{"id":76530,"date":"2026-08-08T12:28:13","date_gmt":"2026-08-08T12:28:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m\/"},"modified":"2026-08-08T12:28:13","modified_gmt":"2026-08-08T12:28:13","slug":"musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m\/","title":{"rendered":"Musk&#8217;s SpaceX Stock Rallies 6% as Tokenized Volume Hits $700M"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Gate\u2019s tokenized SPCX token logged $332M and $360M in volume on August 4-5 ahead of the unlock.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">SpaceX stock closed up 6.1% at $114.92 on August 6 despite 911.5 million shares unlocking.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Morgan Stanley\u2019s Adam Jonas called the unlock an entry point, with Bernstein targeting $248.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A $700 Million Bet on One Day\u2019s News<\/h2>\n<p>Gate\u2019s tokenized SPCX product lets crypto traders worldwide gain price exposure to SpaceX without holding the underlying Nasdaq-listed stock directly, and its volume closely tracks whatever is moving the real equity. On August 4 and 5 alone, that token generated $332 million and $360 million in trading volume, respectively, as traders positioned ahead of the largest share unlock since SpaceX\u2019s initial public offering (IPO).<\/p>\n<p>Similar tokenized exposure exists on Kraken and Bybit, where SPCX shares are offered to non-U.S. users as <a href=\"https:\/\/news.bitcoin.com\/binance-grabs-60-of-spacex-derivatives-market-with-5-6b-in-daily-volume\/\">SPCXx tokens issued by Backed Assets<\/a> and backed 1:1 by shares held in third-party custody, part of a wider trend of exchanges <a href=\"https:\/\/news.bitcoin.com\/binance-lists-circle-and-nvidia-bstocks-as-11-equity-tokens-enter-crypto-wallets\/\">wrapping newly listed equities like SpaceX and Nvidia<\/a> into 1:1 crypto-tradable tokens.<\/p>\n<p>The catalyst was straightforward, i.e. 911.5 million Class A shares held by early employees and pre-IPO investors became eligible for sale on August 6, <a href=\"https:\/\/ca.finance.yahoo.com\/news\/spacex-lockup-expires-today-with-stock-bucking-higher-100000039.html\" target=\"_blank\" rel=\"noopener noreferrer\">more than doubling SpaceX\u2019s public float<\/a> from 4.9% of shares outstanding to 11.8%.<\/p>\n<figure id=\"attachment_837807\" aria-describedby=\"caption-attachment-837807\" style=\"width:1193px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-837807\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>That kind of supply shock typically pressures a stock lower as newly unlocked holders look to cash out, and tokenized markets like Gate\u2019s SPCX often see volume spike as traders try to front-run or hedge against the move.<\/p>\n<h2>The Unlock That Didn\u2019t Crash the Stock<\/h2>\n<p>What made this unlock notable wasn\u2019t the volume but the outcome. SpaceX shares had already <a href=\"https:\/\/ca.finance.yahoo.com\/news\/spacex-lockup-expires-today-with-stock-bucking-higher-100000039.html\" target=\"_blank\" rel=\"noopener noreferrer\">sunk almost 14% the day before<\/a>, on August 5, their second-worst single-day drop on record, closing at an all-time low of $108.27 amid concerns over the company\u2019s Q2 earnings. Revenue had actually jumped 92% year-over-year to $7.8 billion, but investors focused instead on $23.6 billion in planned AI-related capital expenditures and uncertainty around a cancelable contract in SpaceX\u2019s AI division.<\/p>\n<p>Against that backdrop, conventional wisdom said adding nearly a billion freshly tradable shares the very next day should have compounded the selling. Instead, SpaceX stock <a href=\"https:\/\/www.cnn.com\/2026\/08\/06\/tech\/spacex-stock-elon-musk\" target=\"_blank\" rel=\"noopener noreferrer\">closed August 6 up 6.1%<\/a> at roughly $114.92 and is currently trading at $133.11.<\/p>\n<figure id=\"attachment_837808\" aria-describedby=\"caption-attachment-837808\" style=\"width:1247px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-837808\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m_nwmk.jpg\" alt=\"SPCX rally commentary.\" width=\"1247\" height=\"603\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m_nwmk-300x145.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m_nwmk-1024x495.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m_nwmk-768x371.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/musks-spacex-stock-rallies-6-as-tokenized-volume-hits-700m_nwmk.jpg 1247w\" sizes=\"auto, (max-width: 1247px) 100vw, 1247px\"\/><figcaption id=\"caption-attachment-837808\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>That said, the stock remains well below both its <a href=\"https:\/\/news.bitcoin.com\/spacex-ipo-hits-nasdaq-june-12-at-135-retail-investors-face-long-odds-on-allocation-37856\/\">$135 IPO price from June 12<\/a> and its 52-week high near $225.64, but the fact that the market\u2019s biggest single-day supply increase to date didn\u2019t trigger a fresh leg down gave bulls a reason to argue the worst of the post-IPO selling has been priced in.<\/p>\n<h2>Wall Street Still Bullish, and a Bitcoin Wrinkle<\/h2>\n<p>Morgan Stanley\u2019s Adam Jonas postured the lockup expiration as an <a href=\"https:\/\/x.com\/SpacBobby\/status\/2085451678933975277\" target=\"_blank\" rel=\"noopener noreferrer\">entry opportunity rather than a warning sign<\/a>, describing SpaceX as a potential \u201cgenerational compounder.\u201d Argus Research upgraded the stock to buy with a $160 target while Citi kept a buy rating with a $200 target after SpaceX\u2019s AI-segment earnings beat estimates by roughly $1.5 billion. Lastly, Bernstein raised its target to $248, more than double where the stock trades today.<\/p>\n<p>There\u2019s a crypto-specific wrinkle to the SpaceX story that goes beyond tokenized trading. The company\u2019s own IPO paperwork disclosed a <a href=\"https:\/\/news.bitcoin.com\/spacex-ipo-puts-18712-bitcoin-treasury-on-wall-streets-radar\/\">corporate bitcoin treasury of 18,712 BTC<\/a>, acquired years ago for about $661 million and worth roughly $1.29 billion at the time of filing, a position that ranks SpaceX among the ten largest known public-company bitcoin holders, ahead of Coinbase and Riot Platforms.<\/p>\n<p>Musk\u2019s other public company, Tesla, holds a further 11,509 BTC. Not only that, his own SpaceX shares, representing more than 40% of the company, stay <a href=\"https:\/\/www.fool.com\/investing\/2026\/08\/05\/spacex-s-911-5-share-unlock-hits-tomorrow-here-s-what-investors-need-to-know\/\" target=\"_blank\" rel=\"noopener noreferrer\">locked up separately until June 12, 2027<\/a>, meaning the founder himself won\u2019t be a source of unlock-driven selling pressure for another year regardless of how the rest of the float trades.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/featured\/spacex-spcx-tokenized-stock-share-unlock-rally\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Gate\u2019s tokenized SPCX token logged $332M and $360M in volume on August 4-5 ahead of the unlock. SpaceX stock closed up 6.1% at $114.92 on August 6 despite 911.5 million shares unlocking. Morgan Stanley\u2019s Adam Jonas called the unlock an entry point, with Bernstein targeting $248. [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76530"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76530"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76531"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}