Crypto Exchanges Let You Buy SpaceX Stock Before It Goes Public

Two major cryptocurrency exchanges are giving regular people a chance to buy SpaceX stock before it officially starts trading on the stock market.

What's happening: • Bybit and Kraken (crypto exchanges where people trade digital currencies) are offering "tokenized" SpaceX shares • SpaceX is expected to start trading publicly on June 12 • The company plans to merge with Elon Musk's AI company and already owns X (formerly Twitter) • Initial price is set at $135 per share

How it works: Tokenized shares are like digital certificates that represent real company stock. When you buy one, you get the financial benefits of owning the stock (if the price goes up, you make money), but you can't vote in company decisions like regular shareholders.

To participate through Bybit: • Minimum investment: $100 • Maximum: 50 orders per person • Extra 5% fee on top of share price • Must be a verified user (not available in Europe)

Why this matters: Usually, only wealthy investors and big institutions can buy shares before a company goes public (called an IPO - Initial Public Offering). These crypto exchanges are using blockchain technology to let regular people get in early too.

Important to know: This is different from buying actual SpaceX stock. You're buying a digital token that tracks the stock's value. If SpaceX's final IPO price is very different from $135, buyers might need to confirm their purchase again.

SpaceX is aiming for a $1.75 trillion valuation, which would make it one of the most valuable companies in the world.

This is an AI-generated summary. Read the original article at: https://www.theblock.co/post/403893/bybit-follows-kraken-in-offering-tokenized-spacex-ipo-access-via-xstocks?utm_source=rss&utm_medium=rss