βΉοΈ SpaceX PreStocks: What Happens After IPO
SpaceX goes public on June 12.
Hereβs what
$SPACEX holders can expect:
π After IPO,
$SPACEX become convertible into a tokenized public stock equivalent.
π Conversion happens through normal trading and is fully onchain. No KYC required.
βοΈ The 5-for-1 stock split will be accounted for.
π 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.
β³ 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.
π After the lockup period: with underlying shares fully unlocked,
$SPACEX converts 1:1 into the tokenized public stock equivalent (before liquidity provider fees), with no lockup discount.
β° SpaceX PreStocks ($SPACEX) conversion deadline: 11:59pm UTC on March 12, 2027.
β° 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).
π¨ After these conversion deadlines, these tokens will expire worthless and no longer be supported.