If SpaceX's prospectus specifies a 1:5 split, then Bitget's preSPAX will also split 1:5. The total value remains unchanged, the price becomes 1/5 of the original, and the number of tokens held increases fivefold. After the IPO lock-up period ends, it will be exchanged 1:1 for SpaceX's real US stock tokens. Bitget IPO Prime, where every token corresponds to real equity, is the only token in the entire network backed by actual equity.