Binance has launched tokenized SpaceX shares (bStocks) on its platform, enabling trading of the SPCXB/USDT pair. This move coincides with a 12% rally in SpaceX stock, pushing its market cap over $3 trillion and making Elon Musk the world's first trillionaire.
Binance's expansion into tokenized equities, particularly with a high-profile company like SpaceX, signals a growing trend of bridging traditional financial assets with the crypto market. This development could increase accessibility to previously private company shares and potentially influence the valuation and trading dynamics of both tokenized assets and underlying equities.
Binance, a leading cryptocurrency exchange, has expanded its tokenized equity offerings by launching tokenized shares of SpaceX, dubbed bStocks. The SPCXB token began trading on June 12, 2026, on Binance's spot platform, accompanied by a zero maker fee promotion until the end of August 2026. This move into tokenized real-world assets comes amid surging interest in private space ventures.
Beyond spot trading, Binance has seen significant growth in SpaceX-related derivatives, with its perpetual futures contract becoming the second most traded product on the platform. Binance reportedly holds over 60% of the market share in SpaceX perpetual futures trading, indicating strong demand for exposure to the aerospace company.
The listing coincides with a notable surge in SpaceX's stock price, which rallied another 12% to surpass $212 and touch an intraday high of $225.64. This rally has propelled SpaceX's market capitalization to over $3 trillion, a milestone that has reportedly made Elon Musk the world's first trillionaire.