Bitget Wallet has launched a token subscription for the upcoming SpaceX IPO, known as SPCXx, aimed at providing wider access to investment opportunities for its users. The subscription is available through xStocks, Payward’s framework for tokenized equities, and is open from June 9 to June 11, 2026. Token distribution is scheduled for June 12, coinciding with SpaceX’s anticipated debut on Nasdaq.
With a minimum entry of just $10, Bitget Wallet users can subscribe using stablecoins such as USDT or USDC without needing to transfer assets to a centralized exchange. This approach marks a significant shift from traditional IPO participation, which often requires users to maintain accounts on centralized platforms. Individual allocations range from $10 to $5,000, making the opportunity accessible to a broad audience.
Alvin Kan, the COO of Bitget Wallet, emphasized the transformative potential of blockchain technology in democratizing access to investments. “Most people have never had the chance to invest in a company at IPO price because the system wasn’t built for them,” Kan stated. He highlighted that the infrastructure provided by blockchain enables individuals holding stablecoins to invest in major public listings directly from their self-custodial wallets.
Val Gui, General Manager of xStocks, underscored the significance of the SpaceX IPO within tokenized markets, describing it as “proof of what they can deliver.” He noted that the integration with Bitget Wallet exemplifies their commitment to broadening access to capital markets. The SPCX tokens are fully collateralized and supported by actual SpaceX shares held in regulated custody, ensuring that they are not synthetic products.
SpaceX has set ambitious goals for its IPO, targeting a capital raise of around $75 billion with a valuation projected to exceed $1.75 trillion. Ahead of its public listing, the company has attracted an astounding estimated demand of $150 billion from investors. However, it’s important to note that while xStocks provide price exposure to the underlying equity, they do not grant holders any shareholder rights, such as voting or dividend privileges.
Bitget Wallet aims to simplify cryptocurrency management for its users, catering to over 90 million individuals worldwide. The platform not only allows users to trade and earn in crypto but also facilitates payments with crypto cards, paving the way for easier engagement with digital assets. As a self-custodial wallet, Bitget maintains no control over user funds or private keys, placing the emphasis on user security and privacy.
Since its inception in June 2025, xStocks has emerged as a leading player in the tokenized equity space. The platform aims to bridge traditional capital markets with blockchain technology by allowing seamless transactions among centralized exchanges, self-custodied wallets, and decentralized finance applications. As it continues to grow, xStocks is focused on expanding its reach and utility in the evolving landscape of tokenized financial markets.
