Bybit Launches SpaceX IPO Express for VIP Users, Raises $9.1M in First Day

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Bybit launched a tokenized SpaceX IPO access product called IPO Express on Sunday for VIP and Pro users, with roughly $9.1 million in USDC already committed by 550 pre-registered users by Sunday morning Eastern Time. The product uses an indicative price of 135 USDC plus a 5% underwriting fee, with a minimum subscription of 100 USDC per order and a cap of 50 orders per user. Subscriptions opened at 8:00 UTC on Sunday, allocation is scheduled for June 11 at 8:00 UTC, and token distribution is set for June 12 at 12:30 UTC, ahead of SpaceX's expected Nasdaq debut on June 12.
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