SpaceX tokenized pre-IPO markets test pricing as largest-ever IPO nears

Solana-based PreStocks priced SpaceX at $141 per share versus a $135 IPO price less than three hours before trading was set to begin.

Summary

SpaceX was set to begin trading in less than three hours in what was described as the largest IPO in history, creating a closely watched test for tokenized pre-IPO markets across blockchains. Solana-based PreStocks was pricing SpaceX at $141 per share, above the $135 IPO price, highlighting how blockchain-based venues can imply a premium ahead of an equity market debut. The post also pointed to perpetual markets (futures without expiry), though no further pricing detail was included in the provided text.

Terms & Concepts
  • tokenized pre-IPO markets: Blockchain-based trading of representations of private shares before a public listing.
  • Solana: A blockchain network used for crypto applications and token issuance.
  • perpetual markets: Futures markets with no expiration date.