Tokenized SpaceX IPO Subscription Draws $13M in Commitments Within 30 Minutes

The tokenized SpaceX IPO offered by Bitget Wallet has attracted significant interest from crypto users. The subscription, powered by xStocks, received $13 million in commitments on the Solana blockchain within 30 minutes of launch.

This represents four times the initial allocation, which was fully committed within minutes of opening on June 9. In response to strong demand, Bitget Wallet increased the offering size from $3 million to $13 million, but the expanded allocation still sold out in just 30 minutes.

According to Alvin Kan, Chief Operating Officer of Bitget Wallet, 'the rapid sellout demonstrates demand from crypto-native investors seeking direct access to capital market opportunities without relying on traditional intermediaries.' The company noted that users could participate with as little as $10 and no account tier or status requirements were needed.