SpaceX plays Pre-IPO: A late financial equity

Author: Mah, Foresight News

In the past, the encryption industry has attracted countless people to a mad influx because of its enormous wealth effects. Under the festivities of mobility, songs and dances are flat, and myths of beauty and wealth are intertwined, but if we look back at the market performance of the past six months, perhaps the vast majority will be rather disappointed. Yes, the money ring that gave millions of ordinary people the opportunity to participate in venture capital is now often closed with an extreme PvP, and the currency is being put on the line with a sharp push。

THE EFFECTS OF WEALTH HAVE DECLINED SHARPLY, AND DESPAIR HAS SPREAD. BUT WHEN WE TAKE OUR PERSPECTIVE OUT OF THE CIRCLE, WE FIND THAT THINGS ARE GOING SO FAST IN THE AREAS OF AI, ROBOTS, AND SPACE, AND THAT THE STOCK MARKET IS DOING SO WELL THAT IN 2025 A LOT OF MONEY-CIRCLES TURNED TO AMERICA。

Top-level equity -- a "closed game" for a few

According to the PwC Global Top 100 United 2025 report, the global total value of the top 100 major unicorn enterprises, which have grown several times or dozens over the past few years, has reached about $2.9 trillion, but ordinary investors are almost unable to share in this wealth feast。

The traditional Pre-IPO investment channel is like a high wall, built around a wind projector and a qualified investor, a "club game" for a very small number of top VCs and supernets. The threshold for participation is at least $3 million, either for front issuers or for private equity funds。

Outside the walls are ordinary people with no resources and no connections. High-threshold, low mobility and complex legal procedures — factors that together constitute an almost insurmountable barrier. SpaceX's share was previously unreachable to ordinary investors。

But now the situation is changing。

In April 2026, Bitget launched a new token sales platform, IPO Prime, to enable ordinary people to participate in pre-IPO investments in top global firms. To allow a real "big project" to involve ordinary people and share the dividends of industry development。

The target for the first line is SpaceX。

Exchange competition in 2026 is no longer a competition for “currency numbers”, but for “good asset liquidity”。

When other exchanges are still liquid in the roll secondary market, real thinkers are already cutting into level one asset distribution through compliance channels. Since so-called compliance, top-level asset acquisition capacity, it is no longer the issue of assassins。

It is interesting to note that the top encryption exchanges, such as Currency, Coinbase, are still not involved in Pre-IPO, and Bitget has become the first crab-eating player to try to break the financial barriers that users face because of geography, financial thresholds, and identity access, so that ordinary encrypted bulkers can participate in top-level assets with minimal friction。

Structural inequalities in traditional venture capital markets are rooted in the system of qualified investors established by Reg D (United States Securities Act D Regulations). Within this framework, the value-added gains of super-unicorns, such as SpaceX, have long been locked in the category of "investmentable assets over $1 million" or "income over $200,000 per annum" in high netting. This is essentially a capital feast that excludes 99% of market participants。

Bitget allows ordinary squatters to benefit from the dividends of financial equity by investing in “big projects” like traditional investments。

Specifically, the assets of the online IPO Prime are issued by compliance issuers, who hold the shares or related interests of the targeted enterprise through the compliance channel, and then issue digital tokens to "image" the economic returns of these shares。

Take the example of preSPAX on the first line, which is issued by Republic。

Chief Executive Officer Bitget Gracie revealed that his choice was hard-core because of the reasons why Republic was being used. “They were full-licensed: they made a complete link of assets from ‘issue-distribution-trading’, they had cross-jurisdictional compliance operational capabilities and end-to-end RWA service capabilities, and they were a few global platforms that simultaneously had compliance qualifications in Europe and Asia. The shareholders behind them are also top camp, including Valor Equity Partners (early investors in Tesla and SpaceX), and Avalanche, Yzi Labs, etc. in the Web3 area.”

the preSPAX token reflects the economic performance of SpaceX after the listing of IPO, but it is important to note that it is not a real stock of SpaceX and that holding a token does not represent ownership of SpaceX and does not enjoy the rights of shareholders such as the right to vote and the right to a share。

The benefits of this mirror mechanism are obvious:

• LOW THRESHOLD: USERS NEED ONLY USDT AND USDGO TO PARTICIPATE WITHOUT QUALIFIED INVESTOR STATUS
• High mobility: Opening the off-site trading market after subscription, 7/24 Free trading
• EXIT FLEXIBILITY: EITHER SELLS ON THE SECONDARY MARKET OR WAITS FOR IPO FUTURES TO BE CONVERTED INTO SHARES OR USDT

Traditional Pre-IPO. What's the worst part of the investment? Your money's going in, probably not for years。

In the case of SpaceX, the company has been in existence for 23 years since 2002, but has not been listed. If you buy SpaceX's Pre-IPO shares through traditional channels, it may take years or even longer to exit. During this period, your funds are completely locked to the point where they cannot move。

Currently, mainstream Pre-IPO platforms, such as EquityZen, Forge Global and Hiive, are dedicated to traditional areas of finance, which are relatively separate from encrypted monetary ecology。

The innovation of Bitget IPO Prime is that it opens the off-site market immediately after the subscription. This liquidity design is a great attraction for ordinary investors. After all, investors tend to keep an eye on the opportunity costs of long-term lockouts。

IN ADDITION, THE DIRECT PARTICIPATION OF USERS IN IPOS IN A STABLE CURRENCY HAS ALSO BROKEN THE HISTORY OF PREVIOUS EQUITY INVESTMENTS. STABLE CURRENCY IS NO LONGER A MEDIUM FOR CROSS-BORDER TRANSFERS AND CHAIN TRANSACTIONS, BUT A MEANS OF PAYING DIRECTLY FOR COMPLIANCE。

THE ORDINARY FAMILY MEMBERS DO NOT NEED TO BE FACED WITH A COMPLEX PROBLEM OF TRANSFERS AND FINANCIAL TRANSACTIONS, USING USDT OR USDGO TO PARTICIPATE IN THIS WEALTH FEAST。

SpaceX, the scarcity behind trillions of dollars

In April 2026, Bloomberg and CNBC simultaneously launched a heavy bill of information: SpaceX has submitted an IPO application, with a target of listing in June 2026, with plans to raise approximately $75 billion, valued at $175 trillion。

If successful, it will be the largest public fund-raising unit in history, surpassing Saudi Arabia's United States record of $29 billion in 2019. By that time, SpaceX will be the sixth most valuable company in the United States, second only to Britain, Apple, Microsoft, Amazon and Alphabet。

According to Pollymarket ' s latest data, the current market bet on the first day of the market for official collections has risen to 70 per cent above $1.8 trillion and 49 per cent above $2 trillion。

SpaceX, what is it worth? The answer is hidden in its business map。

SpaceX, with three killers, is proud of the world today。

Falcon 9: Global primary orbital stage reusable rockets, with more than 150 launch missions completed, accounting for about 90 per cent of global orbital launch mass. Reuseable technology reduces launch costs several times, which is key to SpaceX's dominance in the commercial launch market。

Starlink: The global satellite Internet giant, with 9.2 million subscribers in 150 countries, doubled the number of subscribers for two consecutive years. About $16 billion was collected in 2025。

Starship: The next generation is fully reusable with the goal of human Mars and multiplanet survival. Although still under development, progress has laid the foundation for SpaceX ' s long-term vision。

In a public speech in June 2025, Mask revealed that SpaceX 2025 was expected to receive $15.5 billion for the fiscal year and that 2026 was expected to surpass the NASA budget (approximately $18.8 billion)。

However, SpaceX has not been able to stay on the market for a long time and has had very little circulation in its secondary market。

In December 2025, SpaceX conducted a sale of a second-degree equity, which enabled staff to sell their shares at a value of $80 billion. This was the first break in the SpaceX valuation of $80 billion, more than double the previous estimate of approximately $350 billion。

The problem is that these shares are almost divided between internal employees and institutional investors. Ordinary investors want to participate as hard as they can。

And this time, Bitget chose to share SpaceX wealth opportunities with users, perhaps not by chance。

SpaceX challenges the boundaries of the traditional space industry and Bitget challenges the boundaries of traditional finance. Both break barriers to traditional industries through technological innovation。

Subscription valuation 1.5 trillion, up to $300,000 per person

On 18 April, Bitget will update its relevant page before the event is open, at which time it will be able to participate officially. On 21 April, at 2 p.m., the investment was closed and preSPAX tokens were distributed, and the off-site trade was opened at 8 p.m. on 21 p.m。

IPO Prime uses the input subscription model, which allows eligible users to participate in the subscription, and a hard individual subscription ceiling will be linked to the user ' s Bitget VIP rating。

The implicit valuation of user participation in SpaceX was $1.5 trillion, total subscriptions: 94,000 with a total value of $61.1 million, and the subscription price was $650 per 1 preSPAX price。

THE INPUT CURRENCY CURRENTLY SUPPORTS USDT OR USDGO, WITH A MINIMUM PERSONAL INPUT THRESHOLD OF $100, WITH A TOP-LINE CHANGE BASED ON A VIP GRADE DIFFERENCE AND A CEILING OF $0.3 MILLION FOR VIP 7。

After IPO Prime, users can buy and sell preSPAX coins in accordance with the rules in the subsequent open off-site Bitget market. In addition, it may wait for the end of the ban on the sale of assets of preSPAX tokens (usually about six months after SpaceX IPO is listed) and be commissioned by the issuer Bitget to convert the user into shares or USDT at the standard enterprise stock market price。

Bitget opened two rounds of token drops for platform VIP users totalling $500,000. For high net value users, this is an impressive "attendance"。

In April 2026, Bitget launched the VIP Acceleration Plan. Traditional VIP systems usually rely on fixed asset thresholds, such as requiring users to hold a certain number of platform tokens or to reach a certain asset size. However, Bitget broke this practice by linking VIP access to actual transactions。

The scheme provides three separate paths for promotion: contractual transactions, spot transactions, and holding stock. Each player can find his or her own career path。

This year, Bitget speeded up its VIP layout, not only optimising its promotion path, but also upgrading its VIP service system and launching the "Million Clubs" scheme, which allows eligible users to obtain high-end physical gift boxes tailored to the platform on a monthly basis. This plan cycle is from January to June 2026, with the previous gift to users of the toilet, the Aymas, etc。

Concluding remarks

Since 2025, Bitget has advanced its Universal Exchange strategy to integrate encrypted currency markets, chain-based markets and tokenized assets into a single trading experience。

According to Lokonchain, the chain tracking platform, the cumulative turnover of Bitget shares has reached $1 billion. Of these, single-month transactions in December 2025 accounted for 89.1 per cent of the global market share of Ondo。

Unlike traditional coupons, Bitget's monetized shares can be traded 24/7. This means that global investors are able to react immediately to financial or macro events without waiting for New York to open the bell。

Through IPO Prime, Bitget extended the class of investable assets from encrypted currency to tokenized shares to Pre-IPO unicorn shares。

From the point of view of industry competition, the launch of the IPO Prime's CEX would undoubtedly be of considerable significance if the wealth effect were to follow。

Not every opportunity for wealth can be seized by investors, but wealth earned through in-depth research and courage is the most disturbing。

Breaking the Wall Street wall and making the top equity investment opportunities within reach — an important step towards maturity in the encryption industry。

This financially equal space experiment is about to open。