Want In On SpaceX? Kraken Unveils Early IPO Access Via xStocks

bitcoinistОпубліковано о 2026-06-06Востаннє оновлено о 2026-06-06

Анотація

Kraken now allows eligible customers in over 110 markets, excluding the US, Canada, Australia, and the UK, to register interest in the upcoming SpaceX IPO through its xStocks IPO Access program. Participation requires a verified standard Kraken mobile app account. Successful applicants will receive SPCXx, a tokenized claim backed 1:1 by SpaceX shares, instead of traditional brokerage positions. These tokenized shares can then be traded 24/7 on Kraken and other xStocks venues post-allocation. This initiative aims to broaden retail access to high-profile IPOs, typically dominated by large institutions, and is part of Kraken's larger push into tokenized equity markets. The highly anticipated SpaceX public offering is expected to begin trading on June 12.

Kraken has opened a path for eligible customers in more than 110 markets to register interest in SpaceX before the company starts public trading, and anyone who receives an allocation will get SPCXx, a tokenized claim backed 1:1 by the underlying shares.

The move puts one of the year’s most watched offerings inside a crypto app, but only for users outside the US, Canada, Australia and the UK.

How The Access Works

To take part, users need a verified Kraken account and the Kraken mobile app, not Kraken Pro or the desktop site. Kraken said the SpaceX program is being run through xStocks IPO Access, which lets eligible customers submit interest ahead of the listing, and any allocation will be issued as a token rather than a traditional brokerage position.

Source: Kraken

The company’s support pages say the feature is available in the EEA and most of the rest of the world, while US residents and clients in Canada, Australia and the UK are excluded. Kraken also said the tokenized shares can trade around the clock on Kraken and other participating xStocks venues after allocation.

The structure matters because it changes who can get near an IPO at all. In the usual process, access to pricing near the offering often goes to large institutions and a limited set of broker clients, while most retail buyers only show up once trading is already live.

BTCUSD now trading at $60,744. Chart: TradingView

A Wider Push Into Tokenized Markets

Kraken is pitching the offering as part of a broader push to bring tokenized equities into everyday use, and SpaceX is the first IPO it has placed behind that door.

The exchange’s blog says the company is opening the door to a large global audience, while its support material frames the program as a way to let eligible customers submit interest before the stock begins open-market trading.

That gives the product a different feel from a standard stock listing. Instead of waiting for a broker to open a book order or for a public market debut to settle, users would be dealing with a token tied to the share after allocation, with trading possible across the xStocks network at any hour.

SpaceX Becomes The Test Case

SpaceX is a fitting first name for the experiment because demand for the company has been intense and the public offering is being watched closely.

The company is expected to begin trading publicly on June 12 and that demand has already topped the number of shares available, based on Bloomberg’s reporting.

Featured image from Unsplash, chart from TradingView

Пов'язані питання

QWhat is the name of the program through which Kraken is offering eligible customers the chance to register interest in the SpaceX IPO?

AThe program is called xStocks IPO Access.

QHow will customers who receive an allocation of SpaceX shares via Kraken actually hold their investment?

AThey will receive SPCXx, a tokenized claim backed 1:1 by the underlying shares, rather than a traditional brokerage position.

QWhich major countries' residents are explicitly excluded from participating in Kraken's SpaceX IPO access program?

AResidents of the United States, Canada, Australia, and the United Kingdom are excluded.

QWhat is one key difference between accessing SpaceX via Kraken's tokenized offering and a standard stock listing, according to the article?

AInstead of waiting for a broker to open an order or for a public market debut, users deal with a token tied to the share, which can be traded around the clock on the xStocks network.

QWhen is SpaceX expected to begin trading publicly, according to the article?

ASpaceX is expected to begin trading publicly on June 12.

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