Low-barrier investment in SpaceX: MetCorp MSX and Republic join forces to usher in a new paradigm for investing in global "top unicorns".

In 2026, the "Pre-IPO" opportunity for ordinary users will arrive.

For a long time, the equity of top global unicorns such as SpaceX and ByteDance has been a "private club" for a very small number of top venture capital firms and billionaires. Ordinary investors can hardly share in the growth dividends of this stage of the company before the IPO.

Today, this pattern has been completely broken.

MSX has officially launched its "Pre-IPO" zone, which is built on the strategic partnership between MSX and Republic, a compliant private securities platform in the United States. Through asset tokenization, it introduces the equity of unlisted companies into the on-chain structure. The first batch of projects open for subscription includes SpaceX, ByteDance, Lambda Labs, and Cerebras Systems, thus initiating the democratization of asset ownership.

I. What is the "Pre-IPO" section?

As is well known, private equity (pre-IPO) of top unlisted companies usually means high return potential, but it is mainly open to institutional investors and high-net-worth individuals. The minimum investment amount of hundreds of thousands or even millions of US dollars and the strict investor qualification requirements make it difficult for most ordinary investors to participate in the growth of companies at this stage.

The "Pre-IPO" zone launched by MSX (https://msx.com/ipo) is a structural innovation attempt made in this context.

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

Republic operates under the US securities regulatory system and has provided structural support for Robinhood's launch of tokenized stock projects for unlisted companies such as SpaceX and OpenAI in Europe. This means that MSX's Pre-IPO zone is not a simple "on-chain wrapper" but an asset tokenization practice based on the existing compliance framework.

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

Under this structure, eligible users can participate in the allocation of equity shares in unlisted companies with a low threshold (minimum 10 USDT) – users will receive tokens corresponding to their subscription and enjoy the benefits brought by the appreciation of the underlying assets.

II. First Batch of Targets: Focusing on Next-Generation Technology Giants

The first batch of Pre-IPO quotas covers four top global unlisted companies, each representing the forefront of their respective sectors (specific quotas and rules are subject to platform announcements).

First is SpaceX, which will receive a grant of $3 million, at a unit price of $607.65, with a valuation range of $1.25 trillion to $1.5 trillion.

Founded by Elon Musk in 2002, SpaceX is a leading global aerospace manufacturer and space transportation service provider, which has revolutionized the traditional aerospace industry’s business model with its groundbreaking reusable rocket technology.

Furthermore, its Starlink project is building the world's largest low-Earth orbit satellite broadband network and has achieved significant commercial monetization globally. The recent anticipated merger with artificial intelligence company xAI has injected endless possibilities into the "space + general artificial intelligence" concept, making it a benchmark for the world's most valuable privately held companies.

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

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

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

Then there's Lambda Labs, with an allocation of $1 million, a 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." With the explosive growth in computing power demand, Lambda has attracted a large number of top AI startups with its AI developer-friendly ecosystem and flexible pricing strategy, and is currently in a golden growth period of soaring valuation.

Finally, Cerebras Systems was allocated $500,000 at a price of $100.35 per share, with a valuation range of $26.7 billion.

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

III. How to participate?

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

Each user only needs to log in to the MSX platform and use USDT to make a purchase. The minimum purchase amount is 10 USDT. Related fees include:

• A 6% subscription fee (collected upon redemption);

• 1% annualized management fee;

• 10% performance fee (only for the profit portion);

It should be noted that the maximum limit for a single user will be dynamically allocated based on factors such as their transaction volume and collateral amount. If the same user meets multiple conditions, the maximum limit rule shall prevail.

MSX will also launch more high-quality pre-IPO unicorn targets in stages, and explore technical paths to improve the efficiency of share transfer within the compliance framework.

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

Looking ahead, MSX also hopes to provide global users with a pathway to participate in high-quality global assets through compliance structures and technological innovation.