TechFlow News, June 12: Kraken employee Nata explained in a post that due to the SpaceX Pre-IPO allocation falling short of initial expectations, only partial execution of user orders occurred today; the unfulfilled portions will be fully refunded to users’ accounts at no charge. Demand for access to the SpaceX Pre-IPO via the xStocks platform has been extremely high, but IPO allocations are entirely determined by the issuer’s underwriters—not by Kraken or xStocks. Meanwhile, Kraken has launched trading of SpaceX equity and tokenized SpaceX (SPCXx) for eligible customers and stated that it will notify customers about upcoming IPO Access opportunities over the coming weeks.
Additionally, according to reports from community users, multiple users who successfully participated in the new share offering through Kraken—via xStocks—have received their allotments, each uniformly consisting of 4.2786 SPCX U.S. equity tokens, valued at approximately $600.
