Crypto Firms Scrap Tokenized SpaceX Share Offerings as SPCX Surges After IPO

Crypto Insight Summary: Image: Shutterstock/Decrypt]( Crypto Firms Scrap Tokenized SpaceX Share Offerings as SPCX Surges After IPO * * * By Edited by Jun 12, 2026 Jun 12, 2026 2 min read X owner Elon Musk. Image: Shutterstock/Decrypt Create an account to save your articles. Add Decrypt as your preferred source to see more of our stories on Google. * Three crypto exchanges cancelled campaigns that sought to provide access to the SpaceX IPO. * The firms cited tokenized equity platform xStocks' inability to land allocations in the IPO. * Shares of SPCX are up more than 26% from their IPO price of $135. “Due to xStocks’ inability to deliver the underlying assets, no SpaceX allocations were received,” . In addition to refunding the subscribers, Binance is distributing $1 million worth of SpaceX shares via bStocks—its newly introduced tokenized securities offering—equally to those who participated in the SpaceX pre-IPO campaign. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Tokenized SpaceX IPO failure impacts specific platforms but not broader crypto market sentiment.