Bitget rolls out SpaceX-linked pre-IPO proxy with Republic
Burns Brief
Bitget’s IPO Prime will debut with preSPAX, a Republic-issued token tied to SpaceX’s post-IPO performance rather than direct ownership of the company’s shares Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
Bitget’s IPO Prime will debut with preSPAX, a Republic-issued token tied to SpaceX’s post-IPO performance rather than direct ownership of the company’s shares.
Key Takeaways
- Bitget’s IPO Prime will debut with preSPAX, a Republic-issued token tied to SpaceX’s post-IPO performance rather than direct ownership of the company’s shares