Bybit to Offer Tokenized Shares for SpaceX IPO via xStocks
- Bybit will allow users to subscribe to tokenized shares of SpaceX, starting June 12.
- The offering is part of the xStocks framework, which aggregates demand and secures IPO allocations.
- xStocks holds approximately $415 million in tokenized equities, capturing a market share of about 28%.
- SpaceX aims for a valuation of at least $1.8 trillion with a target raise of around $75 billion.
- The company also disclosed holdings of over 18,712 Bitcoin, ranking it among the top corporate holders.
Eligible users can register interest for these tokenized shares through Bybit, with allocations distributed on a pro-rata basis if demand exceeds supply. This initiative highlights the growing trend of integrating traditional finance mechanisms within cryptocurrency platforms.
With SpaceX’s IPO targeting a record-breaking valuation and substantial capital raise, this marks a significant development in both the crypto and traditional financial markets. (Source)
