume and reached a peak open interest of US$3.2 billion (AU$4.5 billion) by mid-June.<\/p>\n

    Related: CFTC Signals Green Light for Sports and Election Prediction Markets in Landmark Rule Proposal<\/strong><\/p>\n<\/p><\/div>\n

    Hyperliquid,IPO,SpaceX#SpaceX #IPO #Fuels #Record #Trading #Surge #Hyperliquid1781602206<\/p>\n","protected":false},"excerpt":{"rendered":"

    SpaceX\u2019s debut at a roughly US$1.7 trillion valuation drove US$1.4 billion in single-day volume on Hyperliquid\u2019s SPCX perpetual. The figure marked more than 50 times the contract\u2019s prior daily average of about US$26 million and roughly 30% of all HIP-3 volume that day. Stock-linked perpetuals on Hyperliquid have generated over US$18.8 billion in volume this<\/p>\n","protected":false},"author":1,"featured_media":9906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1909,281,1721,245,3776,456,244],"class_list":["post-9905","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-fuels","tag-hyperliquid","tag-ipo","tag-record","tag-spacex","tag-surge","tag-trading"],"yoast_head":"\nSpaceX IPO Fuels Record Trading Surge on Hyperliquid - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9905\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX IPO Fuels Record Trading Surge on Hyperliquid\" \/>\n<meta property=\"og:description\" content=\"SpaceX\u2019s debut at a roughly US$1.7 trillion valuation drove US$1.4 billion in single-day volume on Hyperliquid\u2019s SPCX perpetual. 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