Kraken offers SpaceX IPO access through xStocks
Kraken is opening access to SpaceX’s upcoming public offering through its tokenized equities platform, xStocks, showing closer links between crypto infrastructure and traditional markets. Eligible users in the EEA and over 110 international markets can apply through the Kraken mobile app, but not via Kraken Pro or desktop. Participation is blocked in the US, Canada, Australia, and the UK because of regulatory limits. Users who receive an allocation will get SPCXx, a 1:1 tokenized version of SpaceX equity that can trade 24/7 on Kraken and other xStocks platforms. SpaceX is expected to start trading publicly on June 12, with strong demand already reported. The company is seeking about $75 billion at a valuation of at least $1.8 trillion, which would make it the largest IPO on record. Starlink is a major driver of its growth, though the company’s costly launch operations could affect valuation.
