Kraken official: Insufficient SpaceX Pre-IPO allocation leads to only partial order fulfillment; equity and tokenized SPCXx trading launched today

Odaily Planet Daily News: Kraken official Nata stated on platform X that Kraken did not receive the expected Pre-IPO allocation from SpaceX's underwriters. Today, only a portion of customer orders were fulfilled; unfulfilled portions will be fully refunded with no fees charged.

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

Payward is in a favorable position to secure IPO allocations, attracting over $1 billion in Pre-IPO demand in the week leading up to the listing. Clients will be notified in the coming weeks about opportunities to participate in future IPO Access offerings. Upon SpaceX's public listing, Kraken will enable trading of SpaceX equity and xStocks for eligible clients today. xStocks remains the only platform offering continuous trading of tokenized SpaceX, available even during the first weekend after the listing.