The wall between cryptocurrency and traditional finance continues to fall. Crypto exchange Kraken has officially announced that eligible users will be able to grab a piece of the highly anticipated SpaceX initial public offering (IPO) before the company hits the open market. By utilizing a tokenized equities platform called xStocks, Kraken is giving everyday crypto investors a streamlined gateway into one of the most exciting public listings in history.
How to Access Tokenized SpaceX Shares on Kraken
SpaceX will be the very first public offering available through Kraken’s new IPO Access feature. To get in on the action, users need to download the Kraken mobile app, verify their accounts, and submit a direct application. The company has decided to keep this offering completely exclusive to mobile users, meaning investors will not be able to apply through the standard desktop platform or Kraken Pro.
Once approved, investors can officially register their interest in buying shares before the aerospace company begins public trading. If you receive an allocation, Kraken will issue you SPCXx tokens. These digital tokens represent real SpaceX equity and are backed one-to-one by the actual underlying shares. Because they live on the blockchain, SPCXx holders will have the freedom to trade their equity 24/7 on Kraken and other participating xStocks platforms, bypassing the restrictive operating hours of traditional stock markets.
While this represents a massive leap for decentralized finance, the offering is not available globally. Kraken has opened IPO Access to the European Economic Area (EEA) and over 110 international markets. However, due to strict local regulatory hurdles, users in the United States, Canada, the United Kingdom, and Australia are currently excluded from participating in the tokenized offering.
Inside SpaceX’s Historic $1.8 Trillion IPO
Elon Musk’s aerospace giant is expected to make its public market debut on June 12, and the financial world is bracing for an unprecedented event. SpaceX is seeking to raise a staggering $75 billion, targeting a total company valuation of at least $1.8 trillion. If these numbers hold, this will easily become the largest IPO in global history, completely shattering the $29.4 billion record previously set by Saudi Aramco in 2019. Unsurprisingly, early reports indicate that investor demand is already massively outweighing the number of available shares.
This massive valuation is largely being driven by Starlink, SpaceX’s global satellite internet division. Starlink has rapidly evolved into a reliable revenue generator, providing the company with a highly profitable financial foundation. Despite this success, potential investors still have to weigh these profits against the astronomical costs of the company’s core mission. Deep space exploration, rocket manufacturing, and continuous launch operations remain heavily capital-intensive, leaving traditional financial analysts incredibly curious about how the broader public market will balance these costs against the company’s ambitious future.
