Bitget, the world's largest universal exchange (UEX), has launched IPO Prime, a new market structure that allows users to access and trade pre-IPO exposure to global unicorns like SpaceX. The first offering is preSPAX, a digital asset designed to reflect SpaceX's economic performance after a potential public listing.
Bridging Private and Public Markets
Traditionally, pre-IPO investment opportunities were restricted to institutional investors and private capital networks. Bitget's IPO Prime, powered by Republic, leverages tokenization to democratize access. Eligible users can apply for allocations through a subscription model, with limits determined by their VIP tier. After the subscription phase, the digital assets transition to Bitget's over-the-counter market, enabling continuous pricing, trading, and circulation.
Gracy Chen, CEO of Bitget, said: “Since the beginning of financial markets, access to pre-IPO opportunities has been defined by exclusivity. IPO Prime allows users to participate in a company's growth cycle at an earlier stage while providing the flexibility of continuous trading. This is part of our larger pivot toward building a UEX that democratizes access to financial equality.”
preSPAX: Tying to SpaceX's Growth
As one of the most-watched private companies globally, SpaceX represents the kind of high-growth opportunity historically inaccessible to retail investors. preSPAX is a tokenized asset that mirrors SpaceX's potential value increase upon a qualifying event (e.g., IPO). Notably, SpaceX has not endorsed, approved, or authorized this product in any capacity.
To celebrate the launch, Bitget will conduct two rounds of preSPAX token airdrops for eligible VIP users on April 13, 2026 at 10:00 UTC. The official token launch begins on April 21, 2026 at 12:00 UTC, with a commitment period from April 18 at 18:00 to April 21 at 18:00 UTC, and a distribution period from April 21 at 18:00 to 22:00 UTC.
Risk and Compliance
Bitget emphasizes that the product constitutes only an economic participation in the potential value growth of SpaceX upon a qualifying event and does not constitute a direct investment in SpaceX. Trading digital assets carries significant risk and price volatility; investors may lose all invested capital. Users must ensure compliance with local laws and seek independent professional advice.
About Bitget
Bitget claims to serve over 125 million users and offers access to more than 2 million crypto tokens, over 100 tokenized stocks, ETFs, commodities, currencies, and precious metals like gold. Its ecosystem incorporates an AI agent to assist trading execution. Bitget partners with LALIGA and MotoGP™, and collaborates with UNICEF to support blockchain education for 1.1 million people by 2027. The exchange bills itself as the leader in tokenized traditional finance (TradFi) with the lowest fees and highest liquidity across 150 regions.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or an offer to buy or sell any assets. The product may not be suitable for your jurisdiction. It reflects only an economic participation in potential value growth of SpaceX upon a qualifying event and does not represent a direct investment in SpaceX. SpaceX has not endorsed, approved, or authorized this product. Trading digital assets involves significant risk and price volatility; investors may lose all invested capital. Please ensure compliance with local regulations and seek independent professional advice before investing.