Bitget launches IPO Prime, debuts preSPAX token

Bitget launched IPO Prime, a subscription program that sells tokenized pre-IPO allocations to eligible users. The first offering under the program is preSPAX, a digital token intended to mirror the economic performance of SpaceX if the company completes a public listing.

Republic is powering the product. Bitget stated IPO Prime extends its Universal Exchange (UEX) framework into primary-market access, allowing retail users to apply for allocations that have typically been restricted to institutional and private-capital investors.

Allocation sizes will depend on user tier and VIP level. After the subscription phase, eligible token holders can trade the tokens on an over-the-counter market on Bitget, where continuous pricing and circulation are planned.

Bitget said it will distribute two rounds of preSPAX token airdrops for eligible VIP users on April 13, 2026 at 10:00 UTC. The official preSPAX token launch is scheduled for April 21, 2026 at 12:00 UTC. The commitment period runs from April 18, 2026 at 18:00 UTC to April 21, 2026 at 18:00 UTC. The distribution window is April 21, 2026 from 18:00 to 22:00 UTC. After commitments are taken, the token will be available for OTC trading on Bitget.

Gracy Chen, Bitget’s CEO, described the program: “Since the beginning of financial markets, access to pre-IPO opportunities has been defined by exclusivity. IPO Prime allows users to participate earlier in a company’s growth cycle, with the flexibility of continuous trading.”

The company emphasized that preSPAX represents a mirrored economic interest tied to a qualifying event and does not constitute equity or a direct investment in SpaceX. The announcement noted that SpaceX has not endorsed, approved, or authorized the product.

The launch includes standard investor cautions. Bitget warned that digital assets can be volatile, allocations may be unavailable in certain jurisdictions, and participants should confirm local eligibility and seek independent professional advice. Bitget reported it serves over 125 million users, offers access to millions of crypto tokens and tokenized traditional assets, and operates in roughly 150 regions. Republic’s involvement places the offering within an established framework for tokenized primary-market products.

Bitget described IPO Prime as an addition to its tradable product range that provides earlier-stage market participation. The company added the product may not be suitable for all users and that losses are possible.