When SpaceX went public, it didn’t just break records — it shattered them. The company raised $75 billion in its IPO, roughly triple the amount Saudi Arabia’s Aramco pulled in during its 2019 offering, and nearly five times what Meta raised when it debuted on markets. Everyone wanted a piece. That included crypto platforms, which had pre-sold SpaceX IPO tokenized stocks to their users well before the first share changed hands. When IPO day arrived, many of those customers got a very different outcome than they expected.
Key takeaways
SpaceX raised a record-breaking $75 billion in its IPO, nearly triple Saudi Aramco’s 2019 record.
Crypto exchanges Binance Wallet, Bybit, and Bitget Wallet canceled SpaceX pre-IPO token offerings and refunded customers after failing to secure shares through xStocks.
xStocks, Kraken’s tokenized equities arm, received fewer underlying shares than expected due to Elon Musk limiting retail investor allocations.
Retail investors at tradi
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