After a gravity-defying run since its blockbuster debut, SpaceX shares finally came back down to Earth on Thursday (local time), falling more than 6% as the post-IPO euphoria began to lose steam.

SpaceX shares climb in premarket after its record $75 billion IPO. Crypto markets react with $1.2B in Hyperliquid futures and tokenized equity trading.

SpaceX shares surged nearly 50% after its record $75 billion IPO, with 18,000 Bitcoin on its balance sheet and tokenized shares trading on Solana.