Original source: Bitget
Author: Martin Talk
What is Bitget IPO Prime?
Bitget IPO Prime is an innovative token sale platform launched by Bitget in April 2026, designed to provide global users with rare participation opportunities in world-class unicorn companies before their IPOs, allowing ordinary users to equally enjoy the potential economic benefits brought by top IPOs, truly realizing financial equity.
First project launched: preSPAX
· Project introduction: SpaceX, founded by Elon Musk in 2002, aims to reduce launch costs with reusable rockets and promote the development of commercial spaceflight. Its representative products include Falcon 9, Dragon spacecraft, and Starship, with a long-term goal of enabling human habitation on Mars and multi-planetary existence. preSPAX is a digital token issued by the regulated issuer Republic, designed to reflect the economic performance after the IPO listing of SpaceX.
· Core mechanism: 1:1 mirroring of the economic performance after SpaceX's listing.
Two historic breakthroughs of Bitget IPO Prime:
· The world's first IPO with stablecoin participation—Bitget IPO Prime has pioneered the industry, becoming the first platform globally that allows users to subscribe directly using stablecoins (USDT + USDGO). Users do not need to undergo cross-border foreign exchange, nor do they need to wait for settlement, achieving instant payments and global circulation, which not only significantly reduces participation costs but also enables crypto users to seamlessly access potential economic benefits from top unicorns in the most familiar and convenient stablecoin form, marking Bitget's innovative bridge between crypto and traditional top assets.
· Bitget brings financial equity—traditional Pre-IPO projects usually set extremely high participation thresholds, and only qualified investors, institutions, or high-net-worth users can enter, making it nearly impossible for ordinary users to reach. Bitget completely breaks down this barrier, bringing potential opportunities from world-class unicorn companies to every user. As long as you have a Bitget account (including VIP0 users), you can easily participate using stablecoins, without complicated qualification reviews or high minimum investments, truly allowing global users to equally grasp the potential upside benefits of pre-listing.
Bitget adopts a subscription model, and trading begins immediately after the subscription ends, allowing for 24/7 real-time circulation. In the future, more quality unicorn assets will be continuously launched, making Bitget the preferred platform for users to capture potential opportunities before listing. For more details, click the announcement.
How to participate in Bitget IPO Prime?
Bitget has prepared two forms of participation for users: Airdrop + Subscription
VIP Airdrop
Bitget has prepared two rounds of preSPAX airdrops for the platform's VIP users.
· VIP Airdrop Gala (for existing VIP users only): This stage has a total prize pool of 760 preSPAX and provides corresponding amounts based on your VIP level. (Click to participate)
· VIP Accelerated Airdrop (for new VIP users only): This stage sets a prize pool of 190 preSPAX specifically for high-value new VIP users. Simply sign up for the event and complete a VIP upgrade to secure your qualification and obtain the corresponding airdrop amount. (Click to participate)
IPO Prime Subscription
Subscription details:
· Token name: preSPAX
· Implied valuation of SpaceX: $1.5 trillion
· Total subscription quantity for IPO Prime: 94,000
· Total subscription value: $61,100,000
· Subscription price: 1 preSPAX = $650
· Contribution currency: USDT or USDGO
· Total upper limit of the contribution pool: $1,000,000,000
· Individual contribution lower limit (USDT or USDGO): $100
· Individual contribution upper limit (USDT or USDGO):

Users with VIP0 and above can participate, using USDT + USDGO for subscription. Individual subscription amounts are capped based on the Bitget VIP level; the higher the level, the larger the amount.
After the subscription ends: Users can trade in the upcoming open over-the-counter market; they can also wait for the ban period of the underlying debt assets of preSPAX to end, after which the issuer will entrust Bitget to convert the tokens into stock tokens or USDT based on the market price of the underlying company’s stock.
Participation steps:
· Open the Bitget App or Bitget official website and enter the IPO Prime event page
· Check your VIP level's corresponding airdrop eligibility + subscription amount
· Use USDT / USDGO to subscribe with one click (no subscription fee, management fee)
· After the subscription ends, the secondary market opens automatically for free trading
Function highlights:
· Direct payment with stablecoins, enabling global users to participate without time lag
· VIP levels match amounts automatically; the higher the level, the greater the benefits
· Subscription and circulation, no waiting for unlock
Enhance VIP level = larger amounts + more airdrops, allowing your funds to efficiently capture this historic opportunity with SpaceX!
