Loading article…
Explore how platforms like MEXC and Bitget are offering tokenized assets linked to SpaceX ahead of its potential public listing and what investors should know.
Investors seeking exposure to SpaceX ahead of a potential public listing have seen the emergence of various tokenized instruments designed to track the company's valuation [1, 3]. These products, such as MEXC’s SPACEX(PRE) and Bitget’s preSPAX, allow participants to gain exposure to SpaceX’s enterprise value performance without holding direct equity in the aerospace firm [1, 3].
Key takeaways
The market for SpaceX-related assets has expanded as platforms attempt to bridge the gap for retail investors who typically face difficulty accessing pre-IPO opportunities [1]. MEXC’s Launchpad, which opened in May 2026, offered a total supply of 7,700 SPACEX(PRE) tokens [1]. The platform marketed these tokens as a way to gain exposure to SpaceX’s valuation activity with a lower entry threshold and zero transaction fees [1]. Similarly, the "IPO Prime" service from Bitget and Republic utilizes preSPAX digital assets on the Solana network to mirror the economic performance of SpaceX shares [3].
It is important to note that these tokens are distinct from actual company stock. MEXC explicitly states that its tokenized instrument does not represent direct equity ownership in SpaceX, Inc. [1]. Furthermore, these products are subject to specific geographic restrictions; for instance, US investors are ineligible to participate in the Bitget and Republic preSPAX offering [3].
While tokenized products track SpaceX's implied valuation, the company has been preparing for a formal public offering [2]. Reports indicate that SpaceX aims to raise $75 billion through the issuance of over 555 million shares at a price of $135 each [2]. This valuation places the company at a significant premium, with shares trading at approximately 92 times sales based on 12-month trailing revenue figures [2].
The high valuation has drawn comparisons to broader market metrics, such as the S&P 500’s average price-to-sales ratio of 3.7 [2]. While the company has earmarked a larger-than-average portion of its IPO shares for retail investors, analysts suggest that the current financial performance and high premium may present risks for those considering the stock at its initial offering price [2].
Coverage is mostly measured — 7 of 7 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
It is a tokenized synthetic asset that provides exposure to SpaceX through a partnership involving Republic and Bitget.
The token is available on centralized cryptocurrency exchanges, with Bitget and PumpSwap identified as platforms for trading.
The SpaceX (Republic Pre-IPO) token operates on the Solana blockchain.
Yes, the asset has undergone a 5-for-1 stock split and a rebranding from its original ticker, PRESPAX, to PRESPCX.
The rise of tokenized pre-IPO assets represents an effort by digital asset exchanges to provide retail investors with access to high-profile private companies [1, 3]. However, these instruments carry inherent risks, including market volatility and platform liquidity concerns [1]. As SpaceX moves toward a potential public listing, the discrepancy between the valuation of tokenized derivatives and the actual performance of the company’s stock remains a critical factor for market participants to monitor [1, 2]. Investors are advised to review official risk disclosures, as these products do not confer the legal protections or rights associated with traditional shareholder status [1].
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 12, 2026 · How we report