ℹ️ SpaceX PreStocks: What Happens After IPO
SpaceX goes public on June 12.
Here’s what $SPACEX holders can expect:
🔁 After IPO, $SPACEX become convertible into a tokenized public stock equivalent.
🔗 Conversion happens through normal trading and is fully onchain. No KYC required.
✂️ The 5-for-1 stock split will be accounted for.
🔒 Like most private shares, SpaceX has a mandatory post-IPO lockup. In this case, the underlying shares unlock in tranches over the first 6 months.
⏳ During the lockup period: because underlying shares are still locked, liquidity is temporarily limited and $SPACEX trades at a discount to the public stock price. The discount is priced by the market and likely narrows as underlying shares unlock over the 6 months. Holders can sell at this discount and new buyers can buy in at this discount.
🔓 After the lockup period: with underlying shares fully unlocked, $SPACEX converts 1:1 into the tokenized public stock equivalent (before liquidity provider fees), with no lockup discount.
⏰ SpaceX PreStocks ($SPACEX) conversion deadline: 11:59pm UTC on March 12, 2027.
⏰ xAI PreStocks ($XAI) conversion deadline: 11:59pm UTC on September 12, 2026 (conversion into $SPACEX at a 1-to-0.1433 ratio, available since February).
🚨 After these conversion deadlines, these tokens will expire worthless and no longer be supported.