Bybit enables retail access to tokenized SpaceX IPO via Payward infrastructure
Registration for the tokenized offering opens on June 7, 2026, as investor demand for the aerospace firm reaches $150 billion, double its fundraising target.
Cryptocurrency exchange Bybit has announced it will allow retail investors to subscribe to tokenized initial public offerings at the offering price, commencing with a listing for SpaceX. The move utilises Payward’s xStocks platform, enabling users to purchase shares at IPO pricing without the need to open or maintain traditional brokerage accounts. This development positions Bybit within a growing segment of digital asset providers facilitating direct access to primary market equity.
Registration and subscription for the SpaceX tokenized offering will run from June 7 to June 11, 2026. Allocations are expected to be finalised between June 11 and June 12, with tokenized shares anticipated to begin trading on Bybit’s spot market from June 12. By providing access at the offering price, the platform allows users to bypass secondary market competition that typically drives up costs for retail participants entering listed equities.
SpaceX, which began its roadshow last week, has attracted approximately $150 billion in investor demand for its initial public offering. This figure is double the $75 billion the company is seeking to raise, indicating significant institutional and retail appetite for the aerospace firm’s debut. The strong demand underscores the broader market interest in high-profile private companies transitioning to public markets.
The announcement follows similar activity by competitor Kraken, which earlier this month opened SpaceX IPO access to clients in more than 110 countries via the same xStocks platform. Bybit’s entry into this space highlights the increasing convergence between cryptocurrency exchanges and traditional capital markets infrastructure, as digital asset firms seek to offer regulated equity exposure to their user bases.
Wall Street analysts are projecting 2026 as a potential breakout year for the U.S. IPO market, driven by a strong pipeline of high-profile private companies and pent-up demand for new listings. The SpaceX offering serves as a key indicator of this trend, with other notable listings such as ERock targeting a $5 billion valuation on June 10. The activity reflects a broader recovery in primary market fundraising amid robust corporate earnings and institutional buying across major indices.
