Bybit Launches Tokenized SpaceX IPO Product at $135 USDC, Opens Sunday for June 12 Nasdaq Debut

According to The Block, Bybit launched its IPO Express product on Sunday, enabling eligible users to commit USDC for tokenized SpaceX IPO access ahead of the company's expected Nasdaq debut on June 12. The product uses an indicative price of 135 USDC plus a 5% underwriting fee, with a 100 USDC minimum and a maximum of 50 subscription orders per user. Subscriptions opened at 8:00 UTC Sunday for VIP and Pro users, with allocation scheduled for June 11 at 8:00 UTC and token distribution on June 12 at 12:30 UTC.

Bybit is the second crypto exchange this week to offer tokenized SpaceX IPO access through the xStocks Alliance, following Kraken's June 5 launch. As of Sunday morning, approximately 550 users had pre-registered for Bybit's product with total subscription amounts of roughly $9.1 million in USDC.