Shares jumped 7.6% on Monday, extending a strong run after Morgan Stanley reiterated an Overweight rating and a $300 price target. The bank argues that SpaceX looks expensive on conventional profit multiples, but significantly cheaper after adjusting for its expected growth across launch, Starlink and AI-related businesses.

But the most interesting connection may now be coming from crypto.

SpaceX Could Soon Trade Like Crypto

OKXICE, the joint venture between crypto exchange OKX and NYSE owner Intercontinental Exchange, has notified the SEC of plans for a 24/7 tokenized U.S. stock market.

That creates an unusual possibility:

SpaceX by day, SpaceX/USDC by night.

For investors, tokenization does not change SpaceX’s rockets, Tesla’s…