SpaceX IPO at $135 Per Share: Bybit Opens Crypto Access, June 07

SpaceX is going public at a fixed IPO price of $135 per share, making it the largest stock market launch in history. The company’s post-merger valuation with xAI stands at $1.75 trillion. Bybit, the world’s second-largest crypto exchange by trading volume, launched IPO Express on June 7 to let retail investors buy tokenized SpaceX shares at the offering price. This move breaks down barriers that have historically locked retail investors out of primary market opportunities.

Fixed Price Removes Traditional IPO Process

SpaceX skipped the standard book-building process that investment banks typically use to set IPO prices. Instead, the company set a fixed price of $135 per share, removing the possibility of last-minute price increases. A $1,000 investment at this price would buy roughly seven shares. However, most retail investors will not access this offering price directly from underwriters.

Bybit Opens Tokenized IPO Access to Retail Investors

Bybit launched IPO Express on June 7, powered by Payward Services’ xStocks technology. The platform lets eligible retail investors worldwide subscribe to tokenized representations of SpaceX shares at the offering price. This is the first time Bybit customers can participate in primary market IPOs. The move marks a shift in how crypto exchanges compete, expanding beyond digital assets into traditional financial services.

Breaking Down Historical Barriers to IPO Access

Retail investors have traditionally faced limits on IPO participation due to geography, brokerage relationships, and allocation requirements. Most retail investors gain access only after public listing, when institutional allocations and price discovery are complete. Bybit’s tokenized solution enables IPO access at scale for millions of investors globally. The platform uses xStocks’ regulated blockchain framework to offer extended trading hours and crypto-native settlement for tokenized equities.

What This Means for Investors

Retail investors can now access SpaceX shares at the $135 offering price through Bybit, bypassing traditional brokerage gatekeeping. However, actual trading prices after listing may differ significantly from the fixed offering price. Experts have flagged risks including price volatility and the concentration of SpaceX’s valuation in a single company position.

Final Thoughts

SpaceX’s $135 fixed IPO price and Bybit’s tokenized access democratize primary market entry for retail investors globally. However, post-listing prices may diverge sharply from the offering price, and concentration risk remains a concern for individual investors.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.