Elon Musk’s SpaceX Could File for IPO This Week, Tokenized Stock Falls
Highlights
- Elon Musk’s SpaceX plans IPO filing with the US SEC as early as this week.
- The company plans to raise more than $75 billion in the IPO.
- SpaceX tokenized stock slips lower amid IPO filing news.
Elon Musk’s space exploration firm SpaceX is moving closer to going public, with a confidential IPO filing potentially landing with the U.S. Securities and Exchange Commission (SEC) as early as this week. SpaceX tokenized stock on secondary markets is falling amid the SpaceX IPO news.
SpaceX Plans to File for IPO with the US SEC This Week
Elon Musk’s SpaceX is targeting a confidential IPO filing with regulators possibly this week or next week, The Information reported on March 24. Elon Musk or the company has not officially commented on the timing, and plans could still shift.
Advisers involved in the preparation predict the company could try to raise more than $75 billion in the IPO. SpaceX could seek a valuation of $1.5 to $1.75 trillion. As per the report, the individual investor portion might exceed 20%.
SpaceX has already lined up major banks as lead underwriters for the IPO. This includes Morgan Stanley, Bank of America, Goldman Sachs, and JPMorgan Chase. The listing is expected in June 2026.
Moreover, SpaceX formally acquired Elon Musk’s artificial intelligence company xAI, making the company a wholly owned subsidiary. It has a combined private valuation of about $1.25 trillion. Elon Musk also confirmed X Money early public access launch in April this year..
Tokenized Stock Slips amid IPO News
While the SpaceX IPO buzz sparked massive buzz in the market, its tokenized stock dropped from its recent peak. As per CoinGecko, SpaceX tokenized stock on PreStocks (SPACEX) fell 0.8%, with the price currently trading at $681.74.
The 24-hour low and high are $681.23 and $699.50, respectively. Trading volume has dropped by 31% ove the past 24 hours. Compared to its all-time high, the current SpaceX tokenized stock price is down by more than 22%.
Institutional interest in tokenization has increased amid regulatory guidance and frameworks. Notably, the SEC approved Nasdaq’s tokenized securities trading proposal. Multiple companies, such as BlackRock, NYSE, and Invesco, also announced their tokenized securities plans.
SpaceX currently holds 8285.45 Bitcoin worth nearly $600 million, according to Arkham Intelligence data. BTC price is trading at $71,113 at the time of writing.
Instant Currency Exchange at BestChange with Ease
- Compare Rates Across 1000+ Exchanges
- Access 250+ Cryptocurrencies & Pairs
- Save Time with Real-Time Price Tracking
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
