Coinbase on Thursday unveiled a new product that lets customers get price exposure to private companies before they go public, starting with a perpetual futures contract –better known as a "perp" – tied to SpaceX. Pre-IPO perps give traders the ability to speculate on the value of a private company without owning shares. Coinbase's first offering is the SpaceX Pre-IPO Perp, a derivative settled in the USDC stablecoin that tracks the private-market valuation of Elon Musk's space company. The