SpaceX IPO Friday.SPCX.xyz trades now.
Take a directional view via SPCX.xyz — a synthetic perpetual on Hyperliquid that tracks SpaceX's price, settled in USDC. Mirror a verified trader's position with your own wallet, their thesis, your risk caps. You don't own shares — you own a leveraged bet on a number.
// synthetic perp · Hyperliquid xyz builder · not equity · derivatives risk applies
// listed// the event · confirmed
The largest IPO in stock market history.
// pricing
Thu Jun 11
after market close
// first trade
Fri Jun 12
Nasdaq · ticker SPCX
// target price
$135 / share
$75B raise
// valuation
$1.75T
largest IPO ever
SpaceX's S-1 was filed publicly with the SEC on May 20, 2026. The roadshow launched June 4. Pricing lands Thursday after the close, with the first trading day targeted for Friday on Nasdaq under the ticker SPCX. Hyperliquid has been trading the synthetic version under the same ticker since May 18. On its first day on Hyperliquid, the synthetic recorded $33M in volume and spiked from $150 to $216 within hours. Today, 85% of Hyperliquid SPCX traders are long ahead of Friday.
// synthetic perp deployed via the xyz HIP-3 builder on Hyperliquid · oracle-priced
// live on hyperliquid
SPCX.xyz
livesynthetic perp · xyz builder · 24/7 trading · long or short with leverage
// chart status
Live via Hyperliquid WebSocket · candle + volume update on every fill
// depth note
~$92M daily notional today · expect IPO-day volume to multiply
// how this works
Three steps. One Friday.
Sign up with an email
Magic link to your inbox. No password. KiheiRoad provisions a Turnkey-custodied wallet — KR never holds your funds.
Pick a verified trader
The leaderboard ranks traders by real on-chain P&L. Filter to traders holding SpaceX positions. Free Signal mode lets you watch with zero capital.
Mirror their position
Auto mode ($45/mo): when the trader fires, your wallet fires — scaled to your cap. Approval mode ($25/mo): one-tap to confirm each trade.
// honest risk note
SPCX.xyz is a synthetic perp, not equity. It tracks the underlying via the xyz builder oracle with a funding rate. You can take a long or short position with leverage. Day-1 volatility around an IPO can be brutal — risk caps matter more than ever Friday.
It already broke once. On May 28 the SPCX.xyz market flash-crashed ~45%(from ~$2,277 to ~$1,254) after the oracle mishandled SpaceX's 5-for-1 stock split. 405 traders were liquidated across 1,393 trades, most running 3× leverage on margins under $50. We're not hiding it — it's the textbook risk of a leveraged synthetic priced by an off-chain oracle, and IPO day is the next event that could re-pricing-shock the market.
Most retail traders lose money on copy-trading; never deposit more than you can afford to lose. See full risk disclosure.
Trading SpaceX synthetics already?
Apply as a verified Founder this week and lock in $19 per active follower per month, in USDC, forever. Friday will produce the biggest acquisition wave KR ever sees. Onboard now, your Founder slot pays out on every follower you bring in for as long as they stay subscribed.
// 100 followers
$1,900/mo
$22.8k/yr
// 1,000 followers
$19,000/mo
$228k/yr
// 10,000 followers
$190,000/mo
$2.28M/yr
// 98 HL founder slots remaining · 100 SOL founder slots open · once a pool fills, it permanently closes
// the meme side
The IPO will drop in two directions.
Hyperliquid captures the macro thesis — the perpetual synthetic. Solana captures the meme economy that lights up around every market-defining event. KR is the only platform that plays both wedges from one wallet.
- Verified HL traders running directional SPCX.xyz positions — live this week
- Solana copy — Helius indexer + Turnkey fanout shipped, traders onboarding now
- One wallet, two venues — independent risk caps per trader, per venue
- Built-in guardrails: liquidity floor, slippage rejection, aggregate cap to protect followers from exit-liquidity scenarios
// hyperliquid
Macro thesis
SPCX.xyz synthetic perp. Long/short with leverage. Tradeable 24/7. Verified traders' positions visible in real-time on the leaderboard.
// solana
Meme rotation
Copy verified SOL traders rotating sentiment-driven names via Jupiter. Indexer + Turnkey signing live. Trader onboarding open at /traders/solana — leaderboard fills this week.
// what people are asking
Honest answers.
Is this actual SpaceX equity?
No. SPCX.xyz is a synthetic perpetual futures contract on Hyperliquid via the xyz builder. It tracks the underlying via an oracle and pays a funding rate between longs and shorts. You can be long or short with leverage. You do not own equity, you own price exposure.
What happens to the synthetic when the actual IPO opens Friday?
The synthetic will track the underlying price more tightly once the real equity is listed. Expect significant volatility during the open window. Spread, slippage, and funding rates may move sharply for the first 24–72 hours.
Do I need to know how to trade?
No. Signal mode (free) just narrates what verified traders do in plain English. Approval mode ($25/mo) lets you one-tap to fire each trade. Auto mode ($45/mo) fires trades for you within risk caps you control. You graduate up the ladder at your own pace.
How does KR make money?
Three streams: $25/mo Approval subs, $45/mo Auto subs, and a 0.05% builder fee on Auto-mode trades paid on-chain transparently. We never hold your funds — your USDC stays in a Turnkey-custodied wallet that you control. You can revoke our signing access at any time.
What if a trader I follow blows up on Friday?
Your risk caps run on every trade — max position size, max leverage, max daily loss — enforced server-side before any order fires. A trader going on tilt cannot break you. You can also pause or unfollow any trader instantly.
What if I want to be the trader, not the follower?
Apply at /traders (HL) or /traders/solana. If you're one of the first 100 verified traders per venue, you become a Founder — locked at $19/follower/month forever.
// friday is the window
Synthetic perp.Your wallet, their thesis.Your risk caps.
Sign up free in Signal mode. Watch verified traders narrate their SPCX.xyz perp positions in real time. Graduate to Approval or Auto when you're ready to mirror. You don't own equity; you own a leveraged directional bet, settled in USDC.
// not investment advice · synthetic perp via hyperliquid xyz builder · most retail traders lose money