Solana News: SpaceX Will Have the Biggest IPO in History, And Its Stock Will Be Trading on Solana the Same Day
Solana News: On June 12, 2026, the similar day SpaceX will probably be buying and selling on Nasdaq at $135/share, elevating $75 billion in the largest IPO on file and valuing the firm at $1.75 trillion, Backpack Securities and tokenization infrastructure supplier Sunrise concurrently launched SPCX, a 1:1 backed tokenized SpaceX fairness on the Solana blockchain.
Each token is custodied by Backpack, a regulated U.S. broker-dealer, with full ACATS/DTCC redemption into any U.S. brokerage account, 24/7 self-custody buying and selling, and a bidirectional bridge again to on-chain from TradFi.
The query the market is asking now: is that this the structural RWA catalyst Solana’s retail narrative has been ready for?
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Solana News: How SPCX Works, The Mechanics Behind the First Day-One Tokenized IPO
SPCX shouldn’t be an artificial or a spinoff. Each token is backed 1:1 by an actual SpaceX share bought and held in custody by Backpack Securities, working below its U.S. broker-dealer registration.
Holders can redeem SPCX for the underlying fairness straight by way of Backpack’s platform, with shares then transferable to any commonplace U.S. brokerage, Schwab, Fidelity, or in any other case, by way of commonplace ACATS/DTCC settlement rails.
The bridge runs each instructions. Investors holding SpaceX shares in a traditional brokerage account can re-tokenize into SPCX, bringing regulated fairness onto Solana’s public chain.
Public Beta is dwell.
Trade actual US shares and ETFs alongside crypto, perps, and yield, all inside one account.
Real possession below New York legislation. Cash dividends, brokerage transfers, and company actions rolling out throughout Public Beta.
24/5. Instant execution. Traditional… pic.twitter.com/lQjugbWawD
— Backpack
(@Backpack) June 9, 2026
That bidirectional mechanism is what separates this from the artificial inventory tokens that FTX and others ran in 2020–21, merchandise that lacked formal custody, registered prospectuses, and seamless brokerage redemption, and that had been in the end shut down below regulatory strain.
Backpack CEO Armani Ferrante framed the architecture plainly: “The way forward for tokenized equities is not only placing worth publicity onchain. It is making underlying securities transportable throughout monetary techniques.”
SPCX trades round the clock on Solana, together with outdoors Nasdaq hours, and will be held in self-custody wallets and routed throughout supported Solana-based DeFi venues.
For Solana particularly, meaning the chain now hosts a regulated blue-chip fairness with retail-accessible self-custody, a structurally completely different asset class than the speculative tokens which have outlined its latest quantity profile.
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