Tokenized SpaceX shares are set to hit the market on June 12, simultaneously with the company’s anticipated Nasdaq IPO. The token, trading under the ticker SPCX, will debut on two major platforms: Binance Stocks and Solana-based venues, marking a significant step for real-world asset tokenization.
Binance Stocks announced that it will open whole-share limit order trading for SPCX at 09:05 UTC on June 12. The first day of trading will be limited to Good-Til-Cancelled (GTC) and day limit orders, with market orders unavailable until trading officially begins. Day-one trading ends at 20:00 UTC and resumes on June 15 at 13:30 UTC. The move follows an IPO price fixed at $135 per share, and the token has already seen pre-market activity on Hyperliquid, where the SPCX contract is down 27% from its May peak but remains above $135.
Separately, tokenization infrastructure provider Sunrise and regulated brokerage Backpack Securities are launching a tokenized version of SpaceX stock on Solana. The token, also called SPCX, represents direct ownership of underlying shares and can be redeemed for those shares through Backpack’s brokerage platform. Eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and on-chain markets.
“The future of tokenized equities is not just putting price exposure onchain,” said Backpack CEO Armani Ferrante. “It is making underlying securities portable across financial systems.” This launch aims to bring newly listed U.S. equities on-chain from day one, with SPCX trading on Solana around the clock, including outside traditional market hours. Holders can keep the token in self-custody wallets and trade across Solana-based venues.
The dual debut underscores growing interest in tokenized real-world assets, driven by the success of stablecoins and a push for broader access to U.S. capital markets. Whether demand for tokenized stocks reaches the scale of stablecoins remains uncertain, but the SpaceX SPCX listing could set a precedent.
