Key Takeaways:
- Kraken has released SpaceX IPO access for registered customers from over 110 countries.
- Successful applicants will receive SPCXx, a tokenized asset backed 1:1 by SpaceX equity.
- SPCXx will trade 24/7, including the first weekend after the IPO when traditional markets are closed.
Recently, SpaceX has become one of the big stories for an IPO, but it has been a traditionally institutional haven and a select group of investors until now. Now Kraken is trying to alter that with xStocks, which provides certain users around the world with a new method to enjoy the hallowed experience of trading on public exchanges before the bidding starts.
Read More: Deutsche Börse Bets $200M on Kraken, Targets Trillion-Dollar Tokenized Markets
Kraken Brings SpaceX IPO Access to Global Crypto Investors
Kraken announced that eligible customers across more than 110 supported jurisdictions, including countries within the European Economic Area (EEA), can now register their interest in participating in the upcoming SpaceX public offering.
We’re kicking off IPO Access on Kraken with one of the biggest IPOs ever.
SpaceX available on xStocks (SPCXx).
See the price range, review the details, and submit your interest in the Kraken app before the window closes.
👉 https://t.co/wKnib4oiqM pic.twitter.com/Nro6MBdfCE
— Kraken (@krakenfx) June 5, 2026
The initiative is being launched through xStocks, Kraken’s tokenized equities infrastructure. Investors who receive an allocation will be issued SPCXx, a blockchain-based asset designed to represent SpaceX equity on a 1:1 basis.
The process doesn’t require the need to deal with investment banks or brokerage agreements as is often with traditional IPOs but can be done via the Kraken mobile application.
The exchange noted that the available offering is restricted to users outside the U.S., U.K., Canada and Australia, as a result of restrictions imposed by the enforcing authorities.
Read More: Coinbase Opens the Door to SpaceX Trading With New Pre-IPO Perpetual Futures
SPCXx Introduces 24/7 Access to SpaceX
The most significant thing about the offering is that it can be traded continuously.
Tokenized Shares Continue Trading After Markets Close
While first-time trading of SPCX positions will take place on the first weekend, Kraken says they will be able to conduct trade on its platform around the clock for SPCXx holders.
The conventional brokerages are closed after the market hours and are not open on weekends. In contrast to that, traders on SPCXx won’t see any disruption while trading on Kraken or other xStocks Alliance platforms.
The model is part of a larger trend, that of bringing together public equity and crypto-native infrastructure. Investors will be able to respond to significant news or changes, make adjustments to their trading strategies, and withdraw from positions without having to wait for stock exchanges to re-open.
Kraken says that this makes the trading market more user-friendly and inter-navigable than traditional equity trading.
Tokenized Equities Become a New Growth Area for Crypto
The release underscores a trend in crypto exchanges to venture beyond crypto assets into tokenized versions of financial products.With xStocks, each detached stock is supported by an underlying share of a stock exchange regulated entity.
The assets may also be able to be transferred between similar platforms and fitted into decentralized finance applications, which provide flexibility greater than the majority of conventional brokerage accounts.
More public offerings are planned in the coming weeks with the company on a broader trajectory to embrace tokenized capital markets.
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