Why did preSPAX suddenly surge so much? Stand tall after taking a hit—stay tuned for the 2nd edition of IPO Prime, coming back with brand-new rules ⚠️ SpaceX Pre-IPO prices vary significantly across platforms, mainly due to the difference between spot and contract. Bitget preSPAX is backed by real equity-supported spot RWA, issued by the compliant institution Republic, with an estimated valuation of around $1.52 trillion. Contracts priced around 2000U are mostly based on projected equity pricing and will undergo rebase later. On the other hand, preSPAX is backed by underlying real assets, and after the IPO lock-up period, it can be exchanged 1:1 for SpaceX stock tokens. This is a reliable price discovery mechanism.