business
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.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Bloomberg Tech
SpaceX Shares Surge After IPO Making Musk a Trillionaire
LA Times
SpaceX shares rise 18% in early trading during historic IPO
TechCrunch
SpaceX shares soar 30% midday, vaulting it to top six most valuable U.S. companies
Le Monde (English)
Musk becomes world's first trillionaire as SpaceX shares soar
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop