Low-Threshold Investment in SpaceX and ByteDance: MSX Partners with Republic to Usher in a New Era of Global Top Unicorn Investment

In 2026, the opportunity for "Pre-IPO" investing has arrived for ordinary users.

For a long time, equity in global top-tier unicorns like SpaceX and ByteDance has been a "private club" for a select few elite venture capital firms and billionaires. Ordinary investors had almost no way to share in the growth dividends of these companies before their IPOs.

Today, this landscape has been completely shattered.

Maitong MSX has officially launched its "Pre-IPO" zone. This zone is built upon the strategic cooperation framework between MSX and the US-compliant private securities platform Republic. Through asset tokenization, it introduces shares of unlisted companies into an on-chain structure. The first batch of offerings includes SpaceX, ByteDance, Lambda Labs, and Cerebras Systems, initiating a democratization process for asset ownership.

1. What is the "Pre-IPO" Zone?

As is well known, private equity (Pre-IPO) in top-tier unlisted companies typically signifies high return potential. However, it is primarily open to institutional investors and high-net-worth individuals. Minimum investment amounts often ranging from hundreds of thousands to millions of US dollars, coupled with strict investor qualification requirements, have made it difficult for the vast majority of ordinary investors to participate in this stage of corporate growth.

The "Pre-IPO" zone (https://msx.com/ipo) launched by Maitong MSX is precisely an innovative structural attempt made against this backdrop.

Through a strategic partnership with the US-compliant asset tokenization platform Republic, MSX, under a mature and compliant framework, structurally maps the equity interests in unlisted companies held through compliant channels and presents them in the form of divisible on-chain tokens. The underlying equity is held through a compliant structure and is custodied by regulated third-party custodians.

Republic itself operates under the US securities regulatory system and has previously provided structural support for projects like tokenized SpaceX and OpenAI shares launched by Robinhood in Europe. This means that MSX's Pre-IPO zone is not a simple "on-chain wrapper," but rather a practice of asset tokenization built upon an existing compliant framework.

In short, each token corresponds to the economic rights of the underlying unlisted company equity and is held and custodied within the compliant structure.

Under this structure, eligible users can participate in the allocation of equity shares in unlisted companies with a lower barrier to entry (minimum 10 USDT). Users receive tokens representing corresponding shares upon subscription and enjoy the benefits brought by the appreciation of the underlying assets.

2. The First Batch of Offerings: Focusing on the New Generation of Tech Giants

The first batch of Pre-IPO offerings covers 4 globally top-tier unlisted companies, each representing the cutting edge of their respective fields (specific allocation amounts and rules are subject to the platform's official announcement).

First is SpaceX, with an allocation of $3 million, a unit price of $607.65, and a valuation range of $1.25 trillion to $1.5 trillion.

Founded by Elon Musk in 2002, SpaceX is a global leader in aerospace manufacturing and space transportation services. Its pioneering reusable rocket technology has completely disrupted the business model of the traditional aerospace industry.

Furthermore, its Starlink project is building the world's largest low-earth orbit satellite broadband network, which has already achieved significant commercial monetization globally. Recent expectations of a merger with the AI company xAI have injected endless imagination into its "Space + AGI" potential, solidifying its position as a benchmark for the world's most valuable privately-held company.

Next is ByteDance, with an allocation of $2 million, a unit price of $219.38 per share, and a valuation range of $550 billion.

As China's most globally influential internet tech giant, ByteDance, with its powerful algorithm recommendation engine, has created phenomenal platforms like TikTok, Douyin, and Jinri Toutiao. Its traffic ecosystem has not only reshaped the global digital advertising market but also demonstrated strong monetization capabilities in areas like short-video e-commerce and local services.

As one of the world's highest-valued unlisted companies, ByteDance possesses robust cash flow and profitability that can weather economic cycles, making it one of the scarcest and most liquid high-quality core assets in the primary market.

Then comes Lambda Labs, with an allocation of $1 million, a unit price of $60.46 per share, and a valuation range of $11.05 billion.

Lambda Labs is the hottest GPU cloud computing provider in the AI infrastructure sector, hailed by the industry as the "AWS of the AI era." Amidst the explosive growth in computing power demand, Lambda, with its AI developer-friendly ecosystem and flexible pricing strategy, has attracted a large number of top AI startups and is in a golden growth period with soaring valuations.

Finally, Cerebras Systems, with an allocation of $500,000, a unit price of $100.35 per share, and a valuation range of $26.7 billion.

Cerebras Systems is renowned for its Wafer Scale Engine (WSE), the world's largest AI processor by area and transistor count. In the context of a highly concentrated AI computing power supply chain, Cerebras, with its unique advantages in computational density and energy efficiency, has secured multiple supercomputing center orders, becoming an extremely scarce hardware alternative.

3. How to Participate?

This Pre-IPO offering is open to MSX platform users. There are different allocation calculation methods for existing platform users (STONKS staking users/active users) and new users.

Each user simply needs to log into the MSX platform and use USDT to subscribe. The minimum subscription amount is 10 USDT. Related fees include:

• 6% subscription fee (charged upon redemption);
• 1% annual management fee;
• 10% performance fee (only on the profit portion);

It is important to note that the maximum allocation per user will be dynamically allocated based on factors such as their trading volume and staking amount. If a single user meets multiple conditions, the rule granting the highest allocation applies.

MSX will also gradually list more high-quality Pre-IPO unicorn offerings in phases and explore technical pathways to enhance the efficiency of share transfer within the compliant framework.

From breaking down the barriers to US stock trading to now dismantling the walls around private equity, MSX is extending its asset deployment from the secondary market to participation in primary market shares, consistently committed to enabling ordinary people to share in the growth dividends of this era's scarcest, highest-quality assets.

In the future, MSX also hopes to provide global users with pathways to participate in global high-quality assets through compliant structures and technological innovation.