Bitget has introduced IPO Prime, a new market offering that provides tokenized pre-IPO exposure, with its inaugural product being preSPAX. This synthetic asset is linked to SpaceX's economic performance post-listing. Announced on Friday, the Seychelles-based exchange's product is powered by Republic, a platform specializing in tokenized private market access. The preSPAX token mirrors SpaceX's economic upside upon events like an IPO or acquisition but does not offer equity or ownership rights. The subscription window for preSPAX on Bitget is open from April 18 to April 21, with allocations based on VIP tier levels. The token will launch on April 21 and move to an over-the-counter market for continuous trading. This launch coincides with heightened speculation about a SpaceX IPO, following the company's confidential SEC filing targeting a June 2026 listing. Bitget CEO Gracy Chen highlighted IPO Prime as part of the exchange's Universal Exchange strategy, aiming to allow users earlier participation in company growth cycles.