Bitget SpaceX pre-IPO: preSPAX Launch with PRIME

PRIME and SpaceX IPO Prime Launch

Crypto exchange Bitget has launched IPO Prime, a proxy product tied to the pre-IPO stage of Elon Musk's space company SpaceX. The preSPAX token was issued by Republic and provides users with economic exposure to SpaceX's post-IPO performance. The product does not provide direct SpaceX share ownership, and SpaceX has not approved or endorsed this offering.

Bitget launches SpaceX on IPO Prime. Source: Bitget

preSPAX Subscription and PRIME Access

The product will be offered via a subscription model in all jurisdictions compatible with Bitget. The preSPAX subscription window was open from April 18-21, distribution took place on April 21, and OTC trading started on the same day. Bitget CEO Gracy Chen noted that priority access was provided to VIP users. This launch reflects the trend of crypto exchanges tokenizing traditional assets to offer 24/7 access. SpaceX filed a confidential IPO application with the SEC a week ago; its valuation could exceed 1.75 trillion dollars and be completed by June 2026. Similar products are available on platforms like Solana-based PreStocks, Orderbook, and Republic. Click for PRIME detailed analysis.

PRIME Technical Outlook and Support/Resistance Levels

PRIME is currently at $0.00 level, 24h change +0.00%. RSI 54.83 shows sideways trend, Supertrend bearish. EMA 20: $0.3419. Strong supports: S1 $0.3470 (73/100, -3.72%), S2 $0.2924 (71/100, -18.87%). Resistances: R1 $0.3761 (68/100, +4.36%), R2 $0.5027 (59/100, +39.48%). Investors can take positions with PRIME futures. PRIME spot analysis is recommended.

• Support Sources: Fibo 0.114, BB Middle, SMA 20
• Resistance Sources: Prev Day High, Fibo 0.382