SpaceX stock climbed 8% on day two, pushing gains past 25%. Tokenized SPCX hit Solana, while Hyperliquid recorded $1.3B in perp volume on debut.
Alpha Score of 36 reflects weak overall profile with weak momentum, poor value, moderate quality, poor sentiment.
SpaceX stock rose for a second straight trading day on June 15, gaining 8% intraday and extending its total post-IPO rally past 25%. The company debuted on Nasdaq at $135 per share on June 12 and closed day one at $160.95. By Tuesday’s session highs, SPCX was trading above $173.
The offering raised $75 billion from 555.6 million shares, the largest IPO in history. Musk’s stake in the company was valued at roughly $690 billion at the offering price, making him the first person with a reported net worth exceeding $1 trillion.
Crypto markets moved quickly to bolt onto the event. Tokenized exposure to SPCX shares appeared on the Solana blockchain within hours of the first trade. These synthetic products let crypto-native investors track SpaceX equity without opening a brokerage account.
Hyperliquid posted $1.3 billion in volume for perpetual futures tied to SPCX on debut day alone, a figure that signals strong demand for leveraged exposure outside traditional equity derivatives markets.
SpaceX holds 18,712 Bitcoin on its corporate balance sheet. That position ties the company’s valuation to Bitcoin’s price action and reinforces the narrative that digital assets belong in institutional treasury allocations.
The tokenized SPCX market carries a risk premium. Price oracles on Solana can lag during volatility. Liquidity on decentralized platforms may dry up when it is needed most. Smart contract vulnerabilities add another layer of exposure that regulated brokerage accounts do not have.
The IPO’s second-day strength suggests continued appetite both in equity markets and in the perp ecosystem. Traders tracking the crypto spillover will watch whether SPCX perpetuals maintain volume above $500 million per day and whether tokenized supply expands to other blockchains. The 18,712 BTC holding means every dollar move in Bitcoin shifts SpaceX’s treasury value by roughly $18,700, a direct link between the two asset classes that most IPO stocks do not have.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.