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SpaceX has long been one of the most closely watched private companies in the world, yet retail investors have had few ways to access it through public markets. Bybit IPO Express changes that for eligible users by offering a tokenized IPO subscription experience through xStock tokens — without needing a traditional brokerage account. Before diving in, there's one thing to keep in mind: final pricing, allocation and listing outcomes are not guaranteed. This guide explains how the product works, what you are subscribing to and what you need to know before you participate.
Founded in 2002 by Elon Musk, SpaceX has become one of the world’s most closely watched private aerospace companies. It’s best known for Falcon 9, the first orbital-class rocket capable of reflight, and Starship, its next-generation launch vehicle designed for larger-scale space missions. Beyond launch services, SpaceX also operates Starlink, a satellite internet network serving customers across more than 100 countries and regions.
Its business spans commercial satellite launches, crewed missions to the International Space Station, US government contracts and consumer internet services through Starlink. Public-market access to SpaceX has long been anticipated by investors interested in commercial space and satellite internet. Through Bybit IPO Express, eligible users can submit a subscription request for SpaceX-related IPO exposure, subject to final pricing, allocation and product terms.
Parameter | Details |
|---|---|
Indicative price range | 80–120 USDC per token |
Minimum subscription amount | 100 USDC |
Subscription asset | USDC |
Instrument received (if allocated) | SpaceX xStock tokens |
Additional IPO Express fees | None charged by Bybit |
EEA users | Excluded |
The indicative price range is only a preliminary guide. The final IPO price will be confirmed after the subscription window closes, based on aggregated demand and final product terms. Users should not treat the indicative range as a guaranteed entry price.
Regional restrictions also apply. Users in the European Economic Area (EEA) are not eligible to participate, and availability may vary depending on product-specific rules and Bybit’s Terms of Service. Be sure to confirm your eligibility before registering.
Before starting, confirm you meet all participation requirements:
VIP or PRO status on Bybit, KYC Level 1 completion, regional eligibility (EEA users are excluded) and sufficient USDC in the required account.
Phase | Timeline |
|---|---|
Registration | Jun 7 08:00 UTC – June 11 08:00 UTC, 2026 |
Subscription | Jun 7 08:00 UTC – June 11 08:00 UTC, 2026 |
Allocation | Jun 11 08:00 UTC - , June 12 12:30 UTC, 2026 |
Spot listing | Jun 12, 2026 |
Go to the Bybit IPO Express page, review the SpaceX IPO Express details and register if you are eligible. Registration opens Jun 7 08:00 UTC to June 11 08:00 UTC, 2026.
During the subscription phase, enter your desired subscription amount. The minimum is 100 USDC. You can subscribe up to the maximum amount permitted under the product rules. The subscription window runs from Jun 7 08:00 UTC to June 11 08:00 UTC, 2026.
After you submit your subscription, your USDC is frozen until allocation results are confirmed. You will not be able to use these funds for other purposes during this period. Plan your liquidity accordingly before committing your subscription amount.
After the subscription window closes on Jun 11 at 08:00 UTC, demand is aggregated and allocation is calculated. If the IPO is oversubscribed, you may receive fewer tokens than you requested. The allocation period runs from Jun 11, 08:00 UTC to Jun 12, 12:30 UTC.
If allocated, you are expected to receive SpaceX xStock tokens on Jun 12, 2026, the spot listing date, subject to final product terms. Unallocated funds are returned to your account.
xStocks are tokenized stock products issued by Backed and listed on Bybit Spot. They are designed to provide tokenized equity exposure to the underlying company, with backing, rights and redemption terms governed by Backed’s product documentation and the final product terms.
For SpaceX IPO Express, allocated exposure is expected to be delivered as SpaceX xStock tokens. These tokens are not the same as directly holding traditional SpaceX shares, so users should review the product terms carefully before subscribing.
Once tokens are distributed, users may be able to hold their SpaceX xStock tokens or trade them on Bybit Spot, subject to product availability, liquidity and final listing terms. Trading availability is not guaranteed at the time of distribution and depends on when the SpaceX xStock pair is officially listed.
Token prices may fluctuate significantly after distribution, including shortly after listing. Secondary market prices are driven by supply and demand, and may differ from the IPO subscription price.
SpaceX IPO Express involves several risks that users should understand before committing funds:
SpaceX IPO Express gives eligible Bybit users a simple way to submit subscription requests for SpaceX-related IPO exposure through xStock tokens. The product follows a clear timeline, from registration on Jun 7 to Spot listing on Jun 12, but the final price, allocation and listing outcome are confirmed only after the subscription period closes.
This means participation is not guaranteed. You may receive a partial allocation or no allocation at all, and token prices may move significantly after listing. Before subscribing, make sure you understand what you’re getting exposure to, how much risk you’re comfortable taking and what the final product terms say.
Ready to check your eligibility? Visit the Bybit IPO Express page to review the subscription details, eligibility requirements and final product terms.