Bitget Opens Pre-IPO Token Trading With SpaceX on Solana — Retail Gets Its First Shot at preSPAX!

Bitget has launched IPO Prime, a platform offering tokenized exposure to private companies before they list publicly, with SpaceX as the debut name. The instrument — preSPAX — is a derivative token minted on Solana, priced at $650 per token against an implied SpaceX valuation of $1.5 trillion, with a total supply of 94,000 tokens issued through Republic, the private markets platform.

What buyers actually hold matters: preSPAX is not equity, not a convertible note, not a SAFE. It mirrors the financial outcomes tied to SpaceX's post-IPO valuation and trades on Bitget's spot market immediately after distribution — breaking the three-to-seven-year illiquidity that normally traps pre-IPO stakes. No voting rights, no pro-rata rights, no direct asset claim come with it.

Solana's role as settlement layer is deliberate. The chain has absorbed a growing share of RWA tokenization activity…