SpaceX stock is coming to Solana on the same day it lists on Nasdaq
Key takeaways
- The token, issued by Backpack, represents ownership of underlying SpaceX shares and can be redeemed for those shares through Backpack's brokerage platform.
- The launch attempts to bring newly listed U.S. equities onchain from day one.
- SPCX will trade on Solana around the clock, including outside traditional market hours.
The firms making that possible say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets.By Margaux Nijkerk|Edited by Stephen Alpher Jun 11, 2026, 2:00 p.m. 2 min read Make preferred on What to know: Space X shares will begin trading on Solana the same day the company lists on Nasdaq through a tokenized stock called SPCX, issued by Backpack Securities.SPCX can be redeemed for underlying SpaceX shares and transferred between traditional brokerages and Solana, highlighting a broader push by Sunrise and Backpack to bring U.S. stocks onchain.SpaceX (SPCX) shares will begin trading on Solana the same day the company is expected to list on Nasdaq, according to Sunrise, a tokenization infrastructure provider, and Backpack Securities, a regulated brokerage and crypto trading platform, which are launching a tokenized version of the stock called SPCX.
The token, issued by Backpack, represents ownership of underlying SpaceX shares and can be redeemed for those shares through Backpack's brokerage platform. The firms say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets.
The launch attempts to bring newly listed U.S. equities onchain from day one. Backpack says SPCX holders will have a direct redemption path to the underlying security.