SpaceX steps onto the stock exchange

Elon Musk's space company SpaceX completed its long-awaited listing on Nasdaq on Thursday, June 12, 2026, under the ticker symbol SPCX. The IPO price was set at $135 per share, giving the company a market capitalization of approximately $1.75 trillion, according to data reported via Yahoo Finance and multiple market sources.

The listing marks a historic shift for a company that has long been among the world's most valuable private enterprises. The stock was met with strong interest from institutional investors, and the debut helped lift sentiment in a market otherwise pricing in risk.

SpaceX is now public – and the race for tokenized exposure has already begun
SpaceX goes public and oil prices fall – Gulf peace hopes rattle markets - Bilde 1

Oil prices slide on peace optimism

Alongside the stock market debut, oil prices fell sharply on Thursday, driven by growing optimism around a possible peace deal between the United States and Iran. Diplomatic signals from the Gulf region have raised expectations of reduced geopolitical tension – which historically compresses risk premiums in energy markets.

Research data cited via Yahoo Finance and analytical circles shows that Bitcoin and risk assets tend to sell off during Middle East escalations and recover when signs of de-escalation emerge. Thursday's drop in oil prices is interpreted as a direct expression of precisely this dynamic.

For the Oslo Stock Exchange and Norwegian oil equities, this is a development worth monitoring closely. Norwegian energy companies are exposed to the same price movements, and a sustained decline in crude oil prices could weigh on the sector on the OSEBX in the weeks ahead.

$135
SpaceX IPO price per share
$1.75 trillion
Valuation at listing
SpaceX goes public and oil prices fall – Gulf peace hopes rattle markets - Bilde 2

Crypto platforms sell "tokenized" SpaceX shares – with important caveats

Alongside the traditional stock market listing, a number of cryptocurrency platforms have launched so-called tokenized versions of the SpaceX share. Platforms such as Backpack Securities, Ondo Finance, xStocks, and Crypto.com are marketing products that offer "exposure" to SpaceX's valuation – but experts warn against confusing these with genuine share ownership.

The key distinction, emphasized by BloFin Research and B2BROKER Chief Business Officer John Murillo, is that most tokenized products do not confer voting rights, dividends, or direct claims on the company's assets. Murillo is quoted in the research material as stating that "tokenized shares provide exposure to private companies like SpaceX – but without ownership rights."

The situation was further complicated when Bybit, Binance, and Bitget all cancelled their tokenized SpaceX IPO allocations, having failed to secure sufficient underlying shares through their partner xStocks.

Tokenized SpaceX shares are, in most cases, derivatives – not genuine ownership

Regulatory uncertainty hangs over the market

The U.S. Securities and Exchange Commission (SEC) has long been skeptical of tokenized equities and largely treats them as traditional securities. In 2021, Binance was forced to shut down a similar product following pressure from U.S. regulators, according to available background information.

The total market for tokenized equities is estimated at around $5.5 billion globally, but product quality varies significantly from platform to platform. Investors should conduct thorough due diligence before gaining exposure through such instruments.

The Gulf region as a crypto hub – and as a geopolitical variable

The potential peace deal in the Gulf region is about more than just oil prices. The Middle East – and the UAE and Bahrain in particular – is in the process of establishing itself as a global crypto hub with progressive regulatory frameworks. The UAE led the global crypto adoption rate in 2025 at 31 percent, and the country's crypto economy grew 33 percent year-over-year to $56 billion in transactions, according to available market data.

A stabilized geopolitical situation in the region could therefore have a dual effect: lower oil prices and increased capital flows toward digital assets in a region that is already well ahead on regulation and adoption.

Market overview

Equity markets rose on Thursday despite a prevailing risk-off regime, driven by the SpaceX listing and Gulf peace optimism. The crypto Fear & Greed Index stands at 18 out of 100 – firmly in extreme fear territory – while Bitcoin is trading around $64,321. The combination of a historic stock market debut and diplomatic signals from the Middle East gives markets a complex backdrop heading into the weekend.