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Big Whales' Movements

SpaceX
2026-06-12 21:00:50

SpaceX IPO Tokenized Access Falters as xStocks Allocations Fall Short

SpaceX listed on Nasdaq at $135 per share under the ticker SPCX, raising $75 billion and briefly trading above $170. But the crypto industry’s tokenized IPO access experiment broke down as xStocks allocations fell far below demand, triggering refunds across Bybit, Binance and Bitget Wallet, while many Kraken users received only about 4.2786 SPCXx tokens.

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SpaceX IPO Tokenized Access Falters as xStocks Allocations Fall Short