Dear Users,
When the SpaceX (SPCX) contract was listed, the estimated share count referenced was 11.87 billion shares. However, SpaceX's latest prospectus has updated the estimated share count to 13.08 billion shares. To ensure that contract pricing remains aligned with the latest fundamental data and to safeguard the fairness and integrity of user trading, Pionex will implement the following adjustments to the SPCX contract:
- Price Adjustment: Prices will be adjusted based on the latest share count, and the difference will be settled as a one-time fee. Please refer to the detailed explanation below.
- Maintenance Window: June 10, 2026, 08:10 – 09:10 (UTC).
Detailed Adjustment Description
| USDT-Margined Perpetual Contract | SPCXUSDT |
Estimated share count as of May 21, 2026* |
11.87 billion shares |
Adjusted estimated share count* |
13.08 billion shares *The adjusted estimated share count is based on the share count disclosed in the S-1/A filing published on the U.S. Securities and Exchange Commission website. |
Adjustment Coefficient |
1.10 |
Example: Assume a user holds a long/short position in the SPCXUSDT perpetual contract with a contract size of 1 SPCX, an average entry price of 165 USDT, and a mark price of 165 USDT prior to adjustment.
|
Before Adjustment |
After Adjustment (Long) |
After Adjustment (Short) |
Estimated Share Count |
11.87 billion |
13.08 billion |
13.08 billion |
Mark Price (USDT) |
165 |
150=165 / 1.10 |
150=165 / 1.10 |
Average Entry Price (USDT) |
165 |
165 (unchanged) |
165 (unchanged) |
Contract Size (SPCX) |
1 |
1 |
1 |
Unrealized PnL (USDT) |
0 |
(150 − 165) × 1 = −15 |
(165 − 150) × 1 = +15 |
One-Time Fee (USDT) |
— |
+15 (fee income, offsetting new unrealized loss) |
−15 (fee charge, offset by new unrealized gain) |
Net PnL Impact (USDT) |
— |
0 (−15 unrealized loss + 15 fee income) |
0 (+15 unrealized gain − 15 fee charge) |
Please Note:
Based on market risk conditions, Pionex may adjust contract parameters, including leverage, initial margin, maintenance margin, and other key parameters.
Risk Disclaimer:
Digital asset trading involves substantial risk. Please exercise caution and be aware of trading risks. Pionex selects quality assets for listing but assumes no responsibility for guarantees or compensation in relation to any of your trading activities.
If you have any questions, please contact our customer support team via the online chat on the web or app. Thank you for your continued support of Pionex!
Pionex Team
June 9, 2026
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