SpaceX launched its Starship rocket on July 24, marking the 13th test flight and the first since the company raised around $75 billion in a historic IPO just six weeks earlier. The rocket lifted off from Starbase in Texas at 6:45 PM ET, with a planned splashdown in the Indian Ocean about an hour later.
The IPO, which took place on June 12, valued SpaceX between $1.77 and $1.8 trillion, setting a new benchmark as the largest IPO ever, surpassing Saudi Aramco's 2019 record. This massive public debut has also sparked interest from crypto platforms, which have begun offering tokenized versions of SpaceX shares, blending traditional equity markets with blockchain technology.
The launch almost didn’t happen on schedule; a July 16 attempt was aborted due to engine trouble, underscoring the technical challenges even a trillion-dollar company faces when pushing aerospace boundaries. Since 2023, Starship has been in continuous development, gathering critical data for future satellite deployments, human space missions, and ambitions to reach Mars.
Some crypto projects, like xStocks (SPCXx) and PreStocks SPACEX, now allow retail investors to gain exposure to SpaceX stocks through tokenized products. However, these digital assets carry risks: they may lack shareholder rights, are not always backed by actual shares, and can lose liquidity rapidly during market stress.
This material is for informational purposes and does not constitute financial advice.
