- Backpack Securities has announced the launch of SpaceX shares on the Solana blockchain via SunriseDeFi.
- The announcement comes a day after the largest IPO in history from SpaceX as the company plans to launch on the Nasdaq under the ticker “SPCX” on June 12.
- The announcement comes amid a boom in the stock market, which rose $1.4 billion due to the growth of the stock market.
On June 11, Backpack, the leading cryptocurrency exchange on Solana, announced that the tokenized SpaceX share $SPCX is now available on Solana through SunriseDeFi. This announcement comes at a time when SpaceX will make its debut on the Nasdaq under the ticker SPCX on June 12.
SPCX Tokenized SpaceX Shares Launched on Solana via Backpack Securities
This version of SPCX will be offered by Backpack Securities, which is a platform managed by the Solana-based Backpack ecosystem. This offering by Solana will represent a 1:1 ownership of the actual shares issued by the public company.
The announcement will allow users to exchange funds and withdrawals between regular lending accounts and Solana wallets. They can trade stocks with these tokens on the blockchain-based platform at any time.
Backpack Securities has also confirmed the launch of SunriseDeFi, which is an asset gateway developed by Wormhole Labs. Sunrise is a major platform that provides support in the creation of legitimate markets on Solana.
SpaceX is preparing to launch the largest public launch in the company’s history. The company has decided to keep its IPO price at $135 per share, which will help the company raise $1.77 trillion. It is expected to raise about $75 billion, which will help surpass previous records such as the listing of Saudi Aramco. The company submitted its documents to the US Securities and Exchange Commission (SEC) in May 2026. This IPO has caused excitement among investors, and some reports indicate a large subscription.
There are rumors about this IPO among traders because it was given 30% of shares. Apart from this, Goldman Sachs is leading the writing of the deal.
The biggest IPO in history is coming in the midst of a boom in tokenized securitiesdue to the growth of laws clearly around led by the pro-crypto US President Donald Trump. SpaceX’s token model will allow crypto holders to identify themselves to the rocket and satellite company through digital tokens.
Solana has become a blockchain leader for tokenized stocks. In 2025, Backed Finance announced the launch of its xStocks on Solana, which helped bring more than 60 US stocks and exchange-traded funds (ETFs) on the blockchain. There are pre-trademarked stocks available for popular companies such as Tesla, Apple, Nvidia, and others.
Traders can use their shares as collateral in lending protocols such as Kamino or in centralized exchanges such as Jupiter and Raydium.
According to rwa.xyzThe split value of the tokenized stocks is currently around $1.43 billion. In less than 8 months, xSstocks has exceeded $25 billion in total trading volume. Ondo Finance currently has about $867 million in net worth.
The main reason for the growth of tokenized stocks is the great progress in digital asset management systems. Backpack Securities operates as a United States regulated brokerage. This ensures that the tokenized assets are linked to the actual shares in their possession.
This method is directly related to the management policies that have been chosen by Securities and Exchange Commission for tokenized securities, where the transfer agent and broker-dealers can help them allocate shares on the blockchain.
