SpaceX IPO: SpaceX IPO gets Cryptocurrency touch. Here’s how
Registration and subscription for the SpaceX offering will run from June 7 to June 11, 2026, with allocations to be completed between June 11 and June 12. Tokenized shares are expected to begin trading on Bybit’s spot market from June 12.
Users will be able to purchase shares at IPO pricing, bypassing secondary market competition without the need to open or maintain traditional brokerage accounts.
He said that SpaceX, which started its promotional tour last week, attracted approximately $150 billion in investor demand for its IPO, which is approximately twice the $75 billion it aims to raise.
Cryptocurrency exchange Kraken said this month it is opening access to SpaceX’s IPO through xStocks to customers in more than 110 countries.
Wall Street believes 2026 could be a breakout year for the U.S. IPO market, fueled by a strong pipeline of high-profile private companies and pent-up demand for new IPOs.
SpaceX signed a blockbuster cloud computing deal on Friday that will see Google pay the Elon Musk-founded rocket company $920 million a month for access to a massive AI chip stack. According to the disclosure in its initial public offering filing, the deal, which will bolster SpaceX’s financing ahead of its June 12 IPO, includes a computing infrastructure consisting of approximately 110,000 Nvidia GPUs; This is the crucial hardware needed to power Google’s Gemini AI models.
The application states that Google will start paying the full monthly fee in October 2026, and a discounted fee will be applied during the increase period until then.
The deal runs through June 2029 and implies total payments of approximately $30 billion over the life of the contract.
The deal is similar to the one with AI giant Anthropic, under which SpaceX leased computing capacity at its Colossus data centers in Memphis, Tennessee, for $1.25 billion per month.
The facilities were originally built to power Musk’s rival artificial intelligence startup xAI. SpaceX’s IPO filing revealed that xAI reported an operating loss of $6.4 billion last year on total revenue of $3.2 billion.
“This is a short-term and timely agreement that ensures we have the bridge capacity to meet growing customer demand for our agency platform Gemini Enterprise, even higher than we expected,” a Google Cloud spokesperson said in an email to AFP.
The application states that after December 31, “the agreement may be terminated by any party with 90 days’ notice.”
The deals with Google and Anthropic come just days before SpaceX’s largest IPO in history, valuing the company at $1.8 trillion.
This valuation is largely based on Musk’s belief that he can realize his goals of massively expanding his Starlink satellite business, placing data centers in space using SpaceX rockets, and beginning to colonize Mars.
