SpaceX Defies Expectations as Stock Surges Amid Massive Share Unlock

Despite unlocking nearly a billion shares on August 6, SpaceX's stock surged by 6.1% to close at $114.92.

The unexpected resilience of the stock price has reignited the debate over the role of Real World Assets (RWA) in the evolution of financial markets.

Nearly $700 million in volume was traded on tokenized shares in just 48 hours on Web3 platforms before the unlocking.

Banks like Morgan Stanley and Bernstein have raised their price targets for SpaceX, with Bernstein now targeting $248.