Crypto exchanges, including Bybit and Binance, canceled tokenized SpaceX IPO campaigns and issued refunds, blaming the allocation shortfall on xStocks.

SpaceX’s IPO attracted $250 billion in demand, nearly four times oversubscribed, with crypto exchanges offering pre-IPO futures as spot markets sold off.

SpaceX prices its $75B IPO at $135/share for June 12 Nasdaq debut. Here's how retail and crypto traders can access SPCX.