$SPCX —— Space dreams on the chain—have you boarded? SpaceX is listed on Nasdaq under the code SPCX, the largest IPO in history, priced at $135, surging to $160 on day one, with a market cap breaking $2 trillion. Elon Musk has officially become the world’s first trillionaire.


But do retail investors want to buy real shares? US brokerage account thresholds, time zone restrictions, one share at $150+… Backpack Securities has moved SpaceX stock onto Solana. 📌 $SPCX Core highlights: • 1:1 backed by real SpaceX stock, issued and custodied by SEC-registered broker Backpack Securities • Redeemable for real shares, transferable to traditional brokerage accounts • 24/5 on-chain trading, zero-threshold account opening • Holders have exceeded 12,600, with trading volume on the first day of $90M+ • Solana accounts for 94% of all tokenized stock trading volume ⚠️ But the risks you must know: • 96% of the supply is held by the team, with a single wallet controlling >40%; after a 67-day lock-up period, the sell pressure is extremely heavy • The token market cap is only ~$7.6M, while the underlying SpaceX market cap is $2T+—a severe mismatch in scale • The previous subscription for xStocks’ version SPCXx was fully refunded due to delivery failure—promises ≠ delivery • SpaceX itself is still losing money (net loss of $5B in 2025); the valuation relies entirely on future narrative 💡 One-sentence summary: $SPCX It’s the cutting-edge experiment of RWA tokenization—leading in technical architecture and compliance validation compared to peers, but the ticket distribution structure and scale mismatch are the hard flaws. $BEAT $LAB $H #0成本拿2股SK海力士 #以太坊基金会重组降本 #苏格兰VS巴西
SPCX-4.13%
BEAT-16.32%
LAB3.47%
H-17.60%
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GlassCityAfterTheRain
· 1h ago
RWA on Solana is indeed smooth, but the underlying SpaceX itself loses $5 billion a year. This valuation entirely depends on Musk's pie-in-the-sky promises. Trading on-chain is just trading; don't really treat it as value investing.
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SilverCubeInsomnia
· 1h ago
This chip distribution looks terrifying. 96% is held by the team, with a single wallet controlling over 40%. How do we handle the selling pressure in 67 days? No matter how appealing the RWA narrative is, it still depends on whether it can withstand the unlock.
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UncleConan
· 2h ago
Buy the dip entry 😎
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