Oppenheimer Sees $2.5 Trillion SpaceX Valuation with $190 Target; Solana Tokens Debut
SPCX•Wall Street firm Oppenheimer initiated coverage of SpaceX with an outperform rating and $190 price target, implying a $2.5 trillion market capitalization within 12–18 months. The IPO has attracted celebrity investors like rapper 2 Chainz and producer Mark Burnett, and will offer tokenized shares on Solana redeemable for actual stock on day one.
1. Oppenheimer Initiates Coverage
Oppenheimer became the first major brokerage to start coverage of SpaceX with an outperform rating and set a 12–18-month price target of $190, forecasting a market value of roughly $2.5 trillion. The firm highlighted SpaceX’s vertical integration in AI, satellite internet via Starlink, and manufacturing capabilities as key value drivers.
2. Celebrity Early Investors
Entertainment figures including rapper 2 Chainz and TV producer Mark Burnett hold pre-IPO shares, positioning them for significant gains when SpaceX begins trading. Their involvement underscores the IPO’s broad appeal beyond traditional aerospace investors and may draw additional media attention.
3. Tokenized Shares on Solana
Backpack Securities will issue a tokenized version of SpaceX shares on the Solana blockchain the same day as the Nasdaq listing, allowing 24/7 trading and on-chain custody. Each token can be redeemed for one share of actual stock through Backpack’s brokerage platform, enhancing accessibility for crypto-based investors.
4. Implications for Market Access
The combination of a blockbuster valuation, high-profile backers, and blockchain-based trading could set a precedent for future tokenized IPOs. By extending trading hours and lowering geographic barriers, the initiative may accelerate broader acceptance of digital securities in traditional markets.
