Bybit, Binance, Bitget cancel tokenized SpaceX IPO allocations after share shortage

Kwon Crash

Published Jun 12, 2026, 5:55 PM UTC

Source: CryptoSource
- Bybit, Binance, and Bitget just canceled tokenized SpaceX IPO allocations because, shocker, you can’t mint shares from thin air. The exchanges are issuing full refunds plus compensation, which is the financial equivalent of a PoD seal on a lie. It’s a classic meat wallet trap: retail traders chasing moonboy dreams of owning Elon’s rockets while the infrastructure crumbles under bureaucratic weight. This isn’t innovation; it’s unsealed cargo spilling into the void. Where's my cut? The lesson? If an exchange promises equity in a private company via blockchain, it’s not a feature—it’s a bug with a marketing budget. Keep your hash manifests tight and your expectations lower than the gas fees.