Tokenized SpaceX Stock Launches on Solana Blockchain on IPO Day
On June 12, 2026, tokenized SpaceX shares (ticker SPCX) will begin trading on the Solana blockchain, coinciding with SpaceX’s Nasdaq IPO. Issued by Backpack Securities and also listed by Dinari on Hyperliquid, the tokens are redeemable for actual SpaceX shares and support 24/7 trading, self-custody, dividends, and corporate actions. SpaceX targets a ~$1.75 trillion valuation. The initiative aims to democratize access to U.S. equities for global investors, bridging traditional finance and decentralized finance.
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SpaceX Perpetual Futures Become Hyperliquid's Largest Market
SpaceX perpetual futures contracts have become the largest market on decentralized exchange Hyperliquid, recording $1.4 billion in trading volume on June 12, the day of SpaceX's IPO. This represents about 30% of all trading volume on Hyperliquid. Stock-linked perpetual futures are growing rapidly on the platform, collectively accounting for $18.8 billion in trading volume during the first half of June. Perpetual futures are derivative contracts without expiration dates, allowing indefinite position holding. The perps market, traditionally dominated by commodities and cryptocurrencies, has expanded to include stocks like SpaceX. Hyperliquid serves as a 24/7 venue for hedging and speculation on U.S. stocks outside regular market hours. Since its IPO, SpaceX stock (SPCX) has risen over 20% to $192.50 per share.
Yahoo FinanceSpaceX Perpetual Futures Become Hyperliquid's Largest Market Following IPO
SpaceX perpetual futures contracts have become the largest market on decentralized exchange Hyperliquid, recording $1.4 billion in trading volume on June 12, the day of SpaceX's IPO. This represents about 30% of all trading volume on Hyperliquid. Stock-linked perpetual futures are growing rapidly on the platform, collectively accounting for $18.8 billion in trading volumes during the first half of June. Perpetual futures are derivative contracts with no expiration date, allowing investors to speculate on asset prices without owning them. Traditionally dominated by commodities and cryptocurrencies, the perps market has expanded to include stocks like SpaceX. Hyperliquid provides a 24/7 venue for U.S. stock hedging and speculation outside regular market hours. SpaceX stock (SPCX) has risen over 20% since its IPO and currently trades at $192.50 per share.
Yahoo FinanceSpaceX IPO Highlights Blockchain-Based Perpetual Futures as Wall Street Challenger
SpaceX's $2 trillion IPO has spotlighted blockchain-based exchanges like Hyperliquid and Binance, which offered perpetual futures (perps) on SpaceX before its public debut. Perp market traders effectively had early access to SpaceX, with trading prices closely aligning with later stock market prices. On Hyperliquid, over 7 million SpaceX perps traded for $1.2 billion in volume on the IPO day, while 500 million shares traded in the stock's debut. The perp pricing accuracy pressures traditional exchanges like CME, Cboe, and Nasdaq, which saw stock declines after the CFTC approved Kalshi to offer bitcoin perps. The IPO itself was considered smooth, with shares closing at $160.95 for a $2.1 trillion market cap. For crypto advocates, this success story demonstrates blockchain's potential as a Wall Street disruptor, with Hyperliquid's token up over 150% this year.
US Top News and AnalysisAI coins surge after Elon Musk rings the bell
On June 12, 2026, Elon Musk's SpaceX began trading on the Nasdaq after a massive IPO, pricing 555.6 million shares at $135 each to raise $75 billion, valuing the company at $1.77 trillion. Following the event, crypto traders on Hyperliquid actively traded the SpaceX-linked SPCX perpetual futures contract, which reached $172 with over $1.1 billion in volume. Additionally, several decentralized AI cryptocurrencies rallied: SQD rose 10%, TIG surged 8%, AIN jumped 7%, COAI gained 6%, and PIEVERSE increased 5% within four hours. The article highlights the intersection of traditional finance, space technology, and decentralized AI blockchain projects.
