SpaceX Tokenizes Shares for Blockchain Listing Ahead of Record-Breaking IPO

SpaceX is set to launch its initial public offering (IPO) on Friday, aiming to raise $75 billion at a valuation of $1.77 trillion.

The company has announced that tokenized shares will be available on the blockchain via Ondo Finance, xStocks, and Backpack Securities.

Ondo Finance will list the asset as SPCXon, while xStocks will offer $SPCXx on Trojan Trading, and Backpack Securities will launch SPCX on Sunrise. These platforms provide price exposure but are unavailable to U.S. investors.

The announcement follows similar moves by Bybit and the launch of perpetual futures on Coinbase, Binance, and Hyperliquid.