SpaceX Listing Ignites $1 Billion Crypto Bets as Retail Investors Scramble

Crypto traders have been betting big on Elon Musk's SpaceX listing, pushing over $1 billion through SpaceX-linked perpetual futures in the last three days.

The surge comes as retail investors face limited allocations in a heavily oversubscribed offering and look for other ways to gain exposure to the company.

However, market history warns that some of the most celebrated technology listings have opened with enormous demand only to punish early buyers with steep first-year losses before settling into longer-term trading patterns.