SpaceX IPO Goes Crypto: Bybit Launches IPO Express, Opens Access to Tokenized Shares

The effort to make investing easier and available to more people has now reached a new stage. Cryptocurrency exchange Bybit has launched IPO Express, a new platform that allows eligible users to participate in tokenized initial public offerings,and Elon Musk-led SpaceX is going to be the first company available through the offering.

So Bybit is going to offer retail investors access to IPO allocations at the offering price, which is traditionally reserved for institutional investors, wealthy clients, and some brokerage networks.

What is Bybit IPO Express?

Bybit IPO Express is expecting to bridge the gap between traditional stock markets and blockchain-based finance. Through a partnership with xStocks, users can subscribe to tokenized versions of IPO shares directly through their Bybit accounts without opening a traditional brokerage account.

For years, retail investors in many countries have only been able to buy shares after a company's stock market debut, often at higher prices. The compnay says IPO Express will allow eligible users to access shares at the same IPO price available to large institutional investors.

How Will the SpaceX IPO Work on Bybit?

According to Bybit, eligible users can register interest and submit subscription requests between June 7 and June 11, 2026. After the allocation, tokenized SpaceX shares are expected to be credited to user accounts before trading begins on Bybit's spot platform on June 12.

The tokenized shares are backed 1:1 by actual equity held through regulated custody arrangements under the xStocks framework.

SpaceX is currently the awaited public listing in modern market history. The company has reportedly fixed its IPO price at $135 per share and is targeting a record-breaking $75 billion fundraising, which would value the company at around $1.75 trillion. If successful, it would become one of the largest IPOs ever seen on Wall Street.

Founded by Elon Musk, SpaceX has taken over the space industry through reusable rockets, the Starlink satellite internet network, and ambitious plans for interplanetary travel.

However, Investors should know that like traditional IPOs, prices can be highly volatile after listing, particularly in a blockbuster offering such as SpaceX. So one should carefully review eligibility requirements, regulatory restrictions, ownership rights, and market risks before participating

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