The post Elon Musk’s SpaceX Could File for IPO This Week, Tokenized Stock Falls appeared on BitcoinEthereumNews.com. Elon Musk’s space exploration firm SpaceX isThe post Elon Musk’s SpaceX Could File for IPO This Week, Tokenized Stock Falls appeared on BitcoinEthereumNews.com. Elon Musk’s space exploration firm SpaceX is

Elon Musk’s SpaceX Could File for IPO This Week, Tokenized Stock Falls

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Elon Musk’s space exploration firm SpaceX is moving closer to going public, with a confidential IPO filing potentially landing with the U.S. Securities and Exchange Commission (SEC) as early as this week. SpaceX tokenized stock on secondary markets is falling amid the SpaceX IPO news.

SpaceX Plans to File for IPO with the US SEC This Week

Elon Musk’s SpaceX is targeting a confidential IPO filing with regulators possibly this week or next week, ​The Information reported on March 23. Elon Musk or the company has not officially commented on the timing, and plans could still shift.

Advisers involved in the preparation predict the company could ​try to raise more ​than $75 billion in the IPO. SpaceX could seek a valuation of $1.5 to $1.75 trillion. As per the report, the individual investor portion might exceed 20%.

SpaceX has already lined up major banks as lead underwriters for the IPO. This includes Morgan Stanley, Bank of America, Goldman Sachs, and JPMorgan Chase. The listing is expected in June 2026.

Moreover, SpaceX formally acquired Elon Musk’s artificial intelligence company xAI, making the company a wholly owned subsidiary. It has a combined private valuation of about $1.25 trillion. Elon Musk also confirmed X Money early public access launch in April this year..

Tokenized Stock Slips amid IPO News

While the SpaceX IPO buzz sparked massive buzz in the market, its tokenized stock dropped from its recent peak. As per CoinGecko, SpaceX tokenized stock on PreStocks (SPACEX) fell 0.8%, with the price currently trading at $681.74.

The 24-hour low and high are $681.23 and $699.50, respectively. Trading volume has dropped by 31% ove the past 24 hours. Compared to its all-time high, the current SpaceX tokenized stock price is down by more than 22%.

SpaceX Tokenized Stock on PreStocks (SPACEX)

Institutional interest in tokenization has increased amid regulatory guidance and frameworks. Notably, the SEC approved Nasdaq’s tokenized securities trading proposal. Multiple companies, such as BlackRock, NYSE, and Invesco, also announced their tokenized securities plans.

SpaceX currently holds 8285.45 Bitcoin worth nearly $600 million, according to Arkham Intelligence data. BTC price is trading at $71,113 at the time of writing.

Source: https://coingape.com/elon-musk-spacex-could-file-for-ipo-this-week-tokenized-stock-falls/

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