Exploring the SpaceX IPO and the Ability to Utilize Your Crypto
- Landon
- Jun 12
- 2 min read
Updated: Jul 4
The long wait for SpaceX public debut is finally over, and you can purchase their stock on the market now. They have IPOs and a price set at 135 dollars per share, and their evaluation exceeds 1.7 trillion dollars. This release is more than just a milestone for the company, it is the largest public offering in history. If you are a crypto-only investor you can still reap the benefits of this release by purchasing Mirrored IPOs in their contract with Kraken.
What is a mirrored IPO?
In the blockchain world, a “mirrored” asset is a tokenized representation that allows you to gain the benefits of the liquid IPO without actually owning the security. When you purchase one of these mirrored IPOs, you are not actually buying a share from the traditional brokerage. Instead, you are signing a smart contract that tracks the price of the actual SpaceX stock in real-time. There are some benefits of doing this, but first there should be a disclaimer on them. If an investor decided to buy a mirrored IPO, they will not have insurance on it like they would on a traditional IPO. If something were to happen with the valuation, actual IPO holders would have a back net to rely on but the investor using crypto would not.
Why trade with mirrored assets?
If you are a crypto native trader, there are significant benefits to buying a mirrored asset. First, there are no hoops in transferring funds or swapping currencies. You can use your crypto assets like Bitcoin and Solana as collateral. Another awesome benefit is not having to wait on traditional banks for ACH and wire transfers, which cost a lot of time and usually they take a “fee” for it. Speaking of time, it is a huge benefit to have 24/7 access when using your digital assets. The market has hours, with an opening bell and closing hours. When you buy the mirrored asset, you can manage your SpaceX mirrored asset anytime you want, not just when Wall Street is open.
The big thing for people dipping their toes in the water with investing is fractionalization. Instead of having to spend 135 on the IPO for a guarantee, you can purchase a fraction of it in a mirrored asset and be a fractional owner. You can balance your portfolio better if you need to and have the option to play around in the market more if you do not have to dedicate the full 135 to own a full IPO.
June 12, 2026
