Cryptocurrency exchange Bybit announced the launch of a tokenized initial public offering (IPO) for SpaceX, allowing eligible investors to participate using USDC (a stablecoin). The subscription process will remain open until early Thursday, with trading expected to commence on Friday. Bybit's IPO Express platform will facilitate this process, but it has cautioned that the final allocation of shares will depend on demand and the rules set by underwriters, meaning no guaranteed minimum allocation exists. Notably, the tokenized shares do not grant ownership rights, voting privileges, or dividends to holders. This development arises as SpaceX seeks to raise $75 billion through its IPO, which has been outlined in an amended S-1 filing with the SEC. The company has identified a potential market opportunity of $28.5 trillion, largely driven by its ambitions in artificial intelligence. Bybit's initiative aligns with a broader trend of integrating cryptocurrency with traditional stock offerings, as seen with other platforms like Robinhood Markets Inc.