Yahoo FinanceSpaceX's $75B IPO Comes with $1.2B in Bitcoin
SpaceX completed the largest initial public offering in history, raising $75 billion and beginning trading on Nasdaq under the ticker SPCX. The company disclosed holdings of 18,712 bitcoin, valued at approximately $1.2 billion, providing investors with indirect exposure to the cryptocurrency. The IPO marks a significant milestone for the aerospace company founded by Elon Musk, combining traditional equity markets with digital asset exposure. CoinDesk's Sam Ewen reported the development on 'CoinDesk Daily' via Yahoo Finance on June 12, 2026.
Yahoo FinanceDinari Lists Tokenized SpaceX Equity Token for Spot Trading on Hyperliquid's HyperCore
Dinari has launched a tokenized SpaceX equity token, $SPCXD, on Hyperliquid's HyperCore platform, marking the first tokenized US stock available for spot trading on the venue. The token is backed 1:1 by real SpaceX shares held in regulated custody and carries dividend and redemption rights for compliant holders. This launch precedes SpaceX's planned Nasdaq debut on June 12, 2026, under the ticker SPCX, targeting a valuation near $1.75 trillion. Unlike synthetic SpaceX perpetuals already trading, SPCXD offers actual ownership rights. Dinari is accepting pre-orders and expects first trades between $180-$200, above the $135 IPO price. The token is available to eligible investors in over 85 countries through both traditional finance and DeFi channels.
Yahoo FinanceTokenized SpaceX Stock to Launch on Solana on IPO Day
A tokenized version of SpaceX stock (NASDAQ: $SPCX), issued by Backpack Securities, will be available on the Solana blockchain on the same day the company begins trading on the Nasdaq. SpaceX is targeting a valuation of around $1.75 trillion, potentially reaching $2 trillion on its first day, making it one of the most valuable companies globally despite being unprofitable. The tokenized shares can be redeemed for actual shares via Backpack's brokerage platform. This move is seen as a major milestone for crypto markets, offering 24/7 trading and greater accessibility. Backpack CEO Armani Ferrante emphasized the goal of making securities portable across financial systems.
Yahoo FinanceTokenized SpaceX Stock to Launch on Solana on IPO Day
A tokenized version of SpaceX stock, issued by Backpack Securities, will be available on the Solana blockchain on the same day the company begins trading on the Nasdaq under the ticker SPCX. SpaceX is targeting a valuation of around $1.75 trillion, potentially making it one of the most valuable companies globally despite being unprofitable. The tokenized shares can be redeemed for actual shares via Backpack's brokerage platform. This move represents a milestone for crypto markets, offering 24/7 trading accessibility and flexibility. Backpack CEO Armani Ferrante emphasized the goal of making underlying securities portable across financial systems. The article also includes links to other crypto-related news stories.
Yahoo FinanceSolana Users Can Trade Tokenized SpaceX Stock Starting June 12
Starting June 12, 2026, Solana blockchain users will be able to trade SPCX, a tokenized version of SpaceX shares, on the same day as SpaceX's IPO on Nasdaq. Unlike most tokenized stocks that only offer price exposure, SPCX can be redeemed for actual SpaceX shares and transferred to traditional brokerages via Backpack Securities. The token trades 24/7 on Solana, including weekends and holidays, and can be self-custodied in wallets like Backpack, Phantom, and Solflare. Dividends and corporate actions are supported across both tokenized and traditional models. The launch by Sunrise and Backpack Securities aims to open U.S. equity markets to global investors, similar to how stablecoins democratized access to the U.S. dollar. SpaceX is expected to list at $135 per share in what would be the largest IPO in market history.
Yahoo FinanceSolana Users Can Trade Tokenized SpaceX Stock Starting June 12
Starting June 12, 2026, Solana blockchain users will be able to trade SPCX, a tokenized version of SpaceX shares, on the same day as SpaceX's Nasdaq IPO. Unlike most tokenized stocks that only offer price exposure, SPCX can be redeemed for actual SpaceX shares through Backpack Securities and transferred to traditional brokerages. The token trades 24/7 on Solana, can be self-custodied in wallets like Phantom and Solflare, and supports dividends and corporate actions. The launch aims to open U.S. equity markets to global investors, similar to how stablecoins democratized access to the U.S. dollar.
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