# Tokenized SpaceX Bets Take $50 Million in Liquidations as Crypto Leverage Wraps Around Private Equity

A perpetual contract tied to a privately held company shows the demand to put leveraged equity exposure on-chain, and the difficulty of pricing an asset with no public market.

- Published: 2026-06-25T10:27:09.266Z
- Canonical: https://polylog.news/crypto/2026-06-25/tokenized-spacex-bets-take-50-million-in-liquidations-as-cry
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/spacex-tokenized-stock-bets-top-50m-in-liquidations-as-crypto-leverage-reaches-wall-street/)

A perpetual contract linked to tokenized SpaceX exposure absorbed about $50 million in liquidations, CryptoSlate reported, as the continuous, 24-hour leverage cycle of crypto markets extended to an equity that has no public price. SpaceX is…

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