Event

SpaceX on-chain IPO

Event date 2026-06-15 Assets involved: SpaceX（SPCX） Issuers involved: xStocks (Backed) Page verified on 2026-07-06

WHAT HAPPENED

Over $1B of subscriptions routed through a single intermediary; several exchanges cancelled with full refunds after failing to secure allocation, while only a few venues delivered pro-rata (sample placeholder)

Source: Kraken 关于 SpaceX 链上 IPO 认购与交割的公告（Verified on 2026-07-06）

Venue performance records

Kraken Verified on 2026-07-06

Promised: Offered users a subscription channel for the SpaceX on-chain IPO (sample placeholder)

Delivered: Delivered pro-rata, far below subscribed amounts (sample placeholder)

Verdict: Better delivery than peers on the same channel, but the promise-vs-allocation intermediary risk is real