BP token surged by 27% in a single day after SpaceX's stock debut on Solana.
The platform, Backpack Securities, launched its tokenized SpaceX product, SPCX, on June 12, giving users access to trade redeemable SpaceX shares directly on the blockchain.
SpaceX priced its IPO at $135 per share, raising a record-breaking $75 billion. The stock opened with intraday gains ranging from 11% to 21%, making it one of the most watched tickers on the planet.
Backpack Securities' BP token had already rallied approximately 87% earlier in June after announcing its creation as both a stock brokerage and tokenization entity.