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Low Barrier to Entry Investment in SpaceX, ByteDance: McIntosh MSX Teams Up with Republic to Launch Global Top Unicorn Investment New Era

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Minimum 10U, Sharing Pre-IPO Growth Upside of Unicorns such as SpaceX, ByteDance

Article Source: MSX

In 2026, the ordinary user's "Pre-IPO" opportunity has arrived.

For a long time, equity in global top-tier unicorns such as SpaceX and ByteDance has been a privilege reserved for a few elite venture capital firms and billionaires, creating a "private club" atmosphere where regular investors could hardly share the early-stage growth benefits of these companies before their IPO.

Today, this situation has been completely disrupted.

The Wheat Exchange (MSX) has officially launched the "Pre-IPO" Zone. This zone is built on a strategic partnership structure between MSX and the U.S.-based compliant private securities platform Republic. Through asset tokenization, the equity stakes of private companies are brought into an on-chain structure, with the initial first batch open for purchase including SpaceX, ByteDance, Lambda Labs, and Cerebras Systems, thus initiating the democratization process of asset ownership.

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

It is well known that private equity (Pre-IPO) in top-tier private companies usually represents high return potential but is mainly open to institutional investors and high-net-worth individuals. The high minimum investment amount often in the hundreds of thousands or even millions of dollars, along with strict investor qualification requirements, makes it difficult for the vast majority of ordinary investors to participate in this stage of a company's growth.

The "Pre-IPO" Zone launched by MSX is an innovative structural attempt conducted against this backdrop.

Through a strategic partnership with the U.S.-based compliant asset tokenization platform Republic, MSX, within a mature regulatory framework, structurally maps the pre-IPO equity held within compliant channels of private companies and presents it in a divisible on-chain token form. The underlying equity is held through a compliant framework and is custodied by a regulated third-party custodian.

Republic operates within the U.S. securities regulatory system and has previously supported tokenized stock projects for companies like SpaceX and OpenAI in Europe for Robinhood. This means that MSX's Pre-IPO Zone is not a simple "on-chain packaging" but rather an asset tokenization practice based on an existing compliant framework.

In simple terms, each token represents the economic rights to the underlying pre-IPO company equity and is held and custodied within a compliant structure.

In this structure, eligible users can participate in the allocation of pre-IPO company equity at a lower threshold (minimum of 10 USDT) – users receive tokens corresponding to the allocated equity after purchase and benefit from the appreciation of the underlying asset.

2. First Batch: Focus on Next-Gen Tech Giants

The first batch focuses on 4 of the world's top unlisted companies, each representing the forefront of their respective fields (specific amounts and rules are subject to platform announcements).

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

SpaceX, founded by Elon Musk in 2002, is the world's leading aerospace manufacturer and space transportation service provider. With its groundbreaking reusable rocket technology, SpaceX has completely disrupted the traditional aerospace industry's business model.

Additionally, its Starlink project is building the world's largest low-orbit satellite broadband network, achieving significant commercialization globally. The recent merger expectation with the AI company xAI has injected endless imagination into "Space + General Artificial Intelligence," solidifying its position as the global benchmark for the most valuable unlisted company.

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

As China's most globally influential internet technology giant, ByteDance has built phenomenon-level platforms such as TikTok, Douyin, and Toutiao with a powerful algorithmic recommendation engine. Its traffic ecosystem has not only reshaped the global digital advertising market but has also demonstrated strong monetization capabilities in short video e-commerce, local life, and other fields.

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

Then we have Lambda Labs, with an allocation of $1 million, 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 field, known as the "AWS of the AI era." In the current explosive growth of computing power demand, Lambda has attracted a large number of top AI startups with its AI developer-friendly ecosystem and flexible pricing strategy, positioning it in a golden growth period of soaring valuation.

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

Cerebras Systems is known for its Wafer-Scale Engine (WSE), which is the world's largest and most transistor-rich AI processor. In the context of a highly concentrated AI compute supply chain, Cerebras has secured multiple orders from supercomputing centers due to its unique advantages in computational density and energy efficiency, making it a highly scarce hardware alternative.

III. How to Participate?

This Pre-IPO allocation is open to MSX platform users, with different allocation calculation methods for platform veteran users (STONKS staking users/active users) and new users.

Each user only needs to log in to the MSX platform, use USDT to subscribe, with a minimum subscription amount of 10 USDT. The related fees include:

6% subscription fee (charged upon redemption);

1% annual management fee;

10% performance fee (only applicable to 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. In cases where the same user meets multiple conditions, the highest allocation rule will apply.

MSX will also gradually launch more high-quality unicorn Pre-IPO targets in stages, exploring technical paths to enhance share circulation efficiency within a compliance framework.

From breaking the threshold restrictions of US stock trading to now dismantling the walls of private equity, MSX is extending its asset allocation from the secondary market to primary market share participation, always committed to giving ordinary people the opportunity to share in the growth dividends of this era's most scarce high-quality assets.

In the future, MSX also hopes to provide a path for global users to participate in global high-quality assets through compliance structures and technological innovation.