TechFlow News: On June 9, Bitget Wallet opened its first subscription for the tokenized SpaceX IPO stock SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per person, and the maximum per individual is $5,000—subscriptions are processed on a first-come, first-served basis.
SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135 per token, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. After the subscription period ends, SPCXx tokens will be automatically distributed to users’ wallets, with distribution expected to complete by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange account, VIP status, or minimum asset holding thresholds. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, or TRON.
The SpaceX tokenized IPO operates via xStocks, a collaboration between Bitget Wallet and Backed. Tokens issued on xStocks are backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not a fixed issuance price; the final IPO price will be determined jointly by the issuer and underwriters based on order book demand, market conditions, and valuation considerations. During the subscription period, users typically see only a reference price range, and the final issue price will be confirmed shortly before listing. According to Reuters, the SpaceX IPO will officially list on the Nasdaq on June 12 under the ticker symbol SPCX, offering 555.6 million shares and aiming to raise approximately $75 billion.
