SpaceX · U.S. · Canada · Cointelegraph
Kraken offers SpaceX IPO access through xStocks
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Eligible users in more than 110 markets can register for tokenized SpaceX equity ahead of the company's highly anticipated public listing.
Key facts
- Demand for the offering has already exceeded the number of shares available, with SpaceX seeking to raise roughly $75 billion at a valuation of at least $1.8 trillion
- According to Kraken, IPO Access is available across the European Economic Area (EEA) and more than 110 international markets, though participation is restricted in the United States, Canada
- Investors who receive an allocation will be issued SPC, a tokenized representation of SpaceX equity backed 1:1 by the underlying shares
- SpaceX is expected to begin trading publicly on June 12, giving investors their first opportunity to own shares in Elon Musk’s rocket and satellite company
Summary
Crypto exchange Kraken is giving customers access to the upcoming SpaceX initial public offering through xStocks, a tokenized equities platform, highlighting the growing convergence between crypto infrastructure and traditional capital markets. Kraken announced Friday that SpaceX will be the first public offering available through xStocks IPO Access, which allows eligible users to participate in the offering through tokenized equity instruments. To participate, users must have a verified Kraken account on the Kraken mobile app and submit an application for IPO access. According to Kraken, IPO Access is available across the European Economic Area (EEA) and more than 110 international markets, though participation is restricted in the United States, Canada, Australia and the United Kingdom due to regulatory limitations.