SpaceX · CoinDesk
Retail orders exceeded $100 billion, while that the retail portion was cut to the low-20% range before pricing
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One person familiar with the matter told CoinDesk that xStocks and its distribution partners gathered more than $1 billion in customer orders.
Key facts
- The company sought to raise $75 billion, with an initial plan to reserve 30% of the offering for retail investors
- Retail orders exceeded $100 billion, while that the retail portion was cut to the low-20% range before pricing
- Io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model
- live as of 11 June 2026
- One person familiar with the matter told CoinDesk that xStocks and its distribution partners gathered more than $1 billion in customer orders
Summary
Binance Wallet, Bybit and Bitget canceled SpaceX pre-IPO offerings after failing to secure shares through xStocks. The issue wasn't tokenization itself but getting access to the underlying asset, industry participants said. SpaceX's IPO saw overwhelming retail demand that far exceeded available shares, leaving many retail orders only partially filled or unfilled. The race to get into the SpaceX IPO left many crypto investors on the sidelines.