TechFlow News: On June 9, Bitget Wallet opened subscriptions for SpaceX’s tokenized IPO stock SPCXx, with a minimum purchase amount of $10 and a per-user cap of $5,000 on a first-come, first-served basis. The initial allocation of $3 million sold out within 20 minutes; the second round—$10 million—officially opened for subscription at 23:00 on June 9.
SPCXx is issued by xStocks, a tokenized stock trading platform. Its indicative subscription price is $141.75 per share (IPO reference offering price of $135 plus a 5% underwriting fee of $6.75). The first round of subscriptions opened at 16:00 Beijing Time on June 9 and officially closed at 12:00 on June 10. Upon subscription completion, SPCXx tokens will be automatically delivered to users’ wallets, with distribution expected to conclude by 24:00 on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier status, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. Additionally, Bitget Wallet employs an equal-subscription model: final share allocation equals the subscription amount divided by (final IPO offering price + 5% underwriting fee), with no pro-rata reduction applied.
The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed—wherein tokenized shares are issued by Backed backed 1:1 by underlying assets. Note that the $135 subscription price is not a fixed offering price; the final IPO offering price will be determined jointly by the issuer and underwriters after comprehensive assessment of order book demand, market conditions, and valuation factors. If the final offering price does not exceed 20% above the indicative price, subscription allocations will be automatically confirmed at the final price. After the subscription period ends, users should return to the subscription page to view the final offering price. During the subscription period, users see only a reference price range; the final offering price will be set shortly before listing. According to Reuters, SpaceX’s IPO will officially list on the Nasdaq on June 12 under the ticker symbol SPCX, with 555.6 million shares offered and approximately $75 billion raised.
