SpaceX tokenized stock (SPCXx) is a tokenized equity product issued by Backed under the xStocks brand, giving on-chain investors 1:1-backed price exposure to SpaceX shares (Nasdaq: SPCX, which completed the largest IPO in history on 2026-06-12 at $135/share per CNBC). Each token is a tracking certificate fully collateralized by real SpaceX shares held with a regulated custodian; it confers economic exposure only — no voting or shareholder rights. SpaceX was the first IPO offered through xStocks: subscription opened via Kraken and xStocks Alliance platforms, and the initial 13M SPCXx allocation was fully subscribed within 30 minutes (Kraken official blog). Unlike Nasdaq, the token trades 24/7 and is deployed across multiple chains (Solana, Ethereum, BNB Chain, Arbitrum, Mantle, HyperEVM, TON) for use in DeFi.
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About SPCXX
Backed's xStocks token giving 24/7, fully-collateralized on-chain price exposure to SpaceX (Nasdaq: SPCX) shares.
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