Bitget Launches IPO Prime with Tokenized Access to SpaceX

Bitget, a prominent cryptocurrency exchange, has rolled out a new trading platform named IPO Prime, allowing users to trade tokenized assets prior to their official public offerings. The first token available through this initiative is preSPAX, which is linked to shares of SpaceX.

This launch is a result of Bitget's collaboration with Republic, an investment platform that focuses on the tokenization of private company assets.

IPO Prime works on a subscription basis, where users can apply for token allocations. The amount of tokens available to users depends on their account status, with premium members receiving larger allocations. After the subscription phase concludes, tokens will be traded in Bitget's over-the-counter market.

preSPAX will mirror the economic performance of SpaceX as it approaches its anticipated IPO. The company, founded by Elon Musk, filed a confidential application to go public in early April 2026, with analysts projecting its valuation could exceed $2 trillion.

There are 94,000 preSPAX tokens available at a price of $650 each, totaling approximately $61.1 million. It's important to note that while each preSPAX token will correspond to SpaceX shares at a 1:1 ratio post-IPO, it does not grant direct ownership of these shares, and the product has not been officially authorized by SpaceX.

“Since the inception of financial markets, access to pre-IPO opportunities has been limited. IPO Prime allows users to participate in the growth of companies at an earlier stage with the possibility of continuous trading,” said Bitget CEO Gracy Chen.

This launch is part of Bitget's broader strategy to create a universal exchange that merges cryptocurrency, tokenized securities, and traditional financial instruments.

Key Dates

• April 13 — Launch of preSPAX airdrop for VIP users.
• April 18 — Subscription period begins.
• April 21 — Subscription closes, trading commences, and tokens will be distributed.