Is the SpaceX IPO hype spreading to the crypto world? Following Kraken, another crypto exchange, Bybit, has announced the launch of a SpaceX IPO service for U.S. stocks. According to the details, this service is powered by Robinhood, the broker designated by SpaceX, providing IPO resources and subscription channels. The on-chain token issuer, xStocks, is responsible for tokenizing the corresponding stocks. Here’s how it works: users first deposit the stablecoin USDC, participate in a lottery-style IPO subscription on the platform, and successful participants will receive SpaceX on-chain stock tokens. These tokens are pegged to the stock price. The current reference price for the IPO is $135, and it’s only available to verified VIP and PRO users.