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Binance Bybit and Kraken Get Less SpaceX Shares Than Expected, But One Fared Worse
Key takeaways
- Space X began trading on Nasdaq under the SPCX ticker on June 12 after raising $75 billion at a $1.75 trillion implied valuation.
- The Kraken growth team said the pre-IPO allocation received from underwriters fell below expectations for its tokenized SpaceX IPO access program.
- User demand significantly exceeded supply, so the exchange could only partially fill orders.
Binance Bybit and Kraken Get Less Space X Shares Than Expected, But One Fared Worse Lockridge Okoth Fri, June 12, 2026 at 11:15 PM GMT+7 3 min read KRAK.PVT SPCX Binance, Bybit and Kraken users received only a fraction of the SPCX shares they subscribed for, as the Space X IPO allocation handed to crypto platforms came in far below demand.
Space X began trading on Nasdaq under the SPCX ticker on June 12 after raising $75 billion at a $1.75 trillion implied valuation. Exchanges offering tokenized access have started refunding unfilled orders.
The Kraken growth team said the pre-IPO allocation received from underwriters fell below expectations for its tokenized SpaceX IPO access program.
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