Pre-IPO perpetual futures
A lot of people want to bet on SpaceX’s stock. A lot of other people want to bet against SpaceX’s stock. In approximately one week, the people who want to bet on SpaceX will be able to do so to their hearts’ content: SpaceX will be publicly traded, albeit with a fairly low float, and you’ll be able to buy as much as you want at some price. People who want to bet against SpaceX will also get more or less what they want at more or less the same time: Once SpaceX is public, you will ...
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