Backpack Securities will offer a tokenized version of SpaceX stock on Solana, enabling 24/7 trading alongside its Nasdaq IPO at a $1.75 trillion valuation.
SpaceX will offer tokenized shares on Solana (CRYPTO: $SOL) the same day its stock begins trading on Nasdaq, targeting a $1.75 trillion valuation. The move, facilitated by Backpack Securities, allows investors to trade SpaceX shares around the clock via blockchain technology, bypassing traditional market hours.
The company is expected to be one of the year’s most anticipated IPOs, with its valuation potentially surpassing $2 trillion on debut. SpaceX joins a select group of high-value firms, though its profitability remains unproven. The tokenized shares can be redeemed for actual stock through Backpack’s brokerage platform.
This development marks a milestone for crypto markets, increasing accessibility and flexibility for traders. It could accelerate broader adoption of tokenized U.S. equities, expanding their reach beyond conventional trading windows.