SpaceX IPO Available on Raydium from Day One, Tradeable Through the Weekend

NEW YORK--(BUSINESS WIRE)--Jun 12, 2026--

Raydium, the highest-volume decentralized exchange on Solana with over $1 trillion in cumulative trading volume, will list tokenized SpaceX (SPCX) shares for trading within two hours of the company's Nasdaq debut. Traditional brokerages will close after the first session, and for most investors, that closing bell marks the end of access until markets reopen Monday morning; Raydium operates differently. Tokenized SpaceX shares will trade onchain throughout the entire weekend, delivering a global investor base uninterrupted access to the most anticipated public listing in a generation, at any hour.

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SpaceX's public listing is the largest IPO in history, targeting a raise of approximately $75 billion at a valuation exceeding $1.75 trillion. It is also one of the first IPOs to go live onchain and in traditional markets concurrently, the same day, within hours of each other. With roughly 30% of the offering, about $22.5 billion allocated to retail investors, triple the industry norm, demand for access is unprecedented. While access to IPO allocations has historically been limited by brokerage networks and regional restrictions, Raydium's permissionless liquidity pools are open from day one.

"For decades, the most significant public listings were accessible to a narrow class of investors, exclusively during business hours. On Raydium, SpaceX keeps trading onchain through the weekend for a global investor base at any hour. This is what it looks like when capital markets move onchain," said Ben Ungvari, Chief Marketing Officer at Raydium.

Raydium will host liquidity for SPCX, a tokenized representation of SpaceX equity distributed through Backpack. The asset is backed 1:1 by underlying shares held in regulated custody, giving investors direct price exposure to SpaceX equity without needing a brokerage account or exchange registration. Unlike traditional exchanges, Raydium operates on blockchain infrastructure and is not bound by market hours or session closures. When traditional markets close for the weekend, SPCX remains fully tradeable onchain.

Tokenized equity trading volume on Raydium crossed $2 billion this month, a milestone that took nine months to reach the first $1 billion and only two additional months to double. Major US stocks, including Tesla, Nvidia, and the S&P 500, already trade through Raydium pools, with SpaceX set to become the largest listing on the protocol. The growth reflects accelerating demand for global, always-on access to traditional financial assets.

About Raydium

Raydium is the home of liquidity on Solana and the primary DEX venue for tokenized real-world assets on the network. The protocol has processed more than $1 trillion in cumulative trading volume, generated $370M in lifetime revenue, and serves users and liquidity providers across the globe.

Protocol data and financials sourced from the Blockworks Raydium Analytics Dashboard and Q1 2026 Tokenholder Report.

Raydium enables 24/7 trading of tokenized SpaceX stock on Solana, giving global investors access to the SpaceX IPO through onchain markets, including weekends.

TRACY, Calif. (AP) — Firefighters responding to a blaze that destroyed a massive medical equipment warehouse in Northern California and sent embers flying for miles were hindered by sprinklers and hydrants that weren't working, authorities said Friday.

The 1 million-square-foot (93,000-square-meter) warehouse in Tracy, a city about 55 miles (88.5 kilometers) east of San Francisco, supplied medical equipment to area hospitals. It's owned by Medline, a major medical-surgical products provider of equipment such as latex gloves, masks, surgical instruments and other medical supplies.

Thick black smoke billowed Friday from the site, as firefighters continued to put out hotspots.

Authorities said they don’t yet know why the water system failed during the blaze but it appeared to be a problem with the facility’s system, not city supply. The blaze broke out around 1 p.m. Thursday. Crews found the building's sprinkler system wasn't working and hydrants on the property lacked water pressure, Tracy Deputy Fire Chief Brian Bagley said. A fire official found little or no water was flowing through either system, he said.

Firefighters were forced to try to connect to city hydrants instead. The building was engulfed by fire within 40 minutes, Bagley said.

“We did a defensive approach at that point,” he said.

The facility had been evacuated, and no one was injured.

Embers from the blaze sparked two grassfires and set pallets and multiple big rig trailers at a nearby FedEx facility ablaze. Firefighters were able to knock those fires down.

Crews overnight had to contend with new fires in trailers that were loaded with supplies.

Bagley said the Bureau of Alcohol, Tobacco, Firearms and Explosives would help investigate the cause of the blaze, but authorities would probably not be able to get into the warehouse for at least a couple of more days. The sprinkler system had been tested in January by an outside company and no issues were found, Bagley said.

The warehouse is in a massive industrial park that also houses fulfillment and distribution centers for Amazon, Home Depot and FedEx.

No homes were evacuated. Bagley recommended people near the fire stay indoors but said air quality tests had not raised any “grave concerns.”

Smoke from a medical supply warehouse fire in Tracy, Calif., is seen from Livermore on Thursday, June 11, 2026. (Santiago Mejia/San Francisco Chronicle via AP)

This image from aerial video shows black smoke pouring into the sky from a fire at a medical equipment warehouse in Tracy, Calif., Thursday, June 11, 2026. (KGO via AP)