Cryptocurrency exchange Bybit enables direct access to SpaceX’s $75 billion IPO via tokenized shares, bypassing traditional brokerage accounts.
Cryptocurrency exchange Bybit will allow retail investors to purchase tokenized shares of SpaceX’s initial public offering at the offer price, starting June 7. The offering, facilitated via Payward’s xStocks platform, runs through June 11, with allocations finalized by June 12 and trading set to begin the same day.
SpaceX’s IPO has attracted $150 billion in investor demand, nearly double the $75 billion it aims to raise. The move follows Kraken’s recent expansion of SpaceX IPO access to clients in over 110 countries. Wall Street anticipates 2026 as a potential breakout year for U.S. IPOs, driven by high-profile private companies and pent-up demand for new listings.
Bybit’s initiative eliminates the need for traditional brokerage accounts, allowing users to bypass secondary market competition. Tokenized shares will trade on Bybit’s spot market, broadening retail investor participation in high-demand offerings.