Bitget Launches IPO Prime With SpaceX Token in Pre IPO Access

Published on: April 11, 2026, 3:16 AM EDT

Bitget has launched a new IPO Prime platform, introducing a SpaceX linked token that gives users early exposure to pre IPO opportunities.

Key Takeaways

Bitget launches IPO Prime, enabling users to access pre IPO exposure to private companies like SpaceX.
preSPAX token mirrors SpaceX’s economic performance, without offering direct equity ownership.
Subscription window runs from April 18 to April 21, with trading beginning the same day.
The move aims to democratize early stage investing, traditionally limited to institutional players.

What Happened?

Bitget introduced IPO Prime, a new product that allows users to gain early exposure to private companies before they go public. The first offering under this model is preSPAX, a token linked to SpaceX’s potential IPO performance.

The product is structured as a synthetic asset and will be available through a subscription process, followed by trading in an OTC market on the platform.

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:
🔹For VIPs: Exclusive airdrops (Apr 13-19)
🔹For all: Launch sale (Apr 18-21)

Get in… pic.twitter.com/5bExE9RSAr
— Bitget (@bitget) April 10, 2026

Bitget Expands Into Pre IPO Market Access

Bitget has taken a major step toward bridging the gap between private and public markets with the launch of IPO Prime. The platform allows users to participate in early stage value creation, an area that has historically been restricted to institutional investors and private networks.

IPO Prime operates through a subscription based allocation model, where eligible users can request access to tokenized offerings. Allocation sizes depend on the user’s VIP tier, with higher tier users receiving greater access.

After the subscription phase, these assets transition into a structured OTC market, enabling continuous pricing, trading, and liquidity within Bitget’s ecosystem. This approach extends Bitget’s Universal Exchange model, which integrates multiple asset classes including crypto tokens and tokenized financial instruments.

preSPAX Token Tracks SpaceX’s Future Performance

The first asset under IPO Prime is preSPAX, a digital token designed to mirror the economic performance of SpaceX after its potential public listing. Importantly, the token does not represent ownership or equity in SpaceX.

Instead, it functions as a synthetic exposure instrument, allowing users to benefit from potential price movements tied to a future IPO event.

The token is issued by Republic and will be offered at an implied SpaceX valuation of $1.5 trillion, with:

94,000 tokens available
Price set at $650 per token
Total subscription value reaching $61.1 million

Bitget has clarified that the product has no legal relationship with SpaceX and has not been endorsed or authorized by the company.

SpaceX IPO Expectations Continue To Rise

The timing of the launch aligns with growing anticipation around SpaceX’s potential IPO. According to Bloomberg, the company has filed confidentially for an IPO, a process that allows early submission of regulatory documents before a public filing.

Recent reports suggest that SpaceX could target a valuation exceeding $1.75 trillion, with some projections pushing expectations above $2 trillion. Earlier estimates placed the company’s valuation closer to $1.5 trillion, highlighting how rapidly market expectations are evolving.

These projections follow major developments including SpaceX’s merger with xAI, which significantly increased its overall valuation profile.

Timeline And Distribution Details

Bitget has outlined a clear rollout plan for preSPAX:

April 13, 2026: Two rounds of airdrops for eligible VIP users.
April 18 to April 21, 2026: Subscription and commitment window.
April 21, 2026: Official token launch and start of OTC trading.
Distribution window: Completed within four hours after launch.

Settlement of the token is tied to a future IPO event and depends on the expiration of a lockup period linked to the underlying asset. At that stage, value may be converted into tokens or USDT based on SpaceX’s market price.

Broader Push Toward Financial Accessibility

Bitget’s IPO Prime reflects a broader shift toward expanding financial access for retail users. By integrating pre IPO opportunities into its platform, the company is attempting to democratize early investment access.

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 earlier in a company’s growth cycle, with the flexibility of continuous trading. This shifts how and when investors can engage with emerging companies, which gives retailers and new investors a chance to buy-in early. This is part of our greater shift towards building an UEX, democratizing access to financial equality.

In addition to IPO Prime, Bitget has introduced programs such as a VIP Fast Track system, offering incentives like trading fee rebates, vouchers, and yield boosts to encourage platform participation.

CoinLaw’s Takeaway

In my experience, this is one of the more interesting attempts to bring traditional finance opportunities into crypto. The idea of accessing pre IPO exposure through tokenized assets sounds powerful, especially for retail users who were always locked out of these deals.

That said, I find it important to remember that preSPAX is not actual equity. It is a synthetic product, which means the risks are different from owning real shares. Still, if executed well, this model could reshape how early stage investing works and make markets more inclusive than ever before.