SpaceX Stock Is Coming to Solana the Same Day It Lists on Nasdaq
Backpack says SPCX holders can redeem the token for underlying SpaceX shares as crypto firms race to offer onchain access to the IPO.
- On Friday, SpaceX shares will debut on Nasdaq, coinciding with the launch of SPCX, a tokenized version of the stock on the Solana blockchain via Backpack Securities and Sunrise.
- Competition to offer SpaceX equity to crypto enthusiasts is intensifying, as cryptocurrency exchange Bybit announced a similar tokenized offering last week amid growing interest in real-world assets.
- Backpack Securities allows SPCX holders to maintain self-custody and trade across Solana-based venues, with a direct redemption path to underlying SpaceX shares through the brokerage platform.
- Liu told CNBC that these tokenized shares will be accessible globally via platforms including Ondo Finance, xStocks, and Sunrise, bridging traditional brokerage accounts with blockchain markets.
- Backpack CEO Armani Ferrante said the future of tokenized equities involves making securities portable across financial systems, attempting to bring newly listed U.S. equities onchain from day one.
15 Articles
15 Articles
Elon Musk's SpaceX Is Coming To Solana Via Tokenized Shares
Solana (CRYPTO: SOL) Foundation President Lily Liu said on Thursday that tokenized shares of SpaceX will be available on the blockchain as soon as the company lists publicly elsewhere. Solana Set To Welcome SpaceX During an interview with CNBC, Liu said that the shares will be “globally” accessible via tokenization platforms, including Ondo Finance (CRYPTO: ONDO), xStocks and Sunrise. Ondo Finance confirmed the asset will be called SPCXon. More …
The SpaceX aerospace group formalized Thursday the start of its listing on Friday in a document published by the US regulator, the SEC, the last step before the most important market entry in history.
SpaceX Begins Nasdaq Trading With Tokenized Versions Mirroring Largest IPO in History
SpaceX opened for trading on Nasdaq Friday under the ticker SPCX, completing what Nasdaq and Morgan Stanley confirmed as the largest initial public offering in history. The offering was priced at $135 per share and raised $75 billion pre-greenshoe, implying a $1.77 trillion valuation at open.... Read the full story at The Defiant
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
