Published: June 4, 2026 β’ 7:00 PM IST Β· Updated: June 4, 2026 β’ 10:30 PM ISTBy TheBriefWire Editorial Team
Key points
The Coinbase logo is displayed on a smartphone with stock market percentages on the background.
Coinbase on Thursday unveiled a new product that lets customers get price exposure to private companies before they go public, starting with a perpetual futures contract βbetter known as a "perp" β tied to SpaceX.
Pre-IPO perps give traders the ability to speculate on the value of a private company without owning shares.
Coinbase's first offering is the SpaceX Pre-IPO Perp, a derivative settled in the USDC stablecoin that tracks the private-market valuation of Elon Musk's space company.
The product is only available to traders outside the U.S. The unveil comes amid growing demand by retail investors for exposure to high-profile private companies before they reach public markets β an opportunity historically reserved for venture capital firms, private equity funds and accredited investors β at a time when companies are staying private for longer.