SpaceX IPO hasn’t even rung the bell yet, and the global frenzy for new shares has already spread to Xianyu and crypto exchanges! On one side, there’s over $250 billion in subscription demand fighting for a $75 billion issuance. On the other, Xianyu is already flooded with 'SpaceX IPO tutorials,' 'account opening guidance,' and crypto platform subscription strategies. Platforms like Kraken, Bybit, and Gate have also launched related subscription channels, allowing retail investors to participate in this mega IPO through tokenized equity. SpaceX is turning into a global liquidity battle. For everyday investors, it’s a chance to hop on the train, but for the market, it feels like risk assets are being drained.