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SpaceX is set to debut on the public market on June 12, with Kraken offering tokenized equity access to eligible investors in over 110 international markets.
SpaceX is preparing for a highly anticipated public market debut scheduled for June 12, with the company seeking to raise approximately $75 billion at a valuation of at least $1.8 trillion [1]. Ahead of the listing, crypto exchange Kraken has announced that eligible users in more than 110 markets can register for access to tokenized SpaceX equity through the xStocks platform [1].
Key takeaways
The upcoming listing marks the first public offering available through Kraken’s xStocks IPO Access program [1]. Investors who successfully apply for an allocation will be issued SPCXx tokens, which represent a 1:1 backing by SpaceX equity and can be traded 24/7 on participating platforms [1]. While the company’s growth is heavily supported by its Starlink satellite internet business, the firm continues to face high costs associated with its launch and space exploration operations [1].
Participation in this offering is limited to verified Kraken users in the European Economic Area and other international markets, excluding the U.S., U.K., Canada, and Australia [1]. The process requires users to submit an application specifically through the Kraken mobile app, as the offering is not accessible via the company’s desktop platform or Kraken Pro [1].
As the company moves toward its public debut, regulatory filings have disclosed specific details regarding its corporate structure and operational hazards [2]. SpaceX will operate under a dual-class structure, where Class B shares held by Elon Musk carry ten votes per share, compared to one vote per share for Class A buyers [2]. This arrangement ensures that Musk maintains control over shareholder approvals and the election of 51% of the company's directors [2].
Furthermore, the company’s prospectus includes disclosures regarding the risks of its Starship program [2]. SpaceX noted that the reusability model involves vehicles reentering the atmosphere and flying over populated land, which carries inherent risks of structural breakup, loss of control, or debris dispersal [2]. The company acknowledged that safety protocols may not always prevent these hazards, providing legal notice regarding the potential for explosions or debris in the event of a failure [2].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 12, 2026 · How we report
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The SpaceX IPO represents a significant convergence between traditional capital markets and crypto-based infrastructure [1]. If the company reaches its $1.8 trillion valuation target, it would surpass the record set by Saudi Aramco’s 2019 deal [1]. Investors must weigh the potential of the company’s space technology against the realities of its dual-class governance and the inherent risks of its flight operations [2]. As the June 12 date approaches, the market will determine how these factors influence the valuation of the rocket and satellite company once it begins public trading [1].
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