Why is it worth participating now?
Zero threshold financial equity: VIP0 users can subscribe without any additional qualifications, simply using a Bitget account to equally participate in world-class projects.
Ultimate stablecoin experience: Directly use USDT/USDGO investments with no currency exchange, no complex procedures, instant global transactions, and extremely simple operations.
Scarce top assets: As the first project launched globally, SpaceX has an asset scale of $50 million, providing an excellent rare opportunity to capture potential upside benefits.
VIP exclusive benefits stacking: Two rounds of a total quota of 500,000 for airdrops + larger subscription amounts for higher levels, allowing users of different tiers to obtain exclusive priority rights.
Flexible exit mechanism: After the subscription ends, immediately enter secondary market trading, 24/7 free circulation, to seize opportunities at any time.
Continuous future opportunities: Bitget will continuously introduce more world-class unicorn assets, enabling users to enjoy top potential opportunities by investing in this platform for the long term.
Starting now is the best time to grow synchronously with the world's top innovative enterprises and enjoy potential economic benefits!
FAQ
What is Bitget IPO Prime?
IPO Prime is an innovative token sale platform launched by Bitget in April 2026, providing rare participation opportunities in global unicorn companies before they go public and enjoying the potential economic benefits from the IPO.
How to participate in Bitget IPO Prime?
It uses a subscription investment model, allowing eligible users to participate, with individual subscription limits tied to Bitget VIP levels.
What is preSPAX?
preSPAX is the first asset listed on Bitget IPO Prime, issued as a digital token by a compliant issuer, designed to reflect the economic performance after SpaceX’s IPO listing.
Who is the issuer of preSPAX?
The preSPAX token is issued by Republic International Cayman, which holds licenses in multiple regions including the United States.
Does subscribing to preSPAX equate to directly investing in SpaceX?
No. Holding preSPAX tokens represents a debt certificate from the issuer to the holder, aimed at reflecting the performance of SpaceX. It is not the actual stock of SpaceX, and holding the token does not represent ownership of SpaceX equity, nor does it entitle the holder to voting rights, dividend rights, or any shareholder rights. preSPAX is not affiliated with the mentioned company and has not received any form of approval or endorsement from it.
What is the exit mechanism after subscribing to preSPAX?
After the conclusion of Bitget IPO Prime, users can trade preSPAX tokens in the Bitget over-the-counter trading market that will subsequently open, according to the rules. Additionally, users can wait for the lock-up period of the underlying debt assets of preSPAX to end (usually about 6 months after SpaceX's IPO), after which the issuer will entrust Bitget to convert them based on the market price of the underlying company’s stock into stock tokens or USDT, subject to the subscription agreement.
If the company cancels the IPO or postpones it indefinitely, what will happen to my investment?
If the target company fails to complete a qualified trigger event (such as an IPO or being acquired) within the time specified in the subscription agreement, the payment will be carried out according to the backup terms in the subscription agreement. Specific backup payment mechanisms will be subject to the subscription agreement signed at the time of subscription.
Does participating in the IPO Prime subscription require additional payment of subscription fees, management fees, or custody fees?
No, eligible users can participate for free. The token exchange fees are subject to the subscription agreement.
Is my investment in IPO Prime risk-free and guaranteed to profit?
No. The Bitget IPO Prime product involves various investment risks, including but not limited to: risks of fluctuations in the valuation of the target company, risks that qualified trigger events may not occur, and secondary market liquidity risks. Prices of digital assets may fluctuate significantly, and your principal is at risk of loss. Bitget does not guarantee any investment returns. Please fully understand the associated risks before participating, only invest funds you can afford to lose, and seek independent professional advice if necessary.
Based on the total shares available for subscription through IPO Prime, does Bitget actually hold corresponding equity shares of the assets?
The digital assets launched on Bitget IPO Prime are issued by a compliant issuer, which, along with its partner institutions, holds equity or related rights in the target company through compliant channels, and ensures the token issuance is supported by real underlying assets through contractual arrangements.
This article is from a submission and does not represent the views of BlockBeats.
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