Bitget and xStocks have launched a new offering that allows retail investors to gain exposure to the highly anticipated SpaceX IPO through tokenized shares, bringing one of the most closely watched public listings to blockchain based markets.
Key Takeaways
- Bitget Wallet has opened subscriptions for tokenized SpaceX IPO shares through xStocks.
- Users can participate with as little as $10 using stablecoins from self custodial wallets.
- The launch comes as Bitget expands its tokenized stock and real world asset (RWA) infrastructure.
- SpaceX is reportedly targeting a $75 billion raise at a valuation above $1.75 trillion.
What Happened?
Bitget Wallet has partnered with xStocks to offer users access to a tokenized version of the upcoming SpaceX IPO. The new product, called SPCX, allows eligible users to gain price exposure to SpaceX shares directly from their self custodial wallets without relying on traditional brokers or centralized exchanges.
The subscription window runs from June 9 to June 11, 2026, with token distribution scheduled for June 12, the same day SpaceX is expected to begin trading on Nasdaq.
Submit interest in the SpaceX tokenized equities ($SPCXx) via @xStocksFi on @BitgetWallet
— Bitget Wallet 🩵 (@BitgetWallet) June 9, 2026
> $5,000 cap/user
> $3M total allocation
> First-come, first-served basis for all Bitget wallet users
Now to Jun 11, 16:00 UTC+8
Reserve your $SPCXx allocation: https://t.co/QdhBLD26L8 pic.twitter.com/vg3jz3SUbC
Bitget Expands Access to Tokenized Equities
The launch marks another step in Bitget Wallet’s broader effort to connect blockchain infrastructure with traditional financial markets. Through the integration with xStocks, users can subscribe to tokenized SpaceX shares using USDT, USDC, and other stablecoins across multiple blockchain networks, including Ethereum, Base, BNB Chain, Solana, and Tron.
Unlike traditional IPO participation, which often requires brokerage accounts and eligibility requirements, the offering is available to Bitget Wallet users with allocations ranging from $10 to $5,000. No account tier or special status is required.
According to Bitget Wallet COO Alvin Kan:
The company says the approach removes many of the barriers that have historically limited IPO participation to institutional investors and select brokerage customers.
SpaceX Offering Highlights Growing Tokenization Trend
The SpaceX launch also reflects the rapid growth of the tokenized RWA market, one of the fastest growing sectors in digital assets.
Bitget cited industry data showing that the tokenized RWA sector has reached approximately $31 billion in cumulative onchain value, while tokenized equities account for around $1.6 billion of that market.
To support this growing segment, Bitget recently upgraded its DEX Aggregator API to enable market order trading for tokenized assets. The infrastructure allows partners to route trades into tokenized stocks using the same framework already used for cryptocurrency swaps.
A key component of the upgrade is an all RFQ multi hop routing system, which verifies each stage of a transaction before it is submitted onchain. According to Bitget, the model is designed to improve execution quality and reduce issues such as partial fills and fragmented liquidity.
The rollout includes integrations with xStocks and Ondo Finance, with additional RWA providers expected in the future.
Alvin Kan said the company built the routing infrastructure to make RFQ execution faster and more predictable without requiring partners to take on market making risk.
How the SpaceX Tokens Work?
The SPCX tokens are backed 1:1 by underlying SpaceX shares held in regulated custody through xStocks. The tokens are fully collateralized rather than synthetic products.
However, holders receive only price exposure to the underlying shares. The tokens do not provide shareholder rights, including voting rights or dividend entitlements.
Val Gui, General Manager of xStocks, highlighted the significance of the launch:
SpaceX is reportedly seeking to raise about $75 billion and has attracted an estimated $150 billion in investor demand ahead of its expected public debut.
CoinLaw’s Takeaway
In my experience, one of the biggest criticisms of traditional IPOs is that everyday investors often get access only after the biggest gains have already happened. I found this launch interesting because it combines the accessibility of crypto infrastructure with one of the most anticipated public listings in recent years. While tokenized shares are not the same as owning stock directly, they could play an important role in making capital markets more accessible to a global audience. If adoption continues to grow, offerings like this may become a standard way for retail investors to access major financial events.
