SpaceX available for pre-IPO access as Bitget launched IPO Prime

Bitget rolled out a new product called IPO Prime yesterday. It lets retail users subscribe to tokenized versions of pre-IPO shares in big private companies. The first offering is preSPAX, which is designed to track SpaceX’s economic performance ahead of any potential public listing. Subscriptions are based on your account VIP level, and the tokens will later trade on Bitget’s OTC market.

This setup gives regular traders a way into early-stage deals that have mostly been limited to institutions and accredited investors until now. Bitget partnered with Republic to make it work.

Subscriptions for preSPAX open April 18, with the token itself going live April 21. There are also a couple of airdrop rounds for eligible VIP users starting April 13.

Curious what others think... does opening up pre-IPO exposure like this make sense on a crypto exchange, or does it just add another layer of risk most people don’t need?