Murphy
Murphy|Apr 11, 2026 04:53
The private equity market used to be the exclusive playground of private banks with million-dollar thresholds, but Bitget's IPO Prime is breaking the mold, pioneering a new path in the crypto space. The first product launched, preSPAX, brings the previously distant Pre-IPO investment opportunities closer to regular folks, transforming it into a format that crypto enthusiasts can directly participate in. You could say that crypto is rewriting the way traditional financial products are distributed. Important note: preSPAX is not SpaceX equity itself. Instead, it’s a digital asset issued and mapped by SEC-licensed institution Republic (@joinrepublic), reflecting the economic performance of SpaceX post-IPO. Users can participate using USDT or USDGO, with a minimum threshold of just $100. Of course, if you're a VIP 0, the maximum investment is capped at $1,000. The subscription period runs from April 18 to April 21, and off-market trading will open the same evening after it ends. Alternatively, you can wait until the lock-up period for the underlying assets ends (typically around six months), during which Republic will authorize Bitget to exchange stock tokens or USDT for users based on the stock’s market price. What’s intriguing is the potential for SpaceX after its actual IPO: Nasdaq has already relaxed its Nasdaq-100 index inclusion rules as of late March 2026, allowing eligible large IPOs to enter the evaluation process as quickly as 15 trading days. Additionally, the 10% minimum float requirement has been removed. SpaceX plans to release only about 3%-5% of its shares in the first six months post-IPO (corresponding to a valuation of $1.5-$1.75 trillion, with a float market cap of approximately $75-$87.5 billion). This means that during the early stages of listing, shares will be scarce, and billions of dollars in index funds will be "forced buyers," potentially driving significant upward momentum for the stock price. But after the six-month lock-up period, that’s a whole different story. This kind of play is definitely familiar to crypto folks... --------------------------------- This content is supported and sponsored by Bitget.
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