By Sidhartha Shukla, Bloomberg
A short squeeze in SpaceX perpetual futures briefly sent the company’s implied valuation to $3 trillion on blockchain-based markets shortly after Monday’s US stock-market close.
The volatile Asia trading on Tuesday for so-called perps, which let traders speculate on a stock’s price around the clock without owning the underlying shares, implied Elon Musk’s rocket and satellite company was at one point worth more than Nasdaq peers Amazon.com Inc. and Microsoft Corp.
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The contracts had retreated to converge with SpaceX’s pre-market trading price of around $203 as of 7:30 a.m. in New York. SpaceX shares rallied 43% in their first two days on the Nasdaq and…
