PANews reported on May 7th that OKX has launched pre-IPO perpetual contracts for SPACEX/USDT , OPENAI/USDT , and ANTHROPIC/USDT , opening for trading at 17:00 , 17:15 , and 17:30 ( UTC+8 ) on May 7th . These products are settled in USDT , with a contract value of 1 unit, leverage ranging from 0.01 to 5 times, a fixed daily funding rate of 0% , and support for 24/7 trading. The contracts are currently priced at "one billionth of the company's market capitalization," with an estimated total share capital of 1 billion shares. A rebase will be implemented after the company submits its S-1 filing to disclose the actual share capital. Upon completion of the IPO , the contracts will automatically convert to standard stock perpetual contracts. If the IPO is not ultimately completed, the platform reserves the right to delist the contracts or settle them at its own price. Investors must bear the risks of volatility and potential losses themselves.