Bitget opens private markets to retail users with SpaceX-linked pre-IPO token and OTC trading access.
Crypto exchanges continue to push into private market exposure through tokenization. A new product from Bitget brings pre-IPO access closer to retail users. The offering centers on synthetic exposure tied to private companies rather than direct equity ownership.
Bitget Rolls Out Subscription-Based IPO Prime With SpaceX as First Asset
Bitget has rolled out IPO Prime, a new product offering tokenized exposure to companies ahead of public listings. The first asset under the program is preSPAX, which tracks SpaceX’s economic performance.
The token is tied to SpaceX’s valuation on the Nasdaq Private Market, where private company shares trade. Users gain synthetic exposure to price movements, allowing participation in pre-IPO valuation shifts without holding actual shares.
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)
Get in… pic.twitter.com/5bExE9RSAr
— Bitget (@bitget) April 10, 2026
IPO Prime operates through a subscription model powered by Republic. Eligible users can apply for allocations, with limits determined by account tier. Higher-tier users receive larger allocation caps during the subscription phase.
Once the subscription phase concludes, the allocated tokens move to an over-the-counter market on Bitget. There, the tokens can be traded freely. The setup introduces liquidity to assets that are typically locked until public listing events.
preSPAX Set for April 21 Launch, Airdrops to Precede Trading
According to the timeline, preSPAX is set to launch on April 21 at 12:00 UTC. Meanwhile, the subscription window opens on April 18 at 18:00 UTC and closes on April 21 at 18:00 UTC. Distribution will then take place later on launch day, between 18:00 and 22:00 UTC.
CEO of Bitget Gracy Chen stated that the model changes how investors access early-stage growth opportunities. In addition, she noted that the structure expands participation beyond institutional players, offering retail traders earlier entry into companies such as SpaceX.
Moreover, Bitget will also offer two rounds of airdrops for eligible VIP users ahead of trading. These incentives aim to increase early participation and improve initial market activity.
However, the company clarified that preSPAX does not represent direct equity ownership in SpaceX. Instead, the token reflects a mirrored economic interest tied to potential future liquidity events. Notably, SpaceX has neither endorsed nor authorized the offering.
The post SpaceX Pre-IPO Goes On-Chain as Bitget Launches IPO Prime Market appeared first on Live Bitcoin News.
