Ondo Launches SpaceX Tokenized Stock on June 12 IPO Debut; Shares Surge 19%

According to Ondo Finance, the company launched SPCXon, a tokenized version of SpaceX common stock, on June 12, coinciding with SpaceX's strong public market debut. SpaceX shares surged approximately 19% during their first trading session, with the aerospace company's market capitalization exceeding $2 trillion and first-day trading volume reaching roughly $80 billion.

SPCXon is now available on Solana, Ethereum, and BNB Chain networks through Ondo Global Markets. Within the first hour of launch, the tokenized stock crossed $1 million in trading volume across tens of thousands of trades, allowing investors to gain blockchain-based exposure to SpaceX equity without relying exclusively on traditional brokerage accounts.