SpaceX Stock Surges 6% as Tokenized Volume Hits $700M

SpaceX shares rallied 6.1% to approximately $114.92, driven by nearly $700 million in tokenized trading volume on Gate. This movement defied expectations that the 911.5 million-share unlock would send Elon Musk's space company lower. Gate's tokenized SPCX product enabled crypto traders worldwide to gain price exposure to SpaceX shares, resulting in record trading volume. The success of the product demonstrates growing investor interest in tokenized traditional assets and confidence in SpaceX's future, despite the significant increase in shares in circulation.
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