Defillama has begun tracking pre-IPO perpetual futures for Anthropic, OpenAI, SpaceX, and Quantinuum, as onchain traders are racing to bet on the year’s biggest private companies before they go public.
Onchain Markets for Companies That Aren’t Public YetThe markets are spread across several decentralized venues with Defillama noting that SpaceX now has six tracked markets, while OpenAI and Anthropic each have three and Quantinuum has two, hosted on perp-focused platforms including Aster, Lighter, and ApeX. The products are synthetic, i.e. they offer price exposure with no equity rights, settling against a market-implied estimate of each firm’s per-share value.
