SpaceX tokenized IPO campaign draws $557M on Binance ahead of debut

Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff writerWritten by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff writerSpaceX tokenized IPO campaign draws $557M on Binance ahead of debutLatest NewsPublishedJun 12, 2026Crypto markets are becoming a new venue for pre-IPO price discovery ahead of SpaceX's highly anticipated debut on June 12.Binance's SpaceX tokenized IPO campaign attracted over $557 million in USDC deposits from about 27,689 wallet addresses ahead of the company's highly anticipated public listing.Wallets contributing up to $20,000 accounted for more than 81% of participating addresses but only 18.39% of total funds, while 114 addresses contributed over $500,000 each, representing about 10.2% of the funds, according to Dune data.The deposits point to strong demand for crypto-based pre-IPO exposure ahead of SpaceX's Nasdaq debut on Friday, with the company seeking to raise $75 billion at $135 a share and an around $1.8 trillion valuation.On decentralized exchange Hyperliquid, SpaceX perpetual futures traded in the $180 to $200 range after the pre-IPO market went live on May 18, implying a valuation closer to $2.5 trillion, Talos said in a Tuesday report. The implied share price moved closer to the IPO level by Monday but has since rebounded to $179.SpaceX perpetual futures traded at around $179 across Hyperliquid, Binance and other crypto platforms. Source: TalosTalos added that crypto exchanges are becoming a new price discovery venue for pre-IPO stocks, as Hyperliquid's pre-IPO perps priced Cerebras' (CBRS) recent Nasdaq debut within 1.3% of its $350 opening price.Related: Crypto exchanges chase TradFi commodities market as pricing gaps persist Crypto rails point to over $2 trillion SpaceX IPO valuationOn prediction market Polymarket, 56% of participants are betting that the SpaceX IPO will close with a $2 trillion to $2.5 trillion market capitalization after its first day of trading, while 25% are predicting a close between $1.5…

SpaceX tokenized IPO campaign draws $557M on Binance ahead of debut

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