My friend made quite a bit of money in the market. A while ago, he suddenly asked me, 'If SpaceX goes public, do you think regular people will still have a chance to get in on it?' At first, I thought he was researching the aerospace industry. But after chatting for a while, I realized he was already planning to buy something called a SpaceX Pre-IPO share. I asked him, 'Do you even know if what you're buying is actually SpaceX?' He went silent. Honestly, this is a problem many investors face nowadays. As soon as a hot topic emerges, all kinds of channels and packaged products pop up. But what really matters has never been who sells it first—it’s whether the asset you’re buying is real. Recently, the buzz around a SpaceX IPO has been heating up, but I think people should focus more on the underlying assets and compliance issues. Every time a mega-company prepares to go public, the market gets flooded with so-called Pre-IPO shares. But in reality, many people aren’t buying actual SpaceX equity—they’re buying products that have been repackaged multiple times. In my opinion, instead of rushing to 'get in early,' it’s more important to first figure out exactly what you’re buying. This is why I’ve started paying attention to tokenized stocks. For example, @Bybit_Official’s xStocks takes a 1:1 approach, corresponding to real stocks and issued under regulatory compliance, which makes the logic much clearer. In the future, on-chain assets might not just be cryptocurrencies—they could include more and more real-world assets. The hype will fade, but it’s the infrastructure that determines where the industry is ultimately headed. Sign up: https://partner.((bybit.com))/b/156648 SpaceX IPO Express page: https://((bybit.com))/en/trade/spot/ipo/?affiliate_id=156648 #SpaceX #IPO #Bybit #xStocks