SpaceX IPO validates crypto price discovery but excludes tokenized holders from allocations
By
@cointelegraph
Summary
SpaceX's highly anticipated IPO on June 12 raised $75 billion at $135 per share, valuing the company at over $2 trillion and making Elon Musk the world's first trillionaire. While early investors saw massive gains, crypto traders who held pre-IPO subscription tokens on exchanges like Binance, Bybit, and Bitget were completely shut out of allocations. The IPO validated crypto's role in pre-IPO price discovery but exposed the fundamental limits of tokenized equity access, as retail traders using tokenized platforms received no actual shares.
Source
Twitter / XSpaceX IPO validates crypto price discovery but excludes tokenized holders from allocationscointelegraph.comKey quotes
· 3 pulledSpaceX's hotly anticipated public debut on June 12 raised $75 billion at $135 per share, valuing the company at more than $2 trillion and turning its founder, Elon Musk, into the world's first trillionaire.
Crypto traders, meanwhile, were abruptly cut out of the deal, left holding pre-IPO subscription tokens on platforms like Binance, Bybit and Bitget with no allocation to SpaceX at all.
SpaceX's record IPO validated crypto's pre-IPO price discovery but exposed the limits of tokenized IPO access, as retail traders on major exchanges were shut out of allocations.
You might also wanna read
SpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
Variety·8d agoSpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
variety.com·8d ago
SpaceX's record-breaking $75 billion IPO makes Elon Musk the world's first trillionaire
SpaceX's highly anticipated IPO opened at $135 per share, surging 11% and giving the company a $1.96 trillion market valuation. The offering
21alivenews.com·8d ago
SpaceX shares jump 24% in record-breaking IPO; Elon Musk becomes first trillionaire
SpaceX shares surged 24% in their Wall Street IPO debut, opening at $150 and reaching $168, giving the company a market value of approximate
apnews.com·8d ago
SpaceX's $75 billion IPO could make Elon Musk the world's first trillionaire
Elon Musk's SpaceX is preparing for an IPO this month, aiming to raise up to $75 billion by selling 555.6 million shares at $135 each. This
metro.co.uk·15d ago
SpaceX raises $75 billion in record-breaking IPO, valued at $1.77 trillion
SpaceX, led by Elon Musk, raised $75 billion in its highly anticipated IPO on Thursday, with shares priced at $135, valuing the company at $
channelnewsasia.com·9d ago
SpaceX IPO filing could make Elon Musk world's first trillionaire, CNBC reports
Elon Musk is poised to become the world's first trillionaire following a CNBC report that SpaceX plans an IPO at $135 per share, selling 555
jpost.com·17d ago