Bybit It has positioned a new product ahead of its IPO just as the market is beginning to focus more intensely on SpaceX’s long-awaited public debut. The cryptocurrency exchange said it had listed SPCXUSDT perpetual contractGiving traders a way to gain leverage for SpaceX ahead of the company’s expected IPO on June 12, 2026.
The contract already exists and offers leverage of up to 10x, making it one of the most aggressive ways for traders to position themselves on what could become one of the largest lists in market history. In simple terms, it allows users to speculate on the price movement of SPCX in USDT without waiting for the company to officially access the stock. market.
This timing is important. SpaceX isn’t just another private company approaching an IPO. It has spent years building its reputation as one of the world’s most important technology companies, and the numbers being discussed now around its public debut are enormous. According to official filings, the company is targeting a valuation between $1.75 trillion and $2 trillion, while also aiming to raise around $75 billion. If that happens, it will break all current IPO records by a wide margin. For comparison, Saudi Aramco still holds the current record, having raised $29.4 billion in 2019.
Beyond the hype
SpaceX’s appeal goes beyond the hype around the listing itself. The company has played a central role in reshaping the aviation industry by dramatically reducing launch costs through reusable rocket technology. This alone changed the conversation about space travel, commercial launch services, and long-term access to orbit. It is no longer seen as just a bold space company. It is now seen as a company that helped rewrite the economics of the industry.
Then there’s Starlink, which has become one of the biggest reasons why investors continue to watch SpaceX closely. The satellite internet business now has more than 8 million active subscribers worldwide and generated an estimated $7.7 billion in revenue in 2024. This kind of growth has turned Starlink into a major commercial driver within the broader SpaceX story, not just a side project.
The company’s recent acquisition of xAI, Elon Musk’s artificial intelligence project, has heightened the sense that SpaceX is becoming more than just a launch provider. It now lies at the intersection of space exploration, satellite communication, and artificial intelligence, giving it a much broader strategic profile than most companies have ever achieved. This combination is a big part of the reason why its rating has attracted so much attention.
For Bybit, SPCXUSDT contract It’s another sign that it wants to give traders access to key market narratives before they fully access traditional finance. The exchange said the product is built on several features not available in standard stock markets. It trades 24/7, has no expiration date, and comes with professional tools for charting, analysis, and risk control.
The contract also gives traders the flexibility to hold their positions for as long as they want, without having to roll over expiring futures contracts. Bybit It also framed the listing as part of its larger campaign to connect traders with early access to transformative opportunities. This message fits into the broader direction the exchange has taken as it continues to position itself as a bridge between the cryptocurrency markets and traditional finance.
The company said that the total number of shares estimated for the underlying assets is 11.87 billion shares. She also noted that the product is intended for users who understand the risks involved in leveraged trading. This is an important point, because products like this can move quickly and sharply, especially when they are linked to something as closely monitored as SpaceX.
However, the launch reflects the amount of interest surrounding the company. SpaceX is one of those rare companies that attracts attention beyond the usual technology or space circles. Its name alone carries enough weight to stir market conversation, and the potential for a historic IPO has made that interest even stronger.
Bybit’s move suggests there is already demand for exposure before the opening bell rings. Whether traders view SPCXUSDT as a speculative opportunity or simply a way to participate in one of the most talked-about listings in years, the message is clear: SpaceX’s path to the public markets is already a market event in itself.
