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OKX completes rebase and contract rename for SpaceX pre-IPO perpetuals
OKX has implemented a rebase for its SPACEXUSDT pre-IPO perpetual futures contract to align pricing with SpaceX’s disclosed share count, concurrently renaming the contract to SPCXUSDT. This adjustment affects position quantities, order pricing, and API identifiers, with specific trading and risk considerations outlined for users.
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According to OKX’s official event announcement, a one-time rebase was executed on the SPACEXUSDT pre-IPO perpetual futures contract on June 2, 2026. This adjustment aligns the contract’s pricing and position quantities with the actual SpaceX share count disclosed in the S-1 filing, resulting in a change in contract identifier to SPCXUSDT.
The rebase applied a 12.52-fold multiplier to position sizes and a corresponding division to prices, and it included specific rules for order handling, API updates, and a temporary trading suspension during execution. OKX highlighted that unrealized PnL was converted to realized PnL and that users should carefully review their positions post-rebase, due to the service and risk considerations detailed in the announcement.
OKX is an international cryptocurrency exchange operating since 2017, offering trading on more than 100 cryptocurrencies and several options for passive income. The platform features a multilingual interface, educational resources, and a mobile app, while utilizing both cold and hot wallet storage for security. For more detailed information, visit the broker profile on Traders Union.
In our previous OKX update on Traders Union, we covered the launch of the X Drops campaign distributing 34,000 NEO tokens to eligible users. For full details on that promotion, see our previous OKX update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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