Independent community guide checked 30 Sep 2026
PreStocks, explained.
Pre-IPO tokens,
read closely.
PreStocks are Solana tokens that track the share price of private companies such as OpenAI, Anthropic and SpaceX. This guide covers what you actually get, what it costs, what happens at an IPO, and how to check every claim yourself.
Not affiliated with PreStocks, and nothing here is financial advice. PreStocks are not available in the U.S., to U.S. persons, or in the other jurisdictions PreStocks' terms prohibit.
PreStocks · fact sheet
Tokenized pre-IPO stocks · independent summary
- Issuer
- PreStocks
- Chain
- Solana · Token-2022
- Tokens listed
- 9
- Trading
- 7
- Converting (SpaceX)
- 1
- Expired (xAI)
- 1
- Holders*
- 100K+
- Volume*
- $1.75B+
- Transfer fee
- 3% · SpaceX 1%
- KYC to trade
- None (DeFi)
- Rights
- Economic only
- U.S. persons
- Not eligible
*As reported on prestocks.com, Sep 2026. Everything else read from prestocks.com, its terms and the Solana chain on 30 Sep 2026.
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The token list
Nine mints,
one per company.
Every official PreStocks token, with its full mint address, status and the transfer fee it charged on 30 Sep 2026. Tickers aren't unique on Solana; the mint is. Each row links the company page on prestocks.com, the mint on Solscan and the token on Jupiter.
| Company | Sector | Listed | Status | Transfer fee | Mint (contract address) | Check it |
|---|---|---|---|---|---|---|
| AnthropicANTHROPIC | AI | Sep 2025 | Trading | 3% | Pren1FvFX6J3E4kXhJuCiAD5aDmGEb7qJRncwA8Lkhw | prestocks.com ↗Solscan ↗Jupiter ↗Attestation ↗ |
| OpenAIOPENAIDisplay multiplier 1.4861347 since 17 Jul 2026 | AI | Sep 2025 | Trading | 3% | PreweJYECqtQwBtpxHL171nL2K6umo692gTm7Q3rpgF | prestocks.com ↗Solscan ↗Jupiter ↗ |
| SpaceXSPACEXPublic since 12 Jun 2026: swap by 12 Mar 2027, 23:59 UTC | Aerospace | Sep 2025 | Converting | 1% | PreANxuXjsy2pvisWWMNB6YaJNzr7681wJJr2rHsfTh | prestocks.com ↗Solscan ↗Jupiter ↗Attestation ↗ |
| AndurilANDURIL | Defense | Sep 2025 | Trading | 3% | PresTj4Yc2bAR197Er7wz4UUKSfqt6FryBEdAriBoQB | prestocks.com ↗Solscan ↗Jupiter ↗ |
| KalshiKALSHI | Fintech | Jan 2026 | Trading | 3% | PreLWGkkeqG1s4HEfFZSy9moCrJ7btsHuUtfcCeoRua | prestocks.com ↗Solscan ↗Jupiter ↗Attestation ↗ |
| PolymarketPOLYMARKET | Fintech | Feb 2026 | Trading | 3% | Pre8AREmFPtoJFT8mQSXQLh56cwJmM7CFDRuoGBZiUP | prestocks.com ↗Solscan ↗Jupiter ↗Attestation ↗ |
| NeuralinkNEURALINK | Biotech | Apr 2026 | Trading | 3% | PrekqLJvJ3qVdXmBGDiexvwUTF4rLFDa6HWS4HJbw9S | prestocks.com ↗Solscan ↗Jupiter ↗ |
| Figure AIFIGUREAI | Robotics | Sep 2026 | Trading | 3% | PreZad18qfPtbxNpMtMuAuX2zVpvkEU8DnJx56faCWd | prestocks.com ↗Solscan ↗Jupiter ↗ |
| xAIXAIAcquired by SpaceX; conversion closed 12 Sep 2026 | AI | Sep 2025 | Expired | 0% | PreC1KtJ1sBPPqaeeqL6Qb15GTLCYVvyYEwxhdfTwfx | prestocks.com ↗Solscan ↗Jupiter ↗ |
Listed = when the token's first pool opened. Transfer fees are read from each mint and can change; check them yourself. All links: link.stonkbuilder.com/prestocks ↗
How it works
From a cap table
to your wallet.
