SpaceX Shares Now Trade on Bybit in Crypto‑Style

Bybit, a crypto exchange, has opened a way for people to buy tokenised shares of SpaceX.

The new service is called Bybit IPO Express and lets users place orders for a digital token that represents an IPO stake.

After the allocation is finished, the tokens will start trading on Bybit’s platform next Friday.
The price of each token is not fixed at the start.

During the subscription phase, investors see an estimated price range, but the final selling price can change just before listing.

Bybit says it will decide how many tokens each buyer gets based on the underwriter’s rules and overall demand.
No guarantee is made about a minimum amount of tokens for any participant.

Owning these tokenised shares does not give you real ownership in SpaceX.
Holders cannot vote, receive dividends, or claim any rights that normal shareholders have.
They are simply digital representations of a potential investment.

SpaceX is looking to raise about $75 billion through its IPO.
The company recently filed an updated S‑1 with the SEC, adding a 366‑day lock‑in period for Musk’s Class B shares.
Earlier filings highlighted a $28.5 trillion market opportunity, largely tied to the company’s AI projects.

Key Considerations for Investors

• Price uncertainty – The final selling price may shift just before listing.
• No shareholder rights – Tokens do not grant voting power, dividends, or other typical shareholder privileges.
• Not a direct stake – Token holders do not own actual shares in SpaceX.

Investors should weigh these points carefully before jumping into the crypto‑tokenised IPO.