SpaceX is set to complete the largest stock market debut in history with a $75 billion raise at a $1.8 trillion valuation when trading begins on Nasdaq June 12. The offering is already oversubscribed, and unusually, SpaceX has reserved up to 30 percent of shares for retail investors, roughly triple the typical allocation, sparking intense competition among brokers and crypto platforms to capture those orders.
US brokerages including Robinhood, Fidelity, Charles Schwab, SoFi and E*Trade are offering real allocations at the $135 IPO price to American clients. Crypto exchanges Kraken and Bybit are tokenizing shares through xStocks for international investors. Meanwhile, Binance, OKX, Gate and others have launched synthetic products like perpetual contracts and CFDs that carry no actual equity. Private secondary markets like Forge and Hiive have quoted SpaceX significantly higher, with shares listed near $832 in April.
FXnCO Insight
Traders should verify whether their platform is offering genuine IPO allocations, tokenized shares, or synthetic derivatives, as pricing, settlement and exposure differ drastically across venues.
Source: Finance Magnates