Dinari dShare tokens are not available for sale or redemption in your country. Please see our documentation for more details.
Dinari dShare tokens are not available for sale or redemption in your country. Please see our documentation for more details.
On Friday, June 12, SpaceX will list under the ticker $SPCX on Nasdaq at a valuation of approximately $1.75 trillion, making it the largest IPO in history.
Beginning on listing day, Dinari will tokenize SpaceX through dShares™ and distribute it through our global network of partners. While SpaceX is not making shares broadly available to investors outside the United States, dShares™ enable eligible investors in more than 85 jurisdictions to access $SPCX through a compliant framework built for global distribution.
Unlike synthetic tokenized stocks that provide only price exposure, SPCX dShares™ are designed to preserve the benefits of equity ownership, including dividends, corporate actions, redemption rights, and a protected claim on the underlying security. Investors also benefit from institutional-grade execution, with trades routed to support best execution consistent with NBBO standards during U.S. market hours.
SpaceX has become one of the most influential companies of the last two decades. From reusable rockets and commercial spaceflight to global satellite connectivity through Starlink, the company has consistently pushed the boundaries of what is possible in aerospace and communications. Its public debut marks a significant moment not only for the company, but for investors seeking access to businesses shaping the future of technology, infrastructure, and global connectivity.
Whether you're an investor, trading platform, wallet, broker, or ecosystem partner, we've put together the FAQ below to answer the most common questions about the launch.
SPCX dShares™ are Dinari's tokenized representation of SpaceX stock.
Beginning on June 12, eligible investors will be able to access SpaceX through SPCX dShares™ via Dinari's app and network of distribution partners. Each SPCX dShare™ is backed by the underlying security and is designed to preserve the protections and economic benefits of being a U.S. capital markets investor.
Prior to the opening trade of $SPCX, investors are able to place pre-orders through Dinari’s partners and on https://app.dinari.com/spcx. To participate, investors specify the amount they would like to purchase and the maximum price they are willing to pay. Orders are submitted as limit orders and will be filled depending on available supply and market demand.
Dinari will only be accepting limit orders for $SPCX on IPO day. Any order that is not a limit order will be rejected until approximately 1pm ET. During the IPO price discovery window, the opening price is unknown. Limit orders allow you to specify the price you are willing to trade at, protecting you from unexpected fills during a volatile opening period.
We cannot guarantee what the opening price will be. Based on current expectations, the first trades are likely to occur somewhere in the range of $180–200, rather than the listed IPO price of $135. Set your limit price accordingly, but be aware this is guidance only, not a promise.
NASDAQ opens at 9:30am ET, but the IPO process involves an initial price discovery period. We do not expect any trades to cross until approximately 12:30–1pm ET. Limit orders will begin to fill once trading opens properly, with market orders potentially supported shortly after.
On IPO day, all $SPCX trades are expected to execute on the NASDAQ. Shares will not yet be distributed to other venues or market makers, so alternative execution venues will not be available initially.
$SPCX dShares™ will officially be live on our partners’ platforms via our API on June 12, 2026, at 9:30 AM ET, coinciding with the opening of U.S. equity markets. As noted above, Dinari does not expect any trades to cross until 12:30-1pm ET. Investors outside of the U.S. can begin trading through our partners listed on our website: https://dinari.com/launch.
Please note that significant demand for SpaceX is expected, and elevated volatility may occur following the IPO. As with any traditional IPO process, broker-dealers process orders on a rolling basis as shares become available. Orders may be filled in full, partially filled, or experience delays in execution depending on market conditions and available supply.
During after-hours, overnight, and pre-market sessions, orders are routed to available liquidity sources in traditional markets. Please note that for the first few days following listing, these liquidity sources may not be available for $SPCX.
However, we are excited to share that weekend and holiday support will be enabled from Day 1 via our onchain order book system, operated in partnership with Flow Traders. Additional information can be found on our blog.
Yes. $SPCX will be supported on the weekend pool starting this weekend. Please note that performance cannot be fully guaranteed for the first weekend given the unprecedented scale of this IPO.
dShares™ are real equities, onchain.
Each dShare™ is backed by the corresponding underlying security and held through regulated custody. This preserves the rights and protections associated with equity ownership, including dividends, corporate actions, redemption rights, and a protected claim on the actual security.
Investors also benefit from institutional-grade execution, with trades routed to support execution consistent with NBBO standards during U.S. market hours.
This differs from many tokenized stock products available today, which are structured as synthetic instruments that provide price exposure to an underlying stock but do not preserve the rights associated with ownership of the underlying security.
During U.S. market hours, Dinari routes orders to support best execution consistent with National Best Bid and Offer (NBBO) standards. This helps ensure investors receive institutional-grade execution when trading SPCX dShares™.
Not on day one. $SPCX will initially be non-fractional. Fractional trading is expected to become available shortly after the first day of trading
Minimum order size for $SPCX dShares™ is 1 share.
There are no minimum holding periods.
Fees associated with SPCX dShares™ may vary by platform. Investors should consult their provider's fee schedule for information regarding applicable trading, custody, or account fees.
Yes. Eligible holders of SPCX dShares™ may receive dividend distributions in USDC associated with the underlying SpaceX security, subject to applicable regulations and partner implementation.
Existing Dinari integration partners do not need to perform additional technical work to support SPCX dShares™. Once the asset is enabled within Dinari systems, SPCX dShares™ will be available immediately through our APIs. For large transactions, approved counterparties can access SPCX dShares™ through Dinari's OTC desk. If you need assistance, please reach out to [email protected] or contact your Dinari representative.
dShares™ are available through Dinari's APIs, making it easy for fintechs, exchanges, wallets, brokers, and investment platforms to offer tokenized U.S. equities directly within their existing products. To get started, please follow the steps on our quickstart guide.
