SpaceX equity is heading to the blockchain. Shares of the aerospace giant will begin trading on the Solana network the same day the company lists on the Nasdaq. Infrastructure provider Sunrise and regulated brokerage Backpack Securities are launching the tokenized stock under the ticker SPCX.
The digital asset represents direct ownership of underlying SpaceX shares. Investors can hold the token in self-custody wallets, trade it around the clock outside traditional market hours, and redeem it for conventional equity through Backpack’s brokerage platform. This two-way conversion creates a direct bridge between traditional finance and decentralized markets.
The launch signals a broader industry push to migrate U.S. equities on-chain from day one. Backpack CEO Armani Ferrante notes the goal is not merely on-chain price exposure, but true security portability across global financial systems. While stablecoins have already proven blockchain’s utility for payments, tokenized equities now face the test of scaling demand among institutional and retail investors worldwide.