> For the complete documentation index, see [llms.txt](https://cassowary.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://cassowary.gitbook.io/docs/spacex-ipo-spcxw-details.md).

# 🚀 SpaceX IPO (SPCXw) Details

## SpaceX Tokenized Stock (SPCXw)

Our flagship asset is **SPCXw (SpaceX Tokenized Stock - Cassowary)**. This token provides direct, 100% backed exposure to the price action of Space Exploration Technologies Corp.

### Pricing & Market Transition

#### 1. IPO Phase (Fixed Pricing)

During this initial accumulation phase, the minting price of SPCXw is strictly pegged to the latest published valuation: **$135.00 per share**.

#### 2. Live Market Transition

Once the asset transitions to a live, fluctuating market, the protocol will automatically switch to **Dynamic Pricing**. The minting price will sync in real-time with the Hyperliquid Order Book, ensuring users always mint at the exact fair market value (plus a minimal 0.05% operational spread).

### Token Specifications

For full transparency, all token data is public and verifiable on the blockchain.

* **Token Name:** SpaceX Tokenized Stock (Cassowary)
* **Ticker:** SPCXw
* **Network:** Arbitrum One
* **Decimals:** 18
* **Contract Address:** `0x6d52e703a3977724220D2154074179FcA5643B84`
* **Security:** Built on audited smart contracts (v5.0.4 Token ERC20 standard).

[View on Arbiscan Explorer](https://arbiscan.io/token/0x6d52e703a3977724220D2154074179FcA5643B84)

### How to View Your Tokens in MetaMask

Because SPCXw is a custom token, your Web3 wallet might not display it automatically after minting. To see your balance:

1. Open MetaMask and ensure you are on the **Arbitrum One** network.
2. Scroll down and click **"Import tokens"**.
3. Paste the Contract Address: `0x6d52e703a3977724220D2154074179FcA5643B84`
4. The symbol (SPCXw) and decimals (18) should auto-fill. Click **Next** and **Import**.

### 💡 Why doesn't the fiat ($) value show in my wallet?

If you import the token and see your balance (e.g., `10 SPCXw`) but the dollar value underneath says `$0.00`, **do not panic. This is completely normal.**

Wallets like MetaMask pull their fiat pricing data from centralized sites like CoinGecko or CoinMarketCap. Until SPCXw is officially listed on those tracking sites, MetaMask doesn't know how to display its dollar value.

However, the visual display in your wallet does not affect the actual value of the asset. **Because of our 100% backed architecture and the upcoming Direct Redemption Mechanism, your SPCXw will always be redeemable for its exact fair market value in USDC through our protocol.**


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