Kraken has opened entry to the upcoming SpaceX IPO by means of tokenized shares throughout greater than 110 markets, bringing a historically unique Wall Avenue course of to retail buyers.
Based on an announcement from Kraken, SpaceX will develop into the primary firm provided by means of its new xStocks IPO Entry program, a service that lets eligible retail buyers apply for IPO allocations utilizing tokenized fairness devices quite than conventional brokerage channels.
We’re kicking off IPO Entry on Kraken with one of many greatest IPOs ever.
SpaceX out there on xStocks (SPCXx).
See the worth vary, evaluate the main points, and submit your curiosity within the Kraken app earlier than the window closes.
👉 https://t.co/wKnib4oiqM pic.twitter.com/Nro6MBdfCE
— Kraken (@krakenfx) June 5, 2026
Customers should maintain a verified Kraken account by means of the trade’s cellular software and submit an IPO entry request earlier than shares develop into out there.
Kraken mentioned the service is at the moment accessible throughout the European Financial Space and greater than 110 worldwide markets, whereas customers in the US, Canada, Australia, and the UK stay excluded due to regulatory restrictions.
Traders who obtain allocations will probably be issued SPCXx, a tokenized illustration of SpaceX fairness backed one-for-one by underlying shares. Based on Kraken, these tokens will probably be tradable across the clock on Kraken and different platforms taking part within the xStocks community.
The launch locations Kraken in direct competitors with a long-standing Wall Avenue observe through which IPO allocations are usually reserved for institutional buyers and rich shoppers.
Earlier this week, Kraken-affiliated Payward Providers mentioned prospects of Kraken and chosen xStocks Alliance members would be capable of register curiosity in upcoming U.S.-listed IPOs earlier than firms start buying and selling publicly.
Based on Payward Providers, profitable candidates will obtain tokenized shares on the IPO providing worth on itemizing day, with the underlying inventory held by a regulated custodian. The corporate mentioned the construction is meant to supply retail buyers with entry that has traditionally been troublesome to acquire by means of typical public providing processes.
SpaceX itemizing attracts robust demand
Bloomberg reported that SpaceX is anticipated to start buying and selling publicly on June 12 and is looking for to lift roughly $75 billion at a valuation exceeding $1.8 trillion. Based on Bloomberg, investor demand has already surpassed the variety of shares out there.
If accomplished at that scale, Bloomberg mentioned the transaction would develop into the most important IPO on document, surpassing the $29.4 billion itemizing accomplished by Saudi Aramco in 2019.
A lot of the corporate’s valuation has been linked to the expansion of Starlink, its satellite tv for pc web enterprise. On the similar time, SpaceX continues to speculate closely in launch providers, spacecraft improvement, and different capital-intensive operations that would affect how public market buyers assess the corporate after buying and selling begins.
AI infrastructure contracts add one other progress driver
Past its aerospace operations, SpaceX has expanded into AI infrastructure providers by means of giant compute agreements with know-how firms.
Based on a latest regulatory submitting, Google has agreed to pay SpaceX $920 million monthly from October 2026 by means of June 2029 for entry to roughly 110,000 NVIDIA GPUs, CPUs, reminiscence, and associated gear.
Google mentioned the association will assist meet stronger-than-expected demand for its Gemini Enterprise merchandise whereas extra inner capability is developed.
Shortly earlier than that settlement, SpaceX disclosed a separate cope with Anthropic. Underneath that contract, Anthropic agreed to pay $1.25 billion monthly by means of 2029 for compute capability from the Colossus 1 information middle close to Memphis, Tennessee.
The SpaceX providing additionally arrives as Kraken continues increasing past cryptocurrency buying and selling. In late 2025, the trade acquired xStocks operator Backed Finance and later introduced plans to introduce regulated Bitcoin perpetual futures in the US utilizing infrastructure obtained by means of its acquisition of Bitnomial.
