SpaceX Shares Blast Off Past 25% Gain as Crypto Markets Catch Fire

SpaceX's shares continued their upward trajectory on its second day of public trading, climbing nearly 8% intraday and pushing cumulative gains past 25% from the $135 IPO price. The company raised $75 billion by selling 555.6 million shares, making it the largest initial public offering in history.

The first-day close of $160.95 represented a 19.2% pop that vaulted SpaceX's market capitalization above $2.1 trillion.

Tokenized exposure to SPCX shares launched on the Solana blockchain almost immediately after trading began, allowing crypto-native investors to gain price exposure without touching a brokerage account.