Written by Sam Bourgistaff writerReviewed by Robert Lakinstaff editor
Written by Sam Bourgistaff writer
Reviewed by Robert Lakinstaff editor
Kraken offers SpaceX IPO access through xStocks
Latest NewsPublishedJun 5, 2026
Eligible users in more than 110 markets can register for tokenized SpaceX equity ahead of the company’s highly anticipated public listing.
Crypto exchange Kraken is giving customers access to the upcoming SpaceX initial public offering through xStocks, a tokenized equities platform, highlighting the growing convergence between crypto infrastructure and traditional capital markets.
Kraken revealed Friday that SpaceX will be the first public offering available through xStocks IPO Access, which allows eligible users to participate in the offering through tokenized equity instruments.
To participate, users must have a verified Kraken account on the Kraken mobile app and submit an application for IPO access. The offering is not available through Kraken Pro or the company’s desktop platform.
as reported by Kraken, IPO Access is available across the European Economic Area (EEA) and more than 110 international markets, though participation is restricted in the United States, Canada, Australia and the United Kingdom due to regulatory limitations.
Source: Kraken
Eligible users can register interest in purchasing SpaceX shares before the company begins public trading. Investors who receive an allocation will be issued SPCXx, a tokenized representation of SpaceX equity backed 1:1 by the underlying shares. The tokens can be traded 24/7 on Kraken and other participating xStocks platforms.
Related: Kraken’s xStocks tops $25B in volume with more than 80K onchain holders
SpaceX targets $1.8 trillion valuation, record debut
SpaceX is expected to begin trading publicly on June 12, giving investors their first opportunity to own shares in Elon Musk’s rocket and satellite company.
as reported by Bloomberg, demand for the offering has already exceeded the number of shares available, with SpaceX seeking to raise roughly $75 billion at a valuation of at least $1.8 trillion. If achieved, the listing would be the largest IPO ever, exceeding Saudi Aramco’s $29.4 billion deal in 2019, Bloomberg stated.
The company’s growth story is largely tied to Starlink, its satellite internet business, which has become a major source of revenue and profitability.
nevertheless, SpaceX’s capital-intensive launch and space exploration operations continue to incur high costs, raising questions about how investors will value the company once it begins trading on the public market.
Source: Lance Roberts
Related: SpaceX reveals larger-than-expected Bitcoin holdings in IPO filing
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Tokenization
- Stocks
- Elon Musk
- Kraken
- Investments
More on the subject
Professional investors dumped 52K BTC worth of ETFs in Q1, filings demonstrate
Jun 4, 2026
Sam Bourgi
Crypto turns ‘contrarian bet’ as AI stocks draw investor attention: Bitwise
Jun 3, 2026
Martin Young
Coinbase invests in ProShares ETF tailored for stablecoin reserve assets
Jun 2, 2026
Sam Bourgi
Professional investors dumped 52K BTC worth of ETFs in Q1, filings demonstrate
Jun 4, 2026
Sam Bourgi
Crypto turns ‘contrarian bet’ as AI stocks draw investor attention: Bitwise
Jun 3, 2026
Martin Young
Coinbase invests in ProShares ETF tailored for stablecoin reserve assets
Jun 2, 2026
Sam Bourgi
