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SpaceX Shares Rally 6% as Tokenized Volume Hits $700M After Massive Share Unlock

SpaceX shares rose 6.1% to $114.92 on Thursday, defying widespread expectations that the unlocking of 911.5 million insider shares would flood the market with s…

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SpaceX Shares Rally 6% as Tokenized Volume Hits $700M After Massive Share Unlock
Article image: SpaceX Shares Rally 6% as Tokenized Volume Hits $700M After Massive Share Unlock

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Excerpts from the article

  • SpaceX shares rose 6.1% to $114.92 on Thursday, defying widespread expectations that the unlocking of 911.5 million insider shares would flood the…
  • The unlock more than doubled the tradable float from 639 million shares to about 1.55 billion, representing the largest single-day share release in…
  • The rally spilled immediately into crypto markets, where Gate's tokenized SPCX product recorded nearly $700 million in combined trading volume across…

Can the tokenized market continue to absorb share unlocks without a sustained price breakdown, or will the staggered supply overhang eventually overwhelm the bid?

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