SpaceX has launched its initial public offering (IPO), providing traders with the opportunity to invest through traditional equity or via crypto-native perpetual contracts. The IPO allows investors to purchase SpaceX stock directly or trade SPCX perpetual contracts on the Hyperliquid platform. This dual approach offers flexibility in investment strategies, catering to both traditional stock market participants and cryptocurrency traders. The choice between owning stock and trading perpetual contracts involves different mechanics and risk profiles, which investors should carefully consider.