Kraken has introduced a groundbreaking service allowing retail investors to access SpaceX’s upcoming IPO through tokenized shares, bypassing the traditional Wall Street system that typically favors large institutions. The offering is available in over 110 countries via Kraken’s xStocks platform, where users can apply for IPO allocations and receive SPCXx tokens, each backed 1:1 by actual SpaceX stock. Eligible participants must have a verified Kraken account and submit their interest through the mobile app before the window closes. Notably, investors in the U.S., Canada, Australia, and the U.K. are currently excluded due to regulatory constraints. The tokenized shares can be traded around the clock on Kraken and other xStocks network platforms, providing unprecedented liquidity for what could be the largest IPO in history, with SpaceX reportedly seeking to raise $75 billion at a valuation exceeding $1.8 trillion. This move places Kraken in direct competition with long-standing Wall Street practices, democratizing access to high-profile IPOs. Beyond its aerospace ventures, SpaceX has secured major AI infrastructure contracts, including a $920 million monthly deal with Google for GPU access and a $1.25 billion monthly agreement with Anthropic, which could further boost investor interest. Kraken’s expansion into tokenized equities follows its acquisition of Backed Finance and Bitnomial, signaling a broader strategy to bridge crypto and traditional finance.