Bitget has launched a new platform called IPO Prime, allowing users to gain tokenised exposure to private companies before they go public, starting with a product linked to SpaceX.
The first token, preSPAX, is issued through Republic and minted on the Solana blockchain, enabling users to trade positions shortly after allocation.
Unlike traditional pre-IPO investing, where capital is often locked up for years, the platform allows near-immediate liquidity through secondary market trading.
Users commit stablecoins into a pooled structure and receive tokens based on demand, with prices adjusting as expectations around a potential IPO evolve.
The tokens are structured as derivatives and do not represent direct equity ownership, instead tracking financial outcomes tied to a company’s valuation after listing.
The launch comes as SpaceX, led by Elon Musk, is widely expected to pursue a public listing, making it one of the most anticipated IPOs in the market.
The move reflects growing momentum behind tokenisation, as crypto infrastructure expands into traditionally restricted areas like private equity and early-stage investing.
At the time of reporting, Solana price was $85.61.