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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAs investors increasingly seek exposure to mega-cap tech firms before their official listings, Hyperliquid has expanded its perpetual futures offerings to include SpaceX and Cerebras Systems prior to their IPOs. According to reports, this move enables traders to speculate on the valuations of these high-profile companies in the pre-IPO phase. The platform is also currently hosting pre-IPO perpetuals for a Chinese memory manufacturer, signaling a strategic expansion of its asset catalog.
This expansion occurs as the Decentralized Finance (DeFi) sector intensifies its competition with traditional platforms that offer private equity stakes. Compared to platforms like EquityZen or Forge Global, which often require high investment minimums, Hyperliquid’s perpetual contracts offer greater flexibility and immediate liquidity. Per market data, interest in Cerebras Systems has surged recently following reports of its intent to challenge Nvidia's dominance in the AI chip market.
Regarding price performance, the SPCX instrument stood at $131.11 (at close July 16, 2026), with session volatility ranging between $130.74 and $137.76. Traders are now monitoring for any official updates regarding the IPO timelines of these companies, as formal filings are expected to trigger significant volatility in the pre-IPO contracts currently trading on the platform.