TradeXYZ confirms that SPCX will not undergo a Rebase: the initial share count is for reference only and has now been removed from the documentation

Odaily Planet Daily reported that TradeXYZ stated on X regarding its SPCX pre-IPO contract product that TradeXYZ's pre-IPO contract is a price-based perpetual contract that tracks the market's implied price per Class A common share (or common share). The total share count and company market cap are not input parameters in the market rules, oracle pricing methodology, or the final conversion mechanism.

Previously, the official documentation included some educational examples illustrating how users could derive a "reasonable share price" given their expectations for the company's market cap and total share count. These examples were solely intended to help understand the context, but we received feedback that they could easily lead to misunderstandings, so they have now been removed from the documentation.

TradeXYZ will not use, publish, or rely on any calculation basis based on total share count or market cap in SPCX or any other XYZ markets. After SpaceX completes its IPO and sufficient external price data becomes available in the market, SPCX is expected to switch to a standard external oracle pricing mechanism. At that time, the contract price is expected to gradually converge toward the public market trading price of SpaceX after its listing.