SpaceX will make history with its highly anticipated IPO, bringing trading to both Nasdaq and blockchain platforms.
Speaking on CNBC, Solana Foundation President Lily Liu said that tokenized SpaceX shares will be available on the Solana network as soon as the stock becomes available in traditional markets. Industry leaders view the move as a major step toward making financial markets more accessible through blockchain technology.
According to Liu, finance should be available globally and continuously, not limited by market hours or geography.
She explained that tokenized versions of SpaceX stock will be available on platforms including Ondo Finance, xStocks, and Sunrise, allowing users worldwide to gain exposure via blockchain networks.
SpaceX Shares Go On-Chain
SpaceX is expected to price its IPO at $135 per share, valuing the company at roughly $1.75 trillion. The stock will trade under the ticker SPCX on Nasdaq.
At the same time, tokenized versions of SpaceX shares will launch on Solana through platforms including Backpack Securities and Sunrise DeFi. According to Solana, Backpack Securities backs every SPCX token with a real SpaceX share and offers 1:1 redemption.
This means investors will be able to gain exposure to SpaceX stock directly. On-chain, while benefiting from 24/7 trading, which traditional stock markets cannot offer.
Solana Pushes Global Access
Liu stressed that blockchain is becoming more than just a home for crypto assets. She described Solana as a financial infrastructure that can provide global access to markets for anyone with an internet connection.
With 5.5 billion internet users worldwide, tokenized stocks could expand access to assets beyond traditional market hours, geographic barriers, and brokerage restrictions.
