Markets
Wednesday, 6/24, 02:32 PM
How Retail Traders Chased SpaceX Before Its Record IPO — Through Risky Offshore 'Pre-IPO' Bets
- Before SpaceX's record Nasdaq debut, retail investors crowded into offshore crypto venues offering 'pre-IPO perpetuals' — synthetic derivatives that tracked a price for the rocket maker without conveying any ownership, and that carried leverage, counterparty risk and no U.S.
- investor protections.