JPMorgan just loosened restrictions on using $SPCX (SpaceX) shares as collateral for loans.

This is a quiet but meaningful shift. When a major bank relaxes lending rules against private company stock, it's signaling confidence in valuation stability and liquidity expectations.

For SpaceX holders, this opens up capital access without triggering taxable events. For the broader market, it's another data point showing how private equity is slowly merging with public market mechanics.

Worth watching how other banks follow suit.