Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the listing of the SPCXUSDT Perpetual Contract, offering leveraged exposure to SpaceX (SPCX) before its highly anticipated initial public offering on June 12, 2026. The contract is now live on the platform with up to 10x leverage, providing early access to one of the most transformative technology companies in modern times.
This launch coincides with SpaceX's historic IPO on the horizon. According to official filings, SpaceX is targeting a valuation of over $1.75 trillion to $2 trillion, and plans to raise approximately $75 billion in what would become the largest initial public offering in capital market history, surpassing Saudi Aramco's previous record of $29.4 billion set in 2019.
SpaceX has fundamentally transformed the aerospace industry, reducing launch costs by orders of magnitude through its reusable rocket technology. Starlink, SpaceX's satellite internet service, has grown to over 8 million active subscribers worldwide and generated approximately $7.7 billion in 2024 revenue. The company recently acquired xAI, Elon Musk's AI venture, creating a vertically integrated enterprise spanning space exploration and satellite technology with AI. The valuation reflects SpaceX's position as a defining force in both aerospace and AI-driven connectivity.
The underlying asset of Bybit’s SPCXUSDT perpetual contract is SPCX settled in USDT. Offering 24/7 access, the contract allows up to 10x leverage. The total estimated share count is 11.87 billion shares.
The SPCXUSDT listing reinforces Bybit's commitment to supporting traders with early access to transformative investment opportunities. By bringing pre-IPO exposure to SpaceX, Bybit enables its global community to participate in high-growth markets and remain at the cutting edge of technological innovation.
Bybit's perpetual contract offers traders multiple advantages over traditional equity markets:
24/7 Trading: Around-the-clock access, unrestricted by traditional market hours
High Leverage: Up to 10x leverage, enabling capital-efficient trading strategies
Zero Expiration: Perpetual contracts provide unlimited holding periods without rollover
Advanced Tools: Professional-grade charting, analytics, and risk management features
Institutional-Grade Security: Professional custody and insurance protections
Terms and conditions apply. Trading carries risk. Bybit's products and services may not be available in all jurisdictions. For more information on contract details, eligibility and potential restrictions, users may visit: New listing: SPCXUSDT Pre-IPO Perpetual Contract, with up to 10x leverage
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