Bybit is making SpaceX the first offering on IPO Express, letting eligible VIP and Pro users subscribe with USDC from Jun 7 08:00 UTC to Jun 11 08:00 UTC before allocation runs into Jun 12. Allocated SpaceX tokens are set to trade on Bybit Spot on Jun 12, with unused funds refunded after allocation. The caveat is material: Bybit says xStocks holders do not get shareholder rights, voting rights, or dividends, so this is tokenized IPO exposure through the exchange, not ordinary equity ownership.

TLDR by @Benthic

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