Key facts
- Binance Futures will launch a perpetual futures contract for SpaceX (SPCX) on July 20, 2026.
- The contract will be a USDⓈ-M perpetual contract settled against USD1.
- This launch expands Binance's offerings of tokenized traditional finance products.
- Traders can use leverage of up to 25x on the new contract.
- SpaceX stock has recently fallen below its IPO price of $135.
Binance Futures is set to launch a new perpetual futures contract for SpaceX (SPCX) on July 20, 2026, at 09:00 UTC. This instrument will be a USDⓈ-M perpetual contract, utilizing USD1 as its settlement asset, and represents an expansion of Binance's tokenized traditional finance products. The contract will be available for round-the-clock trading, with a minimum order amount of 0.01 SPCX and a lowest notional value of USD1. Traders can apply leverage of up to 25x and utilize the Multi-Assets Mode if eligible. Funding payments will occur every eight hours, with a funding rate range of +1.00% to –1.00% and a 0% interest rate. Binance has stated that the contract's mechanism will not reduce funding times during high funding rates, and funding rate fluctuations within its range will not affect settlements.
The announcement coincides with a period of decline for SpaceX's stock, which closed at $131, down 3%, marking the first time it has fallen below its IPO price of $135. This downturn follows the cancellation of SpaceX's 13th Starship test flight due to a booster issue, with no updated release date provided.