PANews reported on June 12 that, according to a statement released to users by Kraken employee Nata, due to overwhelmingly higher-than-expected demand for SpaceX's pre-IPO subscriptions from the xStocks platform, Kraken was unable to obtain the originally anticipated allocation from SpaceX's underwriters and could only partially fulfill user orders. IPO allocations are determined by the issuing underwriters, not by Kraken or xStocks.

Kraken stated that demand for this offering was exceptionally strong globally, attracting over $1 billion in pre-IPO subscription demand in the week leading up to the listing. Any unallocated funds will be fully refunded to user accounts without any fees.

In addition, Kraken announced that it will launch trading of SpaceX equity and tokenized stock SPCXx on its platform, and emphasized that xStocks is currently the only platform that supports continuous trading of tokenized SpaceX, even on the first weekend after listing, while traditional brokerages will have to wait until the next trading day to open.