Key facts
- SpaceX's implied valuation briefly hit $3 trillion on blockchain-based markets.
- The valuation surge was caused by a short squeeze in SpaceX perpetual futures.
- These markets track the value of private companies.
A short squeeze in SpaceX perpetual futures briefly propelled the company's implied valuation to $3 trillion on blockchain-based markets. These platforms track the value of private companies, offering a glimpse into their perceived worth outside of traditional financial instruments.