The Trading Pit will let traders take positions in SpaceX shares from the company’s first day on Nasdaq through funded accounts of up to $50,000, the Liechtenstein-based prop firm announced ahead of Friday’s listing, which is set to raise $75 billion in the largest initial public offering on record.
The firm is routing the offer through its Stocks Challenge, a US equities evaluation program it launched in 2025 and which, according to the company, accounted for less than 10% of its active traders and revenue as of April.
Entry fees start at €99, and successful candidates trade with the firm’s virtual capital rather than their own money.
SpaceX is expected to begin trading under the ticker SPCX on June 12 after pricing 555.6 million shares at $135 each, valuing Elon Musk’s rocket and satellite company at $1.75 trillion.
No Leverage, Virtual Capital and a Lower Profit Split
The Trading Pit said the program offers real stocks under no-leverage conditions, although positions are executed in a simulated environment using the firm’s capital. Traders never own SPCX shares, they trade instruments tracking the live exchange price.
The company said participants keep 70% of the profits they generate, with losses capped at the challenge fee.
That split is lower than the 80% the firm cited for its $25,000 stock accounts in a conversation with FinanceMagnates.com in April, when the $25,000 tier was the only size available.
“We fund you to trade real stocks with our capital, not yours,” said Illimar Mattus, founder of The Trading Pit.
The firm, backed by private equity vehicle Pinorena Capital, launched a Seychelles-regulated CFD brokerageearlier this year as part of a wider expansion beyond its evaluation business.
Brokers and Exchanges Got There First
The announcement plugs into a product scramble that has, until now, bypassed the prop trading sector entirely.
CMC Markets and Binance launched SpaceX products on the same day in May, with the CFD broker offering spread bets and the crypto exchange listing USDT-margined pre-IPO perpetual futures.
Bitget added SpaceX as the first name under its IPO Prime token line in April, PU Prime launched a pre-IPO CFD under the symbol SPCXUSD on May 29, and Kraken listed a pre-IPO perpetual with up to 5x leverage this week.
In the US, the prospectus reserved IPO shares for clients of five retail brokerages, including Charles Schwab, Fidelity and Robinhood.
The Trading Pit appears to be the first prop firm to publicly tie its product to the listing, a gap that reflects how few funded-account providers handle equities at all.
As FinanceMagnates.com reported in April, the stock prop field remains measured in single digits.
Trade The Pool, the Israel-based firm backed by The5ers, has run a US stocks and ETFs program since 2022 and routes orders through Interactive Brokers infrastructure with real-time exchange data, a structural difference from The Trading Pit’s simulated setup.
Australia’s Blueberry Funded expanded its evaluation program in 2025 with challenges covering more than 1,000 stock CFDs on MetaTrader 5 and DXtrade, though those are derivatives rather than equity market access.
A $75 Billion Listing Draws Every Distribution Channel
The breadth of SPCX products mirrors the scale of the offering. FinanceMagnates.com reported in April that SpaceX was targeting a debut roughly three times larger than Saudi Aramco’s 2019 record, with Goldman Sachs, Morgan Stanley, Bank of America and UBS competing for underwriting roles.
The result is a fragmented access map, with shares, tokens, perpetuals and synthetic bets sold side by side under the same SpaceX label.
The Trading Pit’s funded-account route adds another variant, one where the trader’s exposure is to a profit split rather than to the stock itself.
This article was written by Damian Chmiel at www.financemagnates.com.Retail FXRead More
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