Eligible users can now register for the upcoming SpaceX initial public offering (IPO) through the tokenized equities platform xStocks, operated by the crypto exchange Kraken. This offering is notable as SpaceX is anticipated to achieve a valuation of at least $1.8 trillion, aiming to raise approximately $75 billion during its public debut on June 12, 2026.
Participation in this IPO is open to users in over 110 international markets, although restrictions apply in the United States, Canada, Australia, and the United Kingdom due to regulatory issues. Investors interested in purchasing shares must hold a verified Kraken account and apply through the Kraken mobile app, as the offering is not available on the Kraken Pro or desktop platforms.
Successful applicants will receive SPCXx tokens, which represent SpaceX equity on a 1:1 basis with the underlying shares. These tokens will be tradable around the clock on Kraken and other xStocks platforms. Notably, demand for the IPO has already surpassed the shares available, positioning it to potentially become the largest IPO in history, surpassing Saudi Aramco's record from 2019.