Decentralized crypto exchange Hyperliquid is offering pre-IPO trading for SpaceX. The exchange is offering a synthetic derivative contract that tracks SpaceX’s suggested share price. Moreover, there is no brokerage account or investor accreditation required. According to reports, SpaceX is aiming for a $1.8 trillion valuation after its initial public offering on June 12, 2026. Let’s discuss if the pre-IPO offering will lead to any price changes for the exchange’s native token, HYPE.
Will Hyperliquid Rally After SpaceX Pre-IPO Offering?
Hyperliquid (HYPE) seems to be defying the market trend. While most other assets have faced price corrections, HYPE has been on a roll over the last few days. The asset climbed to a new all-time high of $64.27 on May 24, 2026. According to CoinGecko data, HYPE’s price has risen by 3.2% in the last 24 hours, 37.6% in the last week, 48.8% in the 14-day charts, and 52.3% over the previous months. The asset has also rallied by 80.2% since late May 2025.
Hyperliquid’s (HYPE) latest price rally began before the exchange’s pre-IPO offering for SpaceX. In fact the rally took off after the launch of spot ETFs. Moreover, Goldman Sachs has revealed that it has a position in a Hyperliquid related firm, as per its recent 13f filing with the SEC. The financial institution has purchased 654,630 shares of Hyperliquid Strategies Inc. (PURR), worth around $3.3 million.
Also Read: Hyperliquid Tops Crypto Fee Market Amid Goldman Sachs Buy
There is chance that Hyperliquid (HYPE) will continue its upward momentum over the coming days, given that investors may flock to its pre-IPO SpaceX offering. Moreover, HYPE’s spot ETF has also garnered substantial interest. Both attractions could lead to a continued price rally for the asset.
However, the larger crypto market seems to be cooling off. Investors could choose to book profits and move their funds to other safer bets. Such as development could lead to a price correction for Hyperliquid (HYPE).
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