Bitget has launched a pre-IPO trading product called IPO Prime, with SpaceX as its inaugural listing, giving retail users tokenized exposure to private companies before they go public.
SpaceX Token and IPO Prime Structure
The exchange, powered by Republic, introduced the product as part of its broader push to become what it calls a Universal Exchange. IPO Prime uses a subscription model where users apply for allocations in tokenized offerings tied to specific companies.
The first asset listed is preSPAX, a digital token designed to track SpaceX's economic performance ahead of a potential public listing. Allocation limits depend on user tier, with higher VIP levels receiving greater access. After the subscription phase, preSPAX transitions to an over-the-counter market on Bitget for continuous trading.
Two rounds of preSPAX airdrops for eligible VIP users begin on Apr. 13, 2026, at 10:00 UTC. The official token launches on Apr. 21, 2026, at 12:00 UTC, with the commitment period running from Apr. 18 to Apr. 21.
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Gracy Chen on Retail Access
Gracy Chen, CEO of Bitget, said the product addresses a long-standing barrier. "IPO Prime allows users to participate earlier in a company's growth cycle, with the flexibility of continuous trading," she said.
Chen added that the move "gives retailers and new investors a chance to buy-in early," calling it part of a broader effort to open financial access beyond institutional gatekeepers.
Bitget's Expansion Beyond Crypto
The launch follows Bitget's broader strategy to merge traditional financial instruments with digital asset infrastructure. The exchange has positioned itself as a multi-asset platform, moving beyond spot and derivatives crypto trading into structured products and early-stage market access. Republic, the platform providing the underlying infrastructure, has previously facilitated tokenized private equity offerings across multiple jurisdictions.
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