PreStocks' description of the path, with the parts you can check and the parts you trust. The details, with sources, are in What is PreStocks? and Is PreStocks safe?
- 1Private companyShares, off-chain
- 2Holding entitiesSPVs and funds hold the exposure
- 3PreStocksMints a Token-2022 token per company
- 4Solana poolsOfficial liquidity on Meteora, routed by Jupiter
- 5Your walletEconomic exposure only
Arbitrage loop. When tokens trade above real-world prices, eligible arbitrageurs buy exposure off-chain, mint and sell; when they trade below, they buy on-chain and sell the matching exposure. Minting and redemption need KYC.
Before you trade
Seven questions
worth a minute each.
Each links to the article or tutorial that answers it properly.
- 1Are you eligible?No U.S. persons, 36 named jurisdictions, 18+ only.
- 2Is it the real mint?Every official mint starts with “Pre”. Compare all of it.
- 3What's the fee today?3% per transfer on most tokens on 30 Sep 2026, and it can change.
- 4How deep is the pool?Price impact grows with size; thin names move fast.
- 5Premium or discount?Compare the token price with the mark price.
- 6Any deadline coming?IPOs and mergers start a clock that ends in expiry.
- 7Who controls the token?One authority can mint, freeze, pause and move tokens.
Anthropic IPO
Anthropic, before
and after the IPO.
9 pages on what people search most: the IPO date, the stock price, how to get exposure and what happens to tokens at listing. Every claim is labelled confirmed or reported, with the date we checked.
- Anthropic IPO date: what's confirmed, and what's only reportedConfirmed vs reported, with the date we last checked.
- Anthropic's leaked S-1: revenue, losses, compute bills and control, explainedRevenue, losses and control, as reported.
- How to buy Anthropic stock: every route, in and outside the USEvery route to Anthropic exposure, and who can use it.
- Anthropic stock price: why every site shows a different numberFive numbers, five different things. None is a share price yet.
- Anthropic PreStocks (ANTHROPIC): the token, its fees, backing and risksThe token behind 'Anthropic stock' quotes, read on-chain.
- Anthropic says unapproved share sales are void: what it means for youWhat Anthropic's warning covers, in its own words.
- Anthropic valuation history: every round since 2025, from $61.5B to $965BEvery round Anthropic announced, and its own revenue figures.
- What happens to Anthropic tokens when Anthropic lists?Convert before the deadline, or the token expires.
- Is there a Claude stock? How to invest in the company behind ClaudeClaude is a product. Anthropic is the company, and it's private.
Company guides
One page per company,
stock or token.
7 guides for the companies people search by name: is it public, what is it worth, and what the matching PreStocks token is and isn't. Confirmed facts are kept apart from press reports.
- OpenAI stock: is OpenAI public, and what is the OPENAI token?IPO status, valuation and what the OPENAI token is.
- SpaceX stock (SPCX): lock-up dates, how to buy it and the SPACEX tokenSPCX facts, lock-up dates and the SPACEX token's deadline.
- Anduril stock: is Anduril public, what is it worth, and what is the ANDURIL token?IPO status, valuation and what the ANDURIL token is.
- Kalshi stock: is Kalshi public, what is it worth, and what is the KALSHI token?IPO status, valuation, the court fight and the KALSHI token.
- Polymarket stock: is Polymarket public, what is it worth, and what is the POLYMARKET token?IPO status, valuation and what the POLYMARKET token is.
- Neuralink stock: is Neuralink public, what is it worth, and what is the NEURALINK token?IPO status, last round and what the NEURALINK token is.
- Figure AI stock: is Figure AI public, what is it worth, and what is the FIGUREAI token?IPO status, last round and what the FIGUREAI token is.
Articles
10 articles,
every claim cited.
Plain-language explainers on how PreStocks work, what they cost and what happens when a company lists or is acquired, each with numbered sources.
- What is PreStocks? Tokenized pre-IPO stocks on Solana, explainedPre-IPO exposure as a Solana token: what you get, and what you don't.
