BREAKING: Binance, Bybit and Bitget just canceled $SpaceX IPO allocations and issued full refunds. They couldn't secure the underlying shares.

Three major CEXs fumbled the bag on what could've been the biggest tokenized equity play of 2025. Either liquidity dried up or Musk's team pulled the plug.

This was supposed to be the bridge between TradFi and crypto. Now we're back to square one.

Refunds going out, but the real question: who's actually getting exposure to SpaceX on-chain now? 🤔