{"mint":"PreANxuXjsy2pvisWWMNB6YaJNzr7681wJJr2rHsfTh","symbol":"SPACEX","name":"SpaceX PreStocks","indexed":true,"company":{"id":"isin:US84615Q1031","name":"SpaceX","underlyingSymbol":"SPCX","underlyingIsin":"US84615Q1031","alternatives":[{"mint":"SPCXxcqXj6e5dJDVNovHN8744zkbhM2bYudU45BimGb","symbol":"SPCX","issuer":"Backpack Securities","structure":"custodied_entitlement"},{"mint":"Xs3oZwbHvqis4NYcf4YKWmEia2eC84wSiVrcYcTqpH8","symbol":"SPCXx","issuer":"xStocks (Backed)","structure":"securitized_exposure"},{"mint":"TSPXcLV76s6V2zDiZQ18kBfcbnjaE2ZzNT3ga2Pd99v","symbol":"tSpaceX","issuer":"Tessera","structure":"loan_participation"}],"contested":true},"grade":"F","inScope":true,"headline":"An interest in a vehicle that holds the shares. If the company has not consented to the transfer, the claim may not be recognised.","findings":[{"severity":"critical","message":"An interest in a vehicle that holds the shares. If the company has not consented to the transfer, the claim may not be recognised.","evidence":"PreStocks, PreStocks; special purpose vehicles hold the referenced shares","source":"https://www.coindesk.com/markets/2026/05/13/anthropic-openai-tokens-plunge-nearly-40-as-ai-firms-warn-spv-transfers-are-invalid"},{"severity":"critical","message":"Must be converted before a deadline or it stops being worth anything.","evidence":"SPACEX must be swapped before 11:59pm UTC on 12 March 2027 or, in the issuer's own words, tokens will expire worthless.","source":"https://prestocks.com/spacex"},{"severity":"critical","message":"Expires in 144 days. Swap into SPCXx (Xs3oZwbHvqis4NYcf4YKWmEia2eC84wSiVrcYcTqpH8) or another token. Unswapped tokens expire worthless.","evidence":"deadline 2027-03-12T23:59:00.000Z","source":"https://prestocks.com/spacex"},{"severity":"critical","message":"One key controls everything: minting, freezing, seizing, pausing and the balance display.","evidence":"single authority WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc"},{"severity":"warning","message":"A permanent delegate can move or burn these tokens from any wallet, including yours.","evidence":"permanentDelegate = WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc"},{"severity":"warning","message":"Every transfer is taxed 0.5%, with no cap.","evidence":"transferFeeConfig.transferFeeBasisPoints = 50"},{"severity":"warning","message":"About $1,000 can be sold inside 5% slippage.","evidence":"live Jupiter quotes at 2026-09-15T13:51:28.039Z"},{"severity":"warning","message":"Apps that read the multiplier field naively show 20% of your real balance.","evidence":"multiplier 1, effective 5"},{"severity":"note","message":"No shareholder rights. You get price exposure, not ownership.","evidence":"issuer documentation","source":"https://prestocks.com/spacex"},{"severity":"good","message":"Matches the issuer's canonical mint pattern and carries real issuance machinery.","evidence":"carries the full issuance, pause and corporate-action machinery; minted by the issuer's own authority (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc), verified on chain rather than inferred"}],"authenticity":{"verdict":"canonical","reasons":["carries the full issuance, pause and corporate-action machinery","minted by the issuer's own authority (WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc), verified on chain rather than inferred"],"redFlags":[]},"claim":{"issuer":"PreStocks","legalEntity":"PreStocks; special purpose vehicles hold the referenced shares","jurisdiction":"Not disclosed on the product page","structure":"spv_interest","redemption":"mandatory_conversion","shareholderRights":false,"corporateActions":false,"sources":{"structure":"https://www.coindesk.com/markets/2026/05/13/anthropic-openai-tokens-plunge-nearly-40-as-ai-firms-warn-spv-transfers-are-invalid","redemption":"https://prestocks.com/spacex","legalEntity":"https://prestocks.com/api/prestocks"}},"onchain":{"program":"Token-2022","decimals":9,"supplyRaw":"8742515849291","permanentDelegate":"WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc","pausable":{"authority":"WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc","paused":false},"transferFeeBasisPoints":50,"transferHookProgram":null,"distinctAuthorities":["WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc"],"multiplier":"1","effectiveMultiplier":"5","multiplierTrap":true,"fetchedAt":"2026-09-16T05:44:55.661Z"},"exit":{"tradable":true,"reason":null,"maxExitWithin5PctUsd":1000,"ladder":[{"usd":1000,"receivedUsd":971.679716,"lossPct":2.8320284000000013,"routed":true},{"usd":10000,"receivedUsd":8946.642277,"lossPct":10.533577229999992,"routed":true},{"usd":100000,"receivedUsd":null,"lossPct":null,"routed":false},{"usd":1000000,"receivedUsd":null,"lossPct":null,"routed":false}],"checkedAt":"2026-09-15T13:51:28.039Z"},"universeGeneratedAt":"2026-09-16T05:45:05.732Z","universeAgeHours":799,"disclaimer":"Sourced descriptions of legal structure and on-chain state. Not legal or investment advice. Every on-chain field is verifiable against any public Solana RPC."}