SpaceX Shares Soar 26% to $172.31; Binance Scraps Pre-IPO Token Campaign
SPCX•SPCX•SPCX•SPCX•Binance refunded customers after xStocks failed to secure SpaceX pre-IPO token allocations and is distributing $1 million in SpaceX shares via bStocks. Shares opened at $135 and jumped over 26% to $172.31, boosting SPCX’s valuation above $2.2 trillion and coinciding with a 2% slide in Tesla shares.
Crypto exchanges Binance and Bybit refunded customers after xStocks failed to secure allocations of SpaceX pre-IPO tokens, highlighting limitations in tokenized equity exposure.
Binance is distributing $1 million in SpaceX shares via its bStocks platform to participants of the canceled token campaign, aiming to preserve user confidence.
SPCX began trading at $135 per share and climbed over 26% to $172.31, pushing SpaceX's market capitalization above $2.2 trillion.
Tesla's market cap remained near $1.2 trillion, and its shares slipped about 2% as investors reallocated funds to SpaceX following the IPO surge.
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