Kraken Opens SpaceX IPO Access via xStocks; Largest IPO on Record at $75B Fundraise, $1.8T Valuation

Crypto exchange Kraken opened SpaceX initial public offering access through xStocks, a tokenized equities platform, allowing eligible users to purchase SPCXx tokens backed 1:1 by underlying shares before SpaceX begins trading on June 12.

SpaceX is seeking to raise approximately $75 billion at a valuation of at least $1.8 trillion. If completed at that scale, the listing would rank as the largest IPO on record, surpassing Saudi Aramco's $29.4 billion offering in 2019. Kraken said IPO Access is available across the European Economic Area and more than 110 international markets, though users in the United States, Canada, Australia, and the United Kingdom are restricted due to regulatory limitations.