Binance Wallet Launches SPCX x IPO Event, Opens SpaceX Tokenized Stock Purchase

BlockBeats News, June 11, According to the official announcement, Binance Wallet will launch the SPCX x IPO Campaign, opening the SpaceX tokenized security subscription channel to eligible users, participating in the potential IPO price discovery through the xStocks mechanism.

The minimum subscription amount for this event is 100 USDC, with a reference price of around 135 USDC, corresponding to approximately $1.75 trillion valuation. The subscription period is from June 11 to June 12, 2026. Users need to participate by locking USDC, and final allocations will be determined by the issuer and underwriter based on demand, with unallocated funds being fully refunded.

The announcement indicates that SPCXx is a tokenized asset issued by Backed through xStocks, providing only price tracking exposure and does not represent a direct ownership stake in SpaceX stock, nor does it confer dividends, voting rights, or other shareholder rights.

This issuance adopts the Binance Wallet Alpha Points tiered quota mechanism, where different point levels correspond to different subscription limits, with the highest limit set at 500,000 USDC. The official notice also warns that the product carries various risks such as price deviation, liquidity, and issuer credit, and is not open to users from all regions.