Aave weighs tokenized SpaceX shares as collateral, with LlamaRisk urging caution

A governance proposal would let SPCXc holders borrow USDC on Aave V4, but risk advisors want tight limits ahead of a massive share unlock Aave may soon let users borrow against a piece of Elon Musk’s rocket company. Aave Labs has put forward a governance proposal to accept tokenized SpaceX Class A common stock, trading as SPCXc, as collateral on the protocol’s Aave V4 Equities Hub. Risk advisory firm LlamaRisk has recommended a set of guardrails for the listing. The proposal was introduced on October 15, 2026.