Bitget IPO Prime launches with preSPAX token sale at $650, implying $1.5T SpaceX valuation.

Bitget has opened subscriptions for preSPAX, the debut listing on its newly launched IPO Prime token sale platform. Each preSPAX token is priced at $650, with the sale implying a $1.5 trillion valuation for SpaceX — putting it in line with some of the more bullish private-market estimates circulating for the aerospace giant.

The sale accepts USDT and USDGO as commit tokens, with the subscription window closing April 21 at 06:00 UTC. IPO Prime is a product Bitget rolled out this April, positioning the exchange as a venue for tokenized exposure to high-profile private companies ahead of any conventional public listing.