TradeXYZ confirms SPCX will not rebase: Initial share count is for reference only and has now been removed from documentation

Odaily reported that TradeXYZ stated on X regarding its SPCX pre-market contract product that TradeXYZ's pre-market contract is a price-based perpetual contract tracking the market's implied price per share of Class A common stock (or common stock). Neither the total share count nor the company's market capitalization serves as input parameters in the market rules, oracle pricing methodology, or final conversion mechanism.

Previously, the official documentation included some educational examples illustrating how users could derive a "reasonable share price" if they had expectations about the company's market cap and total shares. These examples were intended solely to help understand the context, but we received feedback suggesting they could be misleading, and they have therefore been removed from the documentation.

TradeXYZ will not use, publish, or rely on any calculation basis based on total shares or market capitalization in SPCX or any other XYZ markets. Once SpaceX completes its IPO and sufficient external price data becomes available, SPCX is expected to transition to a standard external oracle pricing mechanism. At that point, the contract price is expected to gradually converge toward SpaceX's post-listing public market trading price.