SpaceX’s $194 billion share unlock exposes a major 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. A week earlier, Aave Labs proposed accepting tokenized SpaceX shares (SPCXc) as collateral on its V4 Equities Hub on Base. Aave's risk adviser LlamaRisk published its assessment of the listing on Oct. 15 with the largest unlock dated for early November, and SpaceX's earnings date pulled that release forward by about two weeks. LlamaRisk modeled the earnings-linked release for Nov. 5 to Nov. 9 using third-party earnings estimates. SpaceX confirmed on Oct. 16 that it would report on Oct. 20, when it posted about $14.6 billion in revenue and $4.4 billion in net income, which places the release on Oct. 22.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CryptoSlate.