Stock market enthusiasts, the moment to witness history has arrived.
Just in the past few days, the global traditional finance (TradFi) and crypto circles (Crypto) have both been ignited by a giant project——Elon Musk's SpaceX has confirmed that it will officially list on NASDAQ on June 12, with the stock code SPCX!
This IPO is priced at $135 per share and aims to raise about $75 billion. This is not only the largest IPO in U.S. stock market history, but SpaceX's valuation will soar directly to $1.77 trillion after listing.
What does this mean? It means that upon listing, it directly enters the trillion-dollar club, standing shoulder to shoulder with tech giants like Apple, Microsoft, and Nvidia!
Currently, the entire Wall Street and on-chain community has plunged into a frenzy of hysteria.
1. Wall Street's ultimate FOMO: Afraid of missing out more than afraid of failure
Top investment banks lending support: Led by Goldman Sachs in underwriting, supported by Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.
Subscription demand soaring: Even before the official bell rings, the current market subscription amount has skyrocketed to $150 billion, which is two times the fundraising goal! Major investment banks are holding frantic private roadshows to grab high-net-worth clients, and Bank of America even lit up its headquarters in the shape of a rocket launch.
Analysts fervently raising estimates: Wall Street pundits like Jim Cramer are even optimistically predicting that on its first day of trading, the valuation could hit $5 trillion!
But behind the fervor, calm analysts are sensing the smell of a "capital meat grinder": The average sales valuation multiples for traditional IPOs have never been this exaggerated; SpaceX's valuation multiple is as high as 70-90 times sales, far exceeding historical averages.
Moreover, this time, 30% of the retail allocation is given to retail investors (ordinary brokers like Fidelity and Robinhood can participate in IPOs), which, in the eyes of macro analysts, is actually a dangerous signal——too much stock held by retail investors can easily trigger a high-position sell-off and massive selling pressure after the listing.
There are even concerns that this $75 billion fundraising black hole could directly drain liquidity from the secondary market, leading to short-term market turbulence.
2. Insights from crypto leaders: U.S. stock IPOs may be the biggest opportunity for ordinary people in the future
In the past, such top-tier Wall Street primary market IPOs did not even allow retail investors a glance; they were all just a game for Wall Street Old Money. But this time, the intuition and speed of Web3 have again broken the class barrier.
Many sharp KOLs have already taken to social media, shouting: "In the past, everyone discussed on-chain trading of U.S. stocks, now we've rolled into 'on-chain IPOs'! This SpaceX IPO is likely a win, we must dive in without hesitation!"
Indeed, high-tech companies in the U.S. stock market and the narratives around AI/space exploration could be one of the biggest dividends for ordinary people to cross classes in the coming years. As more and more traditional financial processes move on-chain, transitioning from secondary market trading to primary market subscriptions, crypto platforms are completely reshaping the definition of the "New Financial Platform."
3. Bybit launches IPO Express: Breaking barriers, standing shoulder to shoulder with Wall Street giants
Bybit, which understands traffic and users best, is moving at an astonishing speed. On June 7, 2026, Bybit officially launched the IPO Express platform, becoming one of the world's first centralized exchanges to offer tokenized IPO subscriptions! The project breaking the ice is none other than SpaceX ($SPCX).
This time, Bybit is collaborating deeply with xStocks, a subsidiary of Payward Services. This means that the underlying asset you are subscribing for is not some counterfeit OTC betting agreement, but rather a 1:1 real anchoring of SpaceX stock, strictly custody-managed by a regulated compliant institution.
As Emily Bao, Bybit’s head of spot trading, said:
“For decades, the most exciting moments in the capital markets have only been reserved for institutional and well-connected investors. Through our collaboration with xStocks, Bybit's global users can now participate in U.S. IPOs under the same conditions and issue prices as institutional investors, standing on equal footing with them.”
💡 Bybit's SpaceX subscription guide:
Subscription timeline (time is extremely tight):
One-click participation🚗:
https://jump.do/zh-Hans/xlink-proxy?id=15
Registration and subscription period: June 7 – June 11. Brothers, the channel is now open! You need to submit your subscription intention using USDC within this window.
Allocation period: June 11 – June 12. The system will distribute proportionally based on global total subscription demand, and most considerately, any excess USDC that didn't win allocation will be automatically returned to your account, ensuring no funds are locked up.
Spot trading begins: From June 12, Tokenized SPCX will officially open for trading on Bybit Spot! Support for extended trading hours and on-chain settlements.
Participation threshold:
Only VIP or PRO users who have completed KYC 1 can participate.
The minimum subscription threshold is only 100 USDC! There’s no need to open a cumbersome traditional U.S. brokerage account, nor endure the hassle of cross-border wire transfers.
4. Join in 3 minutes, seize the trillion-dollar opportunity
Elon Musk's rocket is on the launch pad, and Wall Street's funds are on a countdown. Rather than watching investment banks raise prices in the secondary market to take over, why not directly use USDC at the issue price to obtain your shares in the primary market?
If you haven't registered with Bybit yet, or haven't upgraded to VIP/PRO, now is the time to grab both the new user benefits and the IPO qualification before the subscription deadline of June 11:
Standard welcome gift package: By registering with an invitation code and completing KYC, finishing the corresponding deposit and trading tasks, you can unlock up to $30,100+ USDT trial funds, directly aiding your VIP upgrade path.
P2P deposit subsidy: First deposit starts from 10 USDC; you can draw vouchers worth up to 99 USDT and enjoy a maximum 99% discount on your first order, quickly exchanging USDC to prepare for the IPO.
One-click to open the SpaceX IPO channel:
1. Click the exclusive link to register:
https://jump.do/zh-Hans/xlink-proxy?id=15
2. Be sure to fill in the Chinese exclusive invitation code during registration: 34429
3. After depositing USDC, enter the Bybit IPO Express page and submit your subscription intention for SpaceX ($SPCX) with one click!
This is a milestone in the history of RWA (Real World Asset) tokenization. In the past, we could only sit in the audience watching Musk launch rockets; this time, tune your USDC, and let’s go to NASDAQ and share in this $1.77 trillion super cake with Wall Street giants!
Join our community to discuss and strengthen together!
Official Telegram community:
AiCoin's Chinese Twitter:
Bybit benefit group:
https://aicoin.com/link/chat?cid=7JmRjnl3w
⚠️ Disclaimer: The above content is for reference only and does not constitute any investment advice. Tokenized stocks and U.S. IPOs carry market volatility, overvaluation, and liquidity risks; please participate rationally based on your own risk tolerance. Activities and product regulations are subject to Bybit's official announcements.
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