- Is PreStocks safe? Backing, company warnings, attestations and issuer controlsWhat you can verify, and what you have to trust.
- PreStocks fees explained: the transfer fee and everything else you pay3% per transfer on most tokens: what a round trip really costs.
- What happens to PreStocks when a company goes public? The SpaceX playbookSplit, lockup discount, conversion, deadline: the whole IPO lifecycle.
- What happened to xAI PreStocks? Mergers, conversion ratios and deadlinesOne merger, one ratio, one deadline — and a token that expired.
- PreStocks premium, mark price and implied valuation, explainedToken price vs mark price: what a premium tells you.
- Who can buy PreStocks? Restricted countries, KYC and eligibility36 named jurisdictions, no U.S. persons, 18+ only.
- PreStocks contract addresses: the official token list and how to spot fakesAll nine official mints, and five checks against lookalikes.
- PreStocks vs other ways to get pre-IPO exposureMinimums, rights, liquidity and fees, side by side.
- PreStocks on StonkFun: memecoins paired with pre-IPO tokensCoins that trade against ANTHROPIC and pay rewards in it.
Tutorials
6 tutorials,
step by step.
From checking a mint to converting SpaceX PreStocks before the deadline, each with a worked example.
- How to buy PreStocks on Solana, step by stepEligibility, the right mint, the fee, then the swap.
- How to sell PreStocks and cash out to USDCSize against liquidity, the fee on the way out, and deadlines.
- How to verify a PreStocks token before you buyFive checks, two minutes, no lookalikes.
- How to check the PreStocks transfer feeRead the fee from the mint, not from a screenshot.
- How to read a PreStocks attestation reportWhat a report proves, what it doesn't, and how to check it.
- How to convert SpaceX PreStocks to SPCXx before the deadlineSwap SPACEX before 12 March 2027, 23:59 UTC.
On-chain controls
What the issuer
can do, in code.
Read from every PreStocks mint with getAccountInfo on 30 Sep 2026. One authority holds all of these powers on all nine mints.
| Control | What it allows | What it means for you |
|---|---|---|
| Mint authority | Create new tokens | Supply grows as PreStocks adds exposure; attestations are how you check it. |
| Freeze authority | Freeze any holder's token account | A frozen account can't sell or transfer. |
| Permanent delegate | Transfer or burn tokens from any account | The terms reserve forced transfers, burns and compulsory redemption. |
| Pausable | Stop every transfer of the token | Trading and exits halt while a token is paused. |
| Transfer fee | Withhold a share of every transfer | 3% on most tokens since 26 Sep 2026; a change starts two epochs after it's set. |
| Transfer hook | Run a program on every transfer | None is set today, but the authority can add one. |
| Scaled UI amount | Change how balances and prices display | Used for splits: SpaceX ×5 in June, OpenAI ×1.4861347 in July 2026. |
Authority: WV9PJN7XTmTLVwbutCLFxp8TyePee6Xq5mRq6Fti5Wc Check a mint on Solscan ↗
Timeline
A year of PreStocks,
dated and sourced.
Launches, the first IPO, the first merger and the arrival of transfer fees, each linked to where it was announced or recorded.
PreStocks launches on Solana with SpaceX, OpenAI, Anthropic, xAI and Anduril.
Yahoo Finance: Solana drives 78% share of pre-IPO tokens (Allium Labs, 4 Aug 2026) ↗ Anthropic PreStocks on Jupiter ↗
Kalshi and Polymarket join. After SpaceX acquires xAI, XAI becomes convertible into SPACEX.
Kalshi PreStocks on Jupiter ↗ Polymarket PreStocks on Jupiter ↗ SpaceX PreStocks: what happens after IPO (X, 7 Jun 2026) ↗
Trust Wallet opens a pre-IPO tab for PreStocks; Neuralink goes live.
PreStocks in Trust Wallet's pre-IPO tab (X, 16 Apr 2026) ↗ Neuralink PreStocks goes live (X, 17 Apr 2026) ↗
PreStocks says its trading volume has passed $1 billion.
Anthropic's and OpenAI's warnings that unapproved share transfers, including into SPVs, are void are widely reported