SpaceX Tokenized IPO Campaign Attracts $557 Million on Binance Ahead of Market Debut

Interest in SpaceX’s upcoming public listing is growing rapidly across cryptocurrency markets, with Binance’s tokenized IPO campaign drawing more than $557 million in USDC deposits before the company’s highly anticipated Nasdaq debut.

Crypto Investors Show Strong Demand for SpaceX Exposure

Data from blockchain analytics shows that approximately 27,689 wallet addresses participated in the campaign. Most contributors deposited smaller amounts, with wallets investing up to $20,000 accounting for more than 81% of all participants. However, these deposits represented only 18.39% of the total funds raised.

Large investors also played a significant role. Around 114 wallet addresses contributed more than $500,000 each, accounting for roughly 10.2% of total deposits.

Pre-IPO Markets Signal Higher SpaceX Valuation

SpaceX is seeking to raise $75 billion through its public offering at $135 per share, implying a valuation of about $1.8 trillion. However, crypto-based pre-IPO markets have been pricing the company significantly higher.

SpaceX-linked perpetual futures traded between $180 and $200 on several crypto platforms, suggesting a valuation closer to $2.5 trillion. Prices later moved nearer to the IPO level before rebounding to around $179.

Crypto Platforms Become New Price Discovery Tool

Prediction market participants remain optimistic, with a majority expecting SpaceX to close its first trading day with a market capitalization between $2 trillion and $2.5 trillion. Several major cryptocurrency exchanges are also launching SpaceX-linked products, highlighting how digital asset markets are increasingly being used to gauge investor sentiment ahead of major stock market debuts.