SpaceX IPO Stress Tests Crypto’s Bid to Reinvent Stocks (opens original article in a new tab)

The SpaceX IPO tested crypto's role in private company markets, showing perpetual futures could track sentiment but tokenized shares faced supply issues, highlighting both potential and limitations of blockchain in equity trading.

• SpaceX IPO tested crypto's ability to create markets for private companies before they go public
• Perpetual futures on crypto platforms showed investor sentiment but tokenized shares faced supply issues
• Crypto markets demonstrated price discovery but ownership remained limited by stock scarcity
• Future IPOs like OpenAI may test crypto's role in equity markets