Crypto exchange Bybit enables users to subscribe to tokenized SpaceX IPO shares at $135 each, targeting a $75 billion raise.
Bybit introduced IPO Express, allowing eligible users to subscribe to tokenized representations of SpaceX IPO shares. The offering, available from June 7 to June 11, grants crypto-native investors access to primary-market pricing via Bybit accounts.
SpaceX aims to raise $75 billion at a $1.75 trillion valuation, with shares priced at $135. Demand has already surpassed the target, with allocations expected to be highly competitive. The tokens, however, do not confer voting rights, dividends, or direct ownership of the underlying stock.
Trading of the tokenized shares on Bybit is scheduled to begin June 12. The platform supports participation using assets like $USDC, with funds locked until allocation completion.