Backpack's BP token surged 27% to $0.347 after the Solana-based exchange launched tokenized SpaceX shares on the same day as SpaceX's record $75B IPO.

The firms making that possible say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets.

SpaceX opens for public trading Friday under SPCX. Ondo, Kraken xStocks, Backpack Securities on Solana, and Hyperliquid's pre-IPO perp all go live alongside the Nasdaq bell.