Key Takeaways:
Cryptocurrency exchange MEXC opened a subscription for 7,700 tokenized pre-IPO SpaceX-linked assets on May 20, offering them at a price of 650 USDT per unit. The move aims to give retail investors exposure to the highly anticipated public offering of Elon Musk’s rocket company.
"For pre-IPO investing, retail investors often do not lack the ability to recognize value; rather, they lack suitable access channels," Vugar Usi, CEO at MEXC, said. "By applying 0-fee trading across crypto assets, tokenized assets, and pre-IPO opportunities, MEXC is further lowering participation barriers."
The offering, structured as a token named SPACEX(PRE), has a total supply of 7,700 units available for subscription until May 21 at 8:00 UTC. According to the exchange, both the initial subscription and later spot trading will have zero transaction fees. The tokens will be fully tradable with no lock-up period after the subscription window closes. MEXC clarified that the token is an instrument linked to SpaceX's enterprise value and does not represent direct equity ownership.
This launch comes as SpaceX, recently valued at $1.25 trillion after merging with Musk’s xAI startup, moves closer to a public listing. The company has reportedly selected Goldman Sachs to lead its IPO, with a prospectus potentially being filed this week. The offering from MEXC, which serves over 40 million users, provides a new avenue for retail participation in what is expected to be a record-setting market debut.
This article is for informational purposes only and does not constitute investment advice.
