M34 highway in Baxt
Baxt was founded in 1899 as a settlement serving the passing loop #121 on the Middle Asia Railway which connected Samarkand and Tashkent. In 1916, the passing loop was upgraded to a railway station. The station was named Velikoalexeyevskaya after the Russian prince Alexey, the apparent heir to the throne. In 1963, the settlement and the station were renamed Baxt بخت (which means "Happiness" in Persian). In 1980, Baxt was granted town status.
As of the 1970s, in Baxt there were a construction materials plant and a cotton purification factory.