Puntos clave de la noticia:
- Bitget launched IPO Prime, a subscription-based platform offering tokenized exposure to global unicorns before IPOs, starting with SpaceX-linked preSPAX.
- preSPAX is issued by Republic and is designed to mirror SpaceXās post-listing economic performance, not provide equity or voting rights.
- The sale opens April 18, uses USDT or USDGO commitments, and caps total subscriptions at $1 billion across Bitgetās first tokenized pre-IPO offering for eligible exchange users worldwide.
Bitget is stepping into one of financeās most exclusive corners with the launch of IPO Prime, a product designed to give users tokenized exposure to private companies before they go public for a wider base of users. The platform opens with preSPAX, a digital asset tied to the post-listing economic performance of SpaceX. The significance of the launch lies in how it tries to translate pre-IPO investing from a gated private-market activity into a tradeable crypto product.
Introducing IPO Prime, your fastest gateway to global unicorn companies before they hit IPO.
preSPAX token sale will be launched at Bitget IPO Prime, powered by @joinrepublic.
How to join:
š¹For VIPs: Exclusive airdrops (Apr 13-19)
š¹For all: Launch sale (Apr 18-21)Get inā¦ pic.twitter.com/5bExE9RSAr
— Bitget (@bitget) April 10, 2026
Why IPO Prime could redraw the pre-IPO access model
Bitget describes IPO Prime as a subscription-based token sale platform built around global unicorns ahead of their public debuts. The assets listed there are issued by compliant issuers and are structured to mirror, on a 1:1 basis, the economic performance of the underlying stock after it goes public. In the first offering, preSPAX is being issued by Republic and is meant to track SpaceX after a qualifying liquidity event. That framing makes the product less about direct ownership and more about economic exposure packaged for a crypto-native trading environment.
The mechanics are unusually specific. Bitget says the IPO Prime sale for preSPAX will offer 94,000 tokens with a total subscription value of $61.1 million and a subscription price of $650 per token. Users can participate through a commit model using USDT or USDGO, with a minimum contribution of $100 and maximum allocations tied to VIP level. The overall commitment cap is set at $1 billion, and the sale window runs from April 18 to April 21, followed by distribution and the start of OTC trading on April 21. The structure borrows the discipline of a capital raise while preserving the speed and flexibility crypto users expect from a market product.
The broader bet is that tokenized pre-IPO access can become part of a wider exchange strategy rather than a one-off novelty. Bitget is positioning IPO Prime as a way for users to enter a companyās growth cycle earlier, but the model also introduces clear boundaries. Token holders are gaining exposure to economic performance, not equity, voting rights, or a direct corporate relationship with SpaceX. That distinction matters because it captures both the ambition and the limit of this launch: wider market access, but through a synthetic wrapper rather than the underlying shares themselves.
