WaterX Sold Out Its First SpaceX Pre-IPO Allocation in Under an Hour on Sui - Decrypt

Cayman Islands, Cayman Islands, 7th June 2026, ChainwireBy ChainwireJun 7, 20263 min readCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.Cayman Islands, Cayman Islands, June 7th, 2026, ChainwireWaterX opened its first SpaceX (SPCX) pre-IPO allocation on a first-come, first-served basis, and it sold out in under 50 minutes. It is the first pre-IPO allocation sale ever held on Sui, and one of the first opportunities on-chain investors have been able to take direct pre-listing exposure to a top-tier private company like SpaceX.For Sui, that demand pattern matters beyond this round. It suggests that private-market exposure is a category the network can support. Capital is likely to move when the right asset appears, and pre-IPO access is becoming a more tangible opportunity for Sui.First Round Structure

Asset: SpaceX (SPCX)

Indicative valuation: $1.75–2.0 trillion (set ~1 day before IPO, range may move)

Estimated IPO: June 12, 2026 (subject to change)

Lock-up: None per current guidance