PreStocks’ $SPACEX Up 6% as Markets Prepare for Biggest IPO in History

Solana DeFi users are pouring funds into PreStocks’ $SPACEX token, taking positions ahead of what could be the largest IPO markets have ever seen.

Renewed interest in PreStocks’ comes after a difficult week for the issuer, which faced large outflows of capital after AI Lab Anthropic declared that all secondary market sales of its stock were void.

With SpaceX targeting a June 12 listing, the IPO serves as a critical proof-of-concept for one of Solana’s most popular RWA issuers.

Musk’s SpaceX Eyes June IPO

SpaceX, the trillion-dollar space-exploration-meets-AI-lab headed by billionaire tech mogul Elon Musk, is finally prepping for its eagerly awaited public market debut. The company expected to file publicly for its IPO as early as May 20, reportedly targeting a June 12 NASDAQ listing under the ticker $SPCX.

Seeking to raise up to $75B at a valuation of $1.75T, SpaceX is on track to become the biggest IPO in history, dethroning Saudi-Aramco’s $1.7T valuation in 2019.

But while TradFi investors are counting down the days to SpaceX’s market debut, Solana DeFi users have had months to gain exposure ahead of the biggest IPO in history. $SPACEX, a synthetic private equity instrument issued by PreStocks, has been available in Solana DeFi since September 2025.

With Musk eyeing a June IPO, onchain traders are clamoring to take positions ahead of what will be a seismic liquidity event. PreStock’s $SPACEX rose 9% following news of the IPO, attracting over $12M in trading volume in the last 24 hours.

But pre-IPO market exposure comes with a cost. At press time, PreStock’s $SPACEX is trading at a valuation of $2.08T, 18.8% higher than the reported valuation. 

PreStocks Addresses SPV Concerns Following Anthropic Statement

The resurgence of interest in PreStock’s assets comes after a difficult week for the RWA issuer, which came under scrutiny for its distribution of Anthropic stock. On May 11, Anthropic released a statement via Claude Support, effectively voiding the sale of its Stock on secondary markets through SPVs and retail investment funds.

Consequently, PreStock’s $ANTHROPIC token plummeted, dropping 35% within 24 hours and falling below its ‘backed value as investors rapidly exited their positions.

PreStock’s has since issued an official statement, asserting “all live PreStocks tokens remain fully backed in accordance with our terms, and PreStocks continues to operate normally.” 

Speaking with SolanaFloor, a PreStock’s representative communicated that $SPACEX will continue to trade onchain following the IPO, and will track the asset’s public market price.

SpaceX IPO to Serve as Ultimate PreStock’s Proof-of-Concept

PreStocks has undoubtedly become one of Solana’s DeFi’s most popular RWAs. Where private equity markets were previously an exclusive luxury reserved for the TradFi elite, issuers like PreStocks have brought these assets to the world’s most accessible market: Solana DeFi.

After facing scrutiny in the wake of Anthropic’s blanket statement of secondary stock trading, the upcoming SpaceX IPO will provide a definitive proof-of-concept for PreStock’s products. A successful listing day and ongoing trading activity could help restore any lost confidence in the issuer, bringing more capital flows and attention to the private equity RWA issuer.

Since launching in September 2025, PreStocks assets have collectively recorded over $1B in trading volume, and are currently held in over 10,000 wallets.

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