SpaceX IPO sparks $1.4 billion trading frenzy on Hyperliquid (2 minute read) (opens in new tab)

SpaceX priced the largest IPO in history at $135 per share, and the SPCX perpetual contract on Hyperliquid, live since May as a price discovery vehicle, hit $1.4 billion in daily trading volume around the listing, accounting for ~30% of all HIP-3 stock perp volume and setting a new record for the platform.