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Crypto Firms Scrap Tokenized SpaceX Share Offerings as SPCX Surges After IPO
Key takeaways
- The crypto firms returned the customer funds after x Stocks, the tokenized equities platform, was unable to secure allocations of the underlying shares, they said.
- “Due to xStocks’ inability to deliver the underlying assets, no SpaceX allocations were received,” Bybit posted on X.
- Binance similarly indicated that as a result of unspecified circumstances outside its control, it would have to cancel its SPCXx—the SpaceX pre-IPO token from xStocks—campaign.
Crypto Firms Scrap Tokenized Space X Share Offerings as SPCX Surges After IPO Logan Hitchcock Sat, June 13, 2026 at 12:50 AM GMT+7 2 min read SPCX Crypto exchanges Binance, Bybit, and Bitget all refunded customers hoping to gain access to a tokenized version of Space X (SPCX) shares on Friday as Elon Musk’s rocket company saw its price rise amid massive hype.
The crypto firms returned the customer funds after x Stocks, the tokenized equities platform, was unable to secure allocations of the underlying shares, they said.
“Due to xStocks’ inability to deliver the underlying assets, no SpaceX allocations were received,” Bybit posted on X.
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