Crypto opened the door to SpaceX… before the IPO
Back in 2013, Netflix was still not available everywhere.
And if you wanted to watch certain content outside the US, you either had to wait… or simply find a way around the system.
That was exactly when VPN services exploded.
Not because people wanted a “hack,” but because the internet gave access to something that had previously been limited by geography, intermediaries, and rules.
Today, it feels like we are seeing the same moment again… but this time in finance.
The New Barrier: Private Companies
For decades, access to companies like SpaceX, OpenAI, or Anthropic was reserved for:
- funds
- VC investors
- wealthy and “accredited” investors
- people with connections
If you were not part of that world, you simply waited for the IPO.
And by the time the company finally went public, a huge part of the growth had already happened.
That is one of the reasons why so many people feel like the “big money” is always made before retail investors even get access.
But Crypto Is Starting to Change That
Platforms like Hyperliquid are already offering markets for private companies through perpetual markets.
There, you can already see tickers like:
- SpaceX (SPCX)
- OpenAI
- Anthropic
And trade exposure to them directly onchain.
No broker.
No waiting.
No “you need a $1 million net worth.”
Just a wallet and internet access.
What Are You Actually Buying?
This is an important clarification.
You are not buying real shares of SpaceX or OpenAI.
You are trading a derivative market that tracks the expected valuation of the company.
In other words:
- if the market believes SpaceX could IPO at around a $1.75 trillion valuation
- the perpetual market starts pricing that in ahead of time
Right now, SPCX on Hyperliquid is trading around ~$200, while IPO valuation rumors suggest a price closer to ~$150.
In other words, the onchain market is already “betting” that the valuation will end up being higher.
Why Is This Such a Big Shift?
Because for the first time:
Someone from Bulgaria, the Philippines, or almost anywhere else in the world can get exposure to private AI companies within minutes.
Historically, that was almost impossible.
Just like VPNs gave people access to global content years ago, crypto infrastructure is starting to provide access to financial markets that were previously closed off.
But There Is Also Risk
These markets are still extremely early.
Liquidity is lower.
Prices can detach significantly from actual private market valuations.
And if a SpaceX IPO happens at a lower valuation than expected, long positions could face serious losses.
This is not a “risk-free shortcut.”
But it is a clear signal of where the market is heading.
The Internet Is Removing Another Barrier
First, the internet changed media.
Then communication.
Then payments.
And now it is starting to change access to investments.
And regardless of whether these early onchain markets end up being accurate or not, one thing is clear:
the line between Wall Street and the internet is starting to disappear.
What Does This Mean for Crypto?
Crypto is starting to look less like just an “alternative asset.”
And more like a new financial layer of the internet.
A layer where:
- access is global
- markets operate 24/7
- barriers are lower
- and participation depends less on who you know
That is exactly why so many people are closely watching the development of these onchain markets.
Because they could be the early version of something much bigger.
