SpaceX xStock

SpaceX xStock (SPCXX) is a tokenized representation of equity exposure to SpaceX, issued on the xStocks platform, which converts real-world stock-linked instruments into blockchain-based digital tokens. It is designed for people who want to access the economics of holding a position in a private or publicly traded company through an on-chain token rather than through a traditional brokerage. The platform targets anyone seeking a more programmable and transferable form of equity-linked ownership that can interact with decentralized finance protocols.

SPCXX exists across multiple blockchain networks simultaneously, including Ethereum, Solana, BNB Chain, Arbitrum, and Mantle, meaning the token is issued and transferred on-chain while the underlying equity exposure is held by the issuing platform off-chain as a real-world asset backing. The token itself represents a claim on that off-chain exposure rather than a native protocol with its own consensus algorithm; the stored block time of zero reflects that SPCXX is not a layer-one network. Settlement and custody of the underlying equity instruments are handled by xStocks outside the chain, with the token serving as the tradeable, programmable representation of that exposure.

The data provided does not include a fee stream, revenue figure, or any information about fees collected by the xStocks protocol, who pays them, or who receives them, so no fee-based measures can be reported for this asset. What the data does show is a circulating market capitalization of approximately 54,000,858 USD at a price of 149.19 USD, based on a circulating supply of roughly 361,971 tokens at the point in time recorded. The fully diluted valuation to market-cap ratio stands at 4.476 point-in-time, and only about 22.75 percent of the implied total supply is currently in circulation, leaving a dilution overhang of roughly 347.6 percent of the current circulating supply.