Bybit has just dropped a brand‑new perpetual trading product tied to SpaceX-because when you’re launching rockets, the obvious move is to sell more leveraged bets.
now he’s also a record-holder in Bitcoin.
Beyond the blockchains, SpaceX’s Starlink unit now boasts more than 8 million active users and pulled in about $7.7 billion of revenue in 2024. To top it off, Musk acquired xAI, turning the company into a grand mash‑up of launch, connectivity, and artificial intelligence.
How does Bybit’s SpaceX contract work?
Bybit describes the SPCXUSDT contract as a perpetual that references an estimated 11.87 billion shares. Unlike ordinary equity, this product stays open 24/7-yes, even on holidays and weekends-so you can keep the gains (or losses) rolling indefinitely.
The exchange advertises that traders have access to advanced charting tools, integrated custody systems, and insurance protection. For most of us, it’s like buying a ticket to a rocket launch that’s actually a rollercoaster for your portfolio.
Meanwhile, SpaceX’s filing gives a grander view of its prospective market: $28.5 trillion across space transport, internet connectivity, and AI-dubbing it “the largest actionable market in human history.” Whether that’s hyperbole or the future of lost socks, we’re watching.
Although the filing confirms SpaceX’s Bitcoin holdings, it stays silent on whether they’ll keep mining the crypto stash post‑IPO. As investors, we just know the plot twist is about to be worthy of a script by Phoebe Waller‑Bridge herself.
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2026-05-21 18:57