Musk’s SpaceX Stock Rallies 6% as Tokenized Volume Hits $700M

Tokenized SpaceX shares saw nearly $700 million in trading volume on Gate as the underlying stock rallied 6.1% to $114.92, defying expectations of a post-unlock decline. The tokenized product (SPCX) enables crypto traders to gain price exposure to Elon Musk's space company, highlighting growing convergence between traditional equities and blockchain-based trading.