Bybit, the world’s second largest cryptocurrency exchange by trading volume, has listed the SPCXUSDT Perpetual Contract, giving traders the opportunity to display Images of SpaceX ahead of their expected first public offering (IPO) on June 12, 2026. The deal is happening on a platform with up to 10x leverage.
The series comes as SpaceX prepares for what could be a defining moment in the market’s history. According to the filing, the company is looking at a valuation of $1.75 trillion to $2 trillion and plans to raise about $75 billion, putting it first. Saudi Aramco (TADAWUL: 2222) IPO $29.4 billion in 2019 as the largest in history.
Rapid expansion of SpaceX
SpaceX has revolutionized the space industry, reducing launch costs and mass orders through reusable rocket technology.
Its Starlink satellite internet service has grown to more than 8 million subscribers worldwide, generating revenues of approximately $7.7 billion in 2024.
The company has also acquired xAI, Elon Musk’s AI venture, and is creating an integrated business for spatial analysis, satellite technology, and AI.
Included in Bybit’s regular SPCXUSDT contract is the regular SPCX. USDTand the estimated number of shares is 11.87 billion shares. The contract offers 24/7 access, up to 10x capacity, and no expiration date, providing unlimited periods without rollover.
Bybit’s regular contract offers traders a number of operational advantages over regular markets, including round-the-clock access with no restrictions on market hours, extensive liquidity, and charting tools and risk management tools. Security protection and insurance are also included.
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