Bitget Wallet's SpaceX IPO Subscription Surges to $13M in Record 30 Minutes

Bitget Wallet reported that its tokenized SpaceX IPO subscription closed 4x oversubscribed within 30 minutes, expanding from an initial $3 million allocation to $13 million in commitments. This surge in demand indicates strong capital conviction among self-custodial wallet users seeking direct on-chain access to high-profile public listings.

The subscription opened on June 9 and was available to all Bitget Wallet users with no account tier or status requirements, with entry starting at $10. All $13 million in commitments were made using USDT and USDC directly from self-custodial wallets on the Solana blockchain.

'The speed and scale of demand here reflects something the traditional IPO system was never designed to accommodate,' said Alvin Kan, COO of Bitget Wallet. 'Self-custodial wallets are becoming a serious channel for capital markets access.'

The result points to a distinct segment of the capital markets: users who hold meaningful on-chain assets and want direct exposure to high-profile listings without routing through a broker or exchange.