Bitget Wallet Opens Subscriptions for Tokenized SpaceX Stock
SpaceX has yet to go public, making it difficult for conventional investors to participate directly in gains in its equity value. Bitget Wallet and xStocks have launched SPCXx, a tokenized stock issued by xStocks that it says is backed 1:1 by underlying shares. The product gives users economic exposure tied to a future SpaceX IPO through stablecoins, but it is not equivalent to directly owning U.S.-listed shares.
Bitget Wallet opened SPCXx subscriptions on June 9, with the latest round’s final subscription window starting at 16:00 that day. Users can participate with stablecoins across several major blockchains, avoiding the need for a conventional U.S. brokerage account and cross-border funding. Available information does not disclose the minimum subscription amount, total funds raised or the date of SpaceX’s formal IPO.
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The history behind this eventTokenized SpaceX Stock to Debut on Solana the Day Shares Go Public
SpaceX is planning to raise $75 billion in what would be the largest IPO on record, targeting a valuation of $1.8 trillion. Backpack Securities will tokenize its shares as SPCX, using Solana to connect traditional brokerage accounts with blockchain markets and allow investors to move assets between the two systems.
SPCX is scheduled to begin trading on Solana the same day SpaceX lists on Nasdaq, though the exact listing date has not been announced. Reports say Solana already accounts for about 98% of on-chain trading in SpaceX. The simultaneous launch would make it the primary trading network and test a model for moving publicly listed shares across markets.
Bitget Launches SpaceX-Linked Pre-IPO Tokenized Product preSPAX
SpaceX, founded by Elon Musk in 2002, has expanded the space market through reusable rockets and Starlink. Bitget’s IPO Prime brings exposure to private investments onchain, lowering the barrier for retail investors. However, preSPAX is not SpaceX stock. It is a tokenized debt instrument issued by Republic and linked to SpaceX’s post-listing returns, with no involvement from SpaceX in the issuance.
Bitget launched IPO Prime on April 14, 2026. Subscriptions for preSPAX run from April 18 to 21 UTC, with trading beginning on April 21. The initial offering comprises 94,000 tokens priced at $650 each, for a total value of $61.1 million, based on a $1.5 trillion valuation for SpaceX. The minimum individual investment is $100, while the platform’s commitment is capped at $1 billion.
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