Bitget Wallet Opens Tokenized IPO Subscription for SpaceX, Starting at $10 with No Threshold

Odaily reports that Bitget Wallet has opened its first subscription for SPCXx, a tokenized stock for the SpaceX IPO, with a total quota of $3 million, a minimum purchase of $10, and a maximum of $5,000 per individual, available on a first-come, first-served basis.

SPCXx is issued by the tokenized stock trading platform xStocks at a subscription price of $135, with underwriters charging an additional 5% fee. Subscriptions open at 16:00 Beijing time on June 9 and close at 16:00 on June 11. After the subscription period ends, SPCXx will be automatically sent to users' wallets, with distribution expected to be completed by 20:30 on June 12. This subscription requires no overseas brokerage/exchange account, VIP level, or holding threshold. Users can make direct payments using stablecoins such as USDT and USDC on Base, Ethereum, BNB Chain, Solana, and TRON.

The tokenized SpaceX IPO operates through xStocks, in partnership between Bitget Wallet and Backed. The tokenized stocks issued are fully backed by underlying assets on a 1:1 basis by Backed. It is important to note that the current subscription price of $135 is not a fixed offering price; the final IPO price will be determined by the issuer and underwriters after comprehensively assessing order book demand, market conditions, and valuation factors. During the subscription period, users will typically only see a reference price range, with the final offering price determined closer to the listing date. According to Reuters, the SpaceX IPO is scheduled to be listed on the Nasdaq on June 12 under the ticker SPCX, with plans to issue 555.6 million shares and raise approximately $75 billion.