Bobby Ong: SpaceX pre-IPO perps settled near Nasdaq open, showing crypto's pre-IPO potential

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Jose Antonio Gastelum

02.07.2026

Bobby Ong: SpaceX pre-IPO perps settled near Nasdaq open, showing crypto's pre-IPO potential — Crypto contracts track SpaceX Nasdaq open

Bobby Ong, chief executive officer (CEO) at CoinGecko, reports that his research team has released a new report on how exchanges have expanded into traditional finance over the past 17 months.

He points out that SpaceX's pre-IPO perpetual contracts settled within 5% of its Nasdaq opening price, which he views as a strong use case for crypto trading in pre-IPO markets.

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Ong has recently commented on market events including the departure of Andre Cronje from the Sonic Labs board and a 90% decline in the lab's token over one year. He has also addressed the MSUSD stablecoin losing its peg, cautioning that projected yields may falter if the principal is at risk. These updates follow his ongoing analysis of developments in the crypto sector.

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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