Bitget has launched its IPO Prime platform, featuring preSPAX, a token linked to SpaceX's anticipated initial public offering (IPO), according to Decrypt. The token, issued through Republic, provides investors with exposure to SpaceX’s market performance prior to its expected 2026 listing, which is estimated to value the company between $1.5 trillion and $2 trillion.
Unlike traditional shares, preSPAX does not grant ownership or voting rights but aims to replicate the post-IPO economic performance of SpaceX, as reported by Cointelegraph and BeInCrypto. This synthetic exposure targets retail investors, expanding access to what historically has been a market segment limited to institutional players.
Bitget's introduction of preSPAX follows similar initiatives by other platforms, including Binance's Web3 Wallet, which recently began offering pre-IPO token trading for assets linked to private companies like SpaceX and OpenAI. BeInCrypto highlights that this push aligns with an anticipated IPO supercycle potentially worth $3.6 trillion, driven in part by SpaceX’s confidential SEC filing.
The launch of this product demonstrates the growing intersection of cryptocurrency platforms with major corporate IPOs, allowing tokenized exposure to high-profile companies. Market watchers will be closely following SpaceX’s regulatory developments and official IPO timeline, as the performance and adoption of preSPAX could influence broader trends in pre-IPO investment via digital assets.
Republic
Bitget
SpaceX
Sonja Chen
SEC
Elon Musk
