Bitget has launched its IPO Prime platform with a landmark first offering—preSPAX tokens linked to SpaceX—as trading commences today, April 21, 2026. The subscription window closed earlier, with token distribution occurring between 06:00 and 10:00 UTC, paving the way for immediate spot trading starting at 12:00 UTC, enabling investors to gain direct market exposure to one of the most anticipated private space ventures.

What makes IPO Prime different? 

IPO Prime is designed to provide structured access to pre-IPO opportunities through tokenized instruments that reflect the economic performance of underlying companies after listing. The first asset, preSPAX, is linked to SpaceX, offering users exposure to one of the most closely followed private companies globally.

Participation is conducted through a subscription-based model, where users commit capital in stablecoins and receive proportional allocations based on total demand. This replaces fixed allocation models with a transparent mechanism that adjusts dynamically to participation levels.

What distinguishes IPO Prime is the integration of early access with immediate liquidity. Once distribution is completed, preSPAX becomes tradable in a spot market, allowing users to enter, exit, or adjust positions ahead of a public listing event. This structure introduces continuous price discovery at a stage where traditional pre-IPO investments are typically locked.

Bitget provides broader access

“Early access has always been limited, but it’s not just about getting in early,” said Gracy Chen, CEO of Bitget. “It’s also about what you can do after that. Giving users the ability to act and adjust in real time changes how these opportunities are approached.”

Assets listed on IPO Prime are issued through our compliant partner, Republic, and are designed to track economic outcomes rather than represent direct equity ownership. This framework enables broader participation while maintaining a structured approach to exposure.

Within Bitget’s Universal Exchange model, IPO Prime reflects a broader shift in how trading environments are being designed. As users increasingly look to manage capital across multiple asset classes and stages of the market cycle, the ability to access early-stage opportunities alongside liquid markets within a single system is becoming more relevant. 

By extending its infrastructure to support both participation and trading in one place, Bitget continues to evolve UEX as a more complete environment for navigating global markets.