SpaceX share unlock exposes Aave tokenized stock risk assessment
Current overview (not historical)
Aave Labs plans to accept tokenized SpaceX shares (SPCXc) as collateral on Base chain V4 Equities Hub. LlamaRisk's risk assessment, published Oct. 15, recommends a 55% collateral factor for SPCXc, lower than the 65% set for Tesla and Meta. A borrower depositing $1,000 of SPCXc and borrowing $400 of USDC starts at a 40% loan-to-value ratio and hits the 55% threshold if the share price falls 27.3%. LlamaRisk notes that if 1% of the 1.31 billion unlocked shares were sold, it would total about $1.94 billion, representing 14% of average daily trading volume. Historical data shows SpaceX rose 6.1% on its Aug. 6 unlock day and fell around 4% around the Aug. 20 and Sept. 9 events.
Written with AI from the reporting · updated 10/21/2026
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- 1Unclassified fact stationOct 15, 00:00recorded Oct 21, 18:15single sourcerevised
SpaceX share unlock exposes Aave tokenized stock risk assess
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Aave
- Action：
- published risk assessment of listing tokenized SpaceX shares as collateral
- Object：
- SPCXc
- Occurred (fact side)：
- Oct 15, 00:00
- Published (valid side)：
- Oct 21, 17:50
- First seen (known side)：
- Oct 21, 18:15
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceSource report revisedSpaceX's $194 billion share unlock exposes risk in Aave's tokenized stock ambitions
Report first recorded Oct 21, 18:15
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.
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