SpaceX Reclaims $135 IPO Price as Tokenized Volume Tops $90 Million

SpaceX stock recovered from an early Friday decline and moved back above its $135 initial public offering price as trading volume in the tokenized SpaceX market surpassed $90 million.

SPCX fell as low as $131.22 shortly after the market opened before recovering to approximately $136.29 at 12:32 p.m. Eastern Time. That represented a rebound of about 3.9% from the session low and a gain of 1.7% from Thursday’s $134 closing price.

The stock reached an intraday high of $137.35, briefly rising 4.7% from its morning low.

Based on approximately 13.18 billion outstanding shares, SpaceX had an implied market capitalization of roughly $1.8 trillion at $136.29. Friday’s gain from the previous close had restored approximately $30.2 billion in market value at that point, according to current market data.

These estimates will continue changing until the market closes.

Tokenized SpaceX Volume Reaches $90.82 Million

Strong activity was also visible in the tokenized stock market.

CoinMarketCap reported an average tokenized SpaceX price of approximately $136.12, closely matching the underlying Nasdaq listed shares. The tokenized market capitalization shown by the platform stood near $203.94 million.

More notably, the tracked tokenized SpaceX market generated approximately $90.82 million in 24 hour trading volume. Its rolling 24 hour return reached 6.74%.

The $90.82 million figure is CoinMarketCap’s reported volume for the tokenized SpaceX market it tracks. It should not be described as Binance volume alone. However, the available page also does not establish that the figure combines several independently issued SpaceX products.

On Binance, SpaceX bStock traded under the SPCXB/USDT pair at approximately $136.51. That placed it close to both the underlying stock and CoinMarketCap’s tokenized price.

Temporary differences can occur because SPCX and SPCXB operate under different trading hours, liquidity conditions and price measurement periods.

Recovery Follows 319 Million Share Unlock

The rebound came one day after approximately 319 million additional SpaceX shares became eligible for trading under the company’s staggered post IPO lockup schedule.

The latest release followed the unlocking of roughly 911.5 million shares on August 6.

A lockup expiration allows employees and early investors to sell previously restricted shares. It does not mean all eligible shares were immediately sold.

SpaceX fell 4.05% Thursday to $134 and briefly remained below its IPO price Friday morning. Its subsequent move above $135 shows that buying demand strengthened during the session despite concerns about the expanded tradable supply.

However, the recovery does not prove that investors purchased all the newly eligible shares because the number actually sold has not been disclosed.

SPCX had declined for three consecutive sessions before Friday, falling from $146.23 on August 17 to $134 on August 20. That 8.4% decline removed an estimated $161 billion from SpaceX’s market capitalization.

Friday’s rebound restored only part of that loss.

New US Space Policy Provides a Favorable Backdrop

SpaceX’s recovery also followed the August 20 release of an updated US National Space Transportation Policy.

The policy directs federal agencies to support more than 1,000 launches and reentries from US territory annually by 2030. It also calls for faster regulatory reviews, additional launch and reentry infrastructure and improved access to wireless spectrum for commercial space operations.

The US Office of Space Commerce described the framework as an effort to expand American commercial space activity through more reliable and affordable transportation.

The policy does not award SpaceX a new contract. However, its emphasis on increasing launch capacity is relevant to SpaceX because the company is the largest commercial launch provider in the United States.

The timing provides a supportive industry backdrop, although it cannot be identified as the sole cause of Friday’s stock recovery.

What Comes Next for SPCX and SPCXB

Friday’s rebound is moderately positive because SpaceX regained its IPO price after briefly falling below it and trading volume remained elevated in the tokenized market.

Nevertheless, SPCX remains below its August 17 closing price of $146.23 and substantially below its post IPO record of $225.64.

The clearest takeaway is that SpaceX traded back above $135 despite another lockup expiration, while CoinMarketCap reported more than $90 million in tokenized SpaceX volume.

Investors should watch whether SPCX can close above its IPO price and whether selling from newly eligible shareholders increases during the coming sessions.