The total market capitalization of tokenized Tesla and SpaceX shares on the blockchain has reached $403.2 million. The leading asset in this category is the SPCXb token, which accounts for $138.1 million of the total volume.
Data from Token Terminal as of October 19, 2026, indicates a combined market cap of $364.5 million for these tokens. The lineup includes SPCXb at $138.7 million, TSLAx at $67.9 million, SPCXx at $50.3 million, and TSLAb at $32.9 million.
The SPCXb token is backed one-to-one by actual SpaceX shares held in regulated custody and operates on the BNB Smart Chain. The emergence of these tokens follows the SpaceX IPO on Nasdaq, which raised approximately $85.7 billion between June 12 and June 15, 2026.
The number of wallets holding xStocks-linked Tesla and SpaceX tokens has grown to 140,174, representing an eightfold increase since January 2026. Despite this growth, market fragmentation remains a challenge, as liquidity is split across multiple variants including SPCXb, SPCXx, TSLAx, and TSLAb.
