Kraken Official: SpaceX Pre-IPO Quota Insufficiency Leads to Partial Order Fulfillment; Equity and Tokenized SPCXx Trading Launched Today

Odaily Odaily reported that Nata, an official from Kraken, stated on the X platform that Kraken did not receive the expected Pre-IPO quota from SpaceX's underwriters, resulting in only partial fulfillment of customer orders today. Unfulfilled portions will be fully refunded with no fees charged.

Today, Kraken launched trading of SpaceX equity and tokenized SpaceX (SPCXx) for eligible clients on its platform. Demand for SpaceX Pre-IPO access on xStocks has been extremely high. IPO quotas are entirely determined by the issuer's underwriters, and global demand for this issuance has been exceptionally strong.

Payward is well-positioned to secure IPO quotas, having attracted over $1 billion in Pre-IPO demand during the week before the listing. Clients will be notified in the coming weeks about opportunities to participate in future IPO Access offerings. Following SpaceX's public listing, Kraken will list SpaceX equity and xStock for eligible clients today. xStocks remains the only platform offering continuous trading of tokenized SpaceX, with trading also available during the first post-listing weekend.