Tokenized Tesla and SpaceX stock tops $403 million onchain

Tokenized versions of Tesla and SpaceX shares now add up to $403.2 million onchain. The biggest single product is SPCXb, which accounts for $138.1 million of that total. A separate snapshot from Token Terminal, dated October 19, 2026, shows the full lineup. That data put the combined market cap of Tesla and SpaceX tokens at $364.5 million. In the Token Terminal data, SPCXb led at $138.7 million. TSLAx came next at $67.9 million, followed by SPCXx at $50.3 million and TSLAb at $32.9 million. SPCXb is backed 1:1 by SpaceX shares held in regulated custody. It trades on BNB Smart Chain. The SpaceX tokens exist largely because of one event. SpaceX went public on Nasdaq, and its IPO raised approximately $85.7 billion over June 12-15, 2026. Wallet data points in the same direction. xStocks-linked Tesla and SpaceX tokens are held in 140,174 wallets, a near eightfold increase since January 2026. Still, scale deserves perspective. Several hundred million dollars in tokens is meaningful for a young product category. It remains a small fraction of a company whose IPO alone raised approximately $85.7 billion. Fragmentation is another factor. Investors who want SpaceX or Tesla exposure onchain f...