Tesla and SpaceX xStock Holders Surge
The number of blockchain wallets holding xStock certificates has increased nearly eightfold since the start of the year.
Updated on Oct. 20, 2026 in Investing
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Data reveals that 140,174 blockchain wallets now hold Tesla and SpaceX xStock certificates, representing a 7.9-fold increase since January. These certificates are backed by underlying shares held with custodians but do not grant holders shareholder voting rights.
Why it matters
The rapid growth in these holdings highlights rising global investor demand for tokenized exposure to major companies. However, U.S. persons remain restricted from accessing xStocks and the related SPCXB tokens.
A total of 140,174 wallets now hold xStock certificates, marking a 7.9-fold increase compared to January. SpaceX also successfully raised $85.7 billion in gross proceeds from its IPO that concluded on June 15.
The players
Tesla
Tesla is an American multinational automotive and clean energy company that designs and manufactures electric vehicles and energy storage systems.
SpaceX
SpaceX is a private American aerospace manufacturer and space transportation services company founded by Elon Musk.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading various digital assets and tokenized products.
The details
xStock certificates allow for secondary market trading 24/7 on supported platforms, while issuance and redemption operate on a 24/5 schedule. Binance also offers SpaceX bStock under the ticker SPCXB for non-U.S. investors.
Timeline
January 2026: Wallet count baseline established.
June 12, 2026: SpaceX shares began trading under the ticker SPCX.
June 15, 2026: SpaceX closed its IPO with $85.7 billion in gross proceeds.
October 20, 2026: Total number of xStock holding wallets reached 140,174.
Market Dynamics
The current surge in xStock adoption follows the pattern of growth established by broader global interest in tokenized stock certificates. This shift reflects a move toward 24/7 digital accessibility for equity-linked products that bypass traditional stock exchange hours.
Investors should note that while these certificates offer increased trading liquidity, they do not provide shareholder voting rights in the underlying companies. Additionally, these financial products remain entirely unavailable to U.S. persons.
The takeaway
The proliferation of blockchain-based stock certificates underscores a broader movement toward continuous, globalized financial markets. Investors interested in these instruments must weigh the benefits of increased accessibility against the lack of formal shareholder protections.
Further reading
Learn more about market trends in our Investing section.
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