Pre SpaceX PreIPO
Gain regulated, on-chain mirrored economic exposure to the world's most valuable private space technology company through DeShare's PreIPO program — before its public listing.
Project Overview
SpaceX (Space Exploration Technologies Corp.) was founded by Elon Musk in 2002 and has become the undisputed global leader in commercial spaceflight. Its core competitive advantage lies in its proprietary reusable rocket technology, which has fundamentally reduced launch costs and accelerated humanity's access to space.
SpaceX's core product portfolio includes:
- Falcon 9: The world's first orbital-class rocket to achieve first-stage booster recovery and reuse. It has completed hundreds of commercial missions, providing reliable launch services for both government and commercial customers.
- Dragon: The primary spacecraft for NASA's International Space Station cargo and crewed missions. It is currently the only active commercial spacecraft capable of both crewed and cargo operations.
- Starship: The next-generation fully reusable heavy-lift launch system currently under development. Designed to support lunar base construction and crewed Mars colonization, it is regarded as critical infrastructure for making humanity a multi-planetary species.
- Starlink: The world's largest satellite internet constellation, providing high-speed, low-latency internet access to underserved regions globally through thousands of low-Earth orbit satellites. It already serves millions of active subscribers.
Key Subscription Parameters
Below is a summary of the key subscription data for this PreIPO campaign:
How does PreIPO work?
PreIPO follows the same proven mechanism as previously issued IPO subscription assets on DeShare. The core principle is straightforward: the more you invest, the larger your allocated share.
Connect Wallet & Prepare Funds
Connect your Web3 wallet (e.g., MetaMask, Rabby, WalletConnect) and ensure it holds sufficient USDT or USDC stablecoins for subscription.
Submit Subscription
Select your desired subscription amount on the campaign page and confirm the transaction. DeShare's audited smart contract will automatically lock your stablecoins and process the allocation. Each user's investment is subject to individual investment limits.
Token Allocation
Like previous PreIPO assets on DeShare, the system allocates tokens to users through a lottery system. Any unallocated portion, along with the subscription fee, will be directly refunded to your original wallet.
Hold or Trade
Successfully allocated PreSPX tokens can be held in your wallet to await final settlement, or traded on the OTC market that opens following the distribution period.
Fee Structure
We are committed to complete fee transparency. Below is a breakdown of all fees associated with this campaign:
| Fee Type | Rate | When Charged | Description |
|---|---|---|---|
| Subscription Fee | Included in 5% | At time of purchase | Covers the platform service fee and the management fee of the underlying fund. Deducted as a single charge at the point of subscription. |
| Performance Carry | 15% | At settlement | A performance-based fee charged only on profits generated. Deducted by the underlying fund at the time of final asset settlement or redemption. No carry is charged if no profit is realized. |
Trading & Settlement
The complete lifecycle of PreSPX tokens encompasses the following stages:
Phase 1: Open Trading (Post-Distribution)
Once the PreIPO token distribution is complete, PreSPX tokens become freely transferable. Users may buy and sell PreSPX on the over-the-counter (OTC) market that opens following the allocation, subject to platform trading rules. Market prices are determined freely by supply and demand.
Phase 2: Final Settlement (Post Lock-Up Period)
After SpaceX officially goes public, the underlying debt assets are typically subject to a lock-up period of approximately 6 months. Once the lock-up period expires, the issuer will delegate Bitget to complete the final settlement according to the following terms:
- Price Reference: The real-time market trading price of SpaceX stock on the public secondary market serves as the settlement benchmark.
- Fee Deduction: The 15% performance carry is deducted from the settlement amount (applied only to the profit portion).
- Settlement Form: Users may receive their proceeds proportionally in the form of equity tokens or USDT, as specified in the subscription agreement.
📄 Final settlement terms are subject to the subscription agreement signed by the user.
⚠️ Important Terms & Risk Disclosure
- Nature of Rights: PreSPX represents only a mirrored economic interest in SpaceX's post-IPO performance. It does not constitute a direct investment in, or ownership of, SpaceX equity.
- Non-Affiliation Disclaimer: There is no legal relationship between PreSPX and SpaceX. SpaceX has not endorsed, approved, or authorized this product in any way. This offering is not associated with SpaceX, Inc. or any of its affiliates.
- Jurisdictional Restrictions: This campaign is available only in select markets and is not open to residents of the United States, Mainland China, or other restricted jurisdictions. Users are responsible for confirming their eligibility based on their jurisdiction of residence.
- Investment Risk: All investments carry risk, including but not limited to the total or partial loss of principal. The value of PreSPX is subject to market volatility, the progress of SpaceX's IPO, and broader macroeconomic conditions. Past performance is not indicative of future results.
- Liquidity Risk: PreSPX may experience limited secondary market liquidity prior to the expiration of the lock-up period. Participants should be prepared for a potentially extended holding period.