The company's total diluted valuation is projected to be around $1.8 trillion, with trading on the Nasdaq commencing this Friday.
By Helene Braun|Edited by Stephen AlpherUpdated Jun 11, 2026, 8:23 p.m. Published Jun 11, 2026, 8:12 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on (Photo by Apu Gomes/Getty Images)SummaryShow- SpaceX (SPCX) has set its IPO price at $135 per share, leading to a valuation of nearly $1.8 trillion.
- Despite generating around $19 billion in revenue last year, the company has not yet achieved net profitability and holds significant bitcoin assets amounting to 18,712 BTC, worth almost $1.2 billion at current prices.
- In conjunction with its Nasdaq launch, a tokenized version of SpaceX stock will be available on Solana via Backpack, facilitating on-chain trading and redemption of the underlying shares, and testing interest in the intersection of traditional stocks and blockchain markets.
SpaceX has revealed its share price as $135 in a filing with the U.S. Securities and Exchange Commission, paving the way for a highly anticipated public market entry.
The company issued 555.6 million shares at this price, raising $75 billion, which sets a new record for IPOs, surpassing Saudi Aramco's $30 billion from 2019.
The aerospace and satellite firm, led by Elon Musk, is slated to start trading on Nasdaq this Friday under the ticker SPCX, marking the first chance for public investors to purchase shares. With this offering, SpaceX is expected to have a fully diluted valuation of around $1.8 trillion.
This valuation is considered steep, especially since SpaceX reported approximately $19 billion in revenue last year, largely from launches, government contracts, and its rapidly expanding Starlink satellite internet service.
Additionally, SpaceX's substantial bitcoin holdings are noteworthy. As of March 31, the company owned 18,712 bitcoin, which would be valued at just under $1.2 billion based on current prices of around $63,500 per bitcoin.
The public listing will bring these bitcoin assets into the public domain, providing investors with indirect exposure to bitcoin through SpaceX shares. The company’s bitcoin investments have gained attention, particularly as Musk has considered a merger between SpaceX and Tesla (TSLA). Tesla is known for holding one of the largest corporate bitcoin reserves, exceeding 11,500 BTC.
Simultaneously, SpaceX shares will also be available for trading on the Solana blockchain through a tokenized format on the same day as its Nasdaq listing.
This token, created by Backpack, signifies ownership of the underlying shares and can be redeemed for those shares through Backpack’s brokerage services.
This launch marks one of the most significant attempts to integrate newly listed U.S. stocks into blockchain ecosystems from day one of trading. Proponents claim this model could enhance global investor access and liquidity, while critics express concerns regarding regulation, custody, and market fragmentation.
SpaceX’s market entry is anticipated to gauge investor interest in substantial tech offerings and the increasing blend of traditional finance and blockchain technologies.
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RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B
RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B
Tokenized assets reached a record $28.9B in May; marking the tenth consecutive month of all-time highs. The stablecoin market cap also increased to $320B.
By CoinDesk ResearchJun 9, 2026Tokenized assets reached a record $28.9B in May; marking the tenth consecutive month of all-time highs. The stablecoin market cap also increased to $320B.
Why it matters:
Tokenized assets reached a record $28.9B in May; marking the tenth consecutive month of all-time highs. The stablecoin market cap also increased to $320B.
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