SPACEX, issued by PreStocks, is a tokenized pre-IPO stock token that provides economic exposure to the implied private market valuation of the underlying company through Special Purpose Vehicle (SPV) structures holding exposure to its shares [S1][S2].

Each token tracks the implied valuation of Space Exploration Technologies Corp. (SpaceX), an unlisted private company, and is stated to be 1:1 backed by SPV exposure to the underlying shares [S1][S2]. The token confers no dividend or other economic rights beyond price tracking, and pricing is maintained through market arbitrage between the token and the underlying secondary-market value [S1][S3][S4]. PreStocks charges no management or performance fees and applies no minimum, while a one-time fee applies to mint and redeem [S4].

PreStocks identifies itself only as PreStocks and discloses no registered legal entity [S1]. It expressly disclaims being a broker-dealer, investment advisor, exchange operator, transfer agent, custodian, virtual asset service provider, or similar regulated entity [S1][S3]. The token confers no ownership, voting, dividend, information, or other legal rights and is not affiliated with or endorsed by the referenced company [S1][S3]. Tokens are not available to U.S. persons or other ineligible persons [S1][S3]. Holders may sell on Solana decentralized exchanges, while mint and redeem are KYC-gated; tokens must be swapped into a successor token before 11:59pm UTC on 12 March 2027 or expire worthless [S2][S4].

Tokens are issued on Solana using the SPL token standard and trade on Solana decentralized exchanges such as Jupiter [S1][S5][S4]. PreStocks, via SPVs, acquires share exposure and wraps it into tokens, with minting and redemption KYC-gated and aligned to the underlying valuation through arbitrage [S2][S4]. The issuer advertises instant onchain settlement, with transparency referenced through third-party attestation reports [S2][S4].

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  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://prestocks.com/" },
    { id: "S2", url: "https://prestocks.com/spacex" },
    { id: "S3", url: "https://prestocks.com/openai" },
    { id: "S4", url: "https://newsletter.prestocks.com/p/prestocks-are-live-trade-spacex-openai" },
    { id: "S5", url: "https://prestocks.com/anthropic" },
  ]}
/>


Tokenized stocks

PreStocks operates through SPVs that acquire actual shares in private companies on secondary markets. SPL tokens are minted on Solana representing proportional non-voting economic interest in each SPV. Tokens trade 24/7 on DEXes like Jupiter, Raydium, and Meteora. Pricing is maintained via arbitrage: when token price drifts from NAV, traders mint or redeem tokens to close the gap. Minting and redemption require KYC; secondary trading does not. The platform is regulated under Regulation S and is not available in the US.

PreStocks tokenizes pre-IPO company stocks through SPV-backed Solana tokens, giving users 24/7 access to private companies like SpaceX, OpenAI, and Anthropic with no minimums and no management fees. Each token represents economic exposure to a private company via a Special Purpose Vehicle (SPV) that holds actual equity. The platform rebranded from PrePO and migrated to Solana in August 2025.

PreStocks was founded by Xavier Ekkel, a former software engineer at Canva. The platform is backed by Alliance DAO and funded by Republic Capital.

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Real-world asset (RWA) issuers

PreStocks

SpaceX PreStocks (SPACEX) is a token tracking SPCX shares, backed by dedicated collateral.

Each token tracks one underlying share, carries no dividend entitlement, and carries no voting rights.

The collateral assets are audited by BlockOffice Pte. Ltd.

Holder terms are governed by the law of the British Virgin Islands, with disputes heard in the United Kingdom.

SPACEX has been issued on Solana as a SPL Token-2022 token since September 2025.

PreStocks SpaceXSPACEX

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