SpaceX's $194 billion share unlock exposes risk in Aave's tokenized stock ambitions

About 1.3 billion SpaceX shares become eligible for sale on Oct. 22, worth roughly $194.3 billion at the Oct. 20 close of $147.89. Aave Labs proposed accepting tokenized SpaceX shares (SPCXc) as collateral on its V4 Equities Hub on Base, but its risk adviser LlamaRisk recommended a 55% collateral factor, below the 65% for Tesla and Meta, citing SpaceX's high volatility of about 81.4% since its IPO.