preSPAX to the Moon (No Equity, No Problem): Bitget Lets Degens Ride SpaceX’s $1.75T IPO Wave — Without the Boring Paperwork

Bitget just dropped IPO Prime, and its debut headliner is preSPAX—a financial love letter to SpaceX’s future public debut, wrapped in a token that says, “You’re not missing out, technically.” Republic issued it, so it’s legit-ish: a synthetic exposure play that lets retail punters front-run the SpaceX IPO without needing a Cayman Islands bank account or a blood oath with Elon. You don’t get equity. You don’t get voting rights. You don’t even get a cool SpaceX hoodie. But hey, you do get the economic vibes—like owning a concert ticket but only for the afterparty livestream.

“IPO Prime allows users to participate earlier in a company's growth cycle, with the flexibility of continuous trading,” said Bitget CEO Gracy Chen, probably while sipping matcha and watching Tesla stock dip. “This shifts how and when investors can engage with emerging companies, which gives retailers and new investors a chance to buy in early.” Or, in degen terms: “You can now YOLO before the YOLOs begin.”

The subscription window slams open April 18–21, because nothing says “democratized finance” like a four-day countdown. Tokens drop after close, and OTC trading fires up—because nothing feels more Wall Street than backroom deals, but make it blockchain.

SpaceX, that rocket-obsessed unicorn with a valuation that defies gravity, has quietly filed with the SEC for a June 2026 IPO, targeting a $1.75 trillion moonshot. The ask? Over $75 billion in fresh capital, which is roughly 3x the GDP of Ukraine. Currently, it trades at $1.43 trillion on Nasdaq Private Market—yes, that’s a real thing—where accredited investors flex their W-2s like NFTs. Meanwhile, traders on Myriad—the prediction market from Dastan, Decrypt’s parent—have priced in an 88% chance SpaceX pops above $1.3 trillion at IPO. That’s not optimism; that’s rocket fuel in spreadsheet form.

Bitget’s play is less “bridge between worlds” and more “full crypto colonization of Wall Street’s backyard.” The Seychelles-based exchange, boasting 125 million users (some of whom may be bots, but who’s counting?), already offers tokenized stocks, ETFs, commodities, and forex—because why just do crypto when you can do every financial instrument ever, with extra steps? Republic previously launched rSPAX Mirror Tokens on Solana, because of course Solana’s involved—where else would you host a high-speed financial experiment bound to go full memecoin at launch? Meanwhile, Solana’s PreStocks, Nasdaq Private Market, and Forge Global are all jostling in the pre-IPO tokenization arena like traders at a Black Friday sale.

SpaceX has not endorsed or authorized the Bitget offering. Shocking, right? Elon’s too busy merging with Neuralink or whatever to sign off on retail gamblers tokenizing his life’s work. But hey, if the rocket blows up—or the token does—at least someone’s having fun.