SpaceX tokenized IPO draws $557M on Binance

Binance's tokenized IPO campaign for SpaceX attracted over $557 million in USDC deposits from about 27,689 wallet addresses ahead of the company's public listing. SpaceX seeks to raise $75 billion at $135 a share with an around $1.8 trillion valuation. Perpetual futures on Hyperliquid traded in the $180 to $200 range, implying a valuation closer to $2.5 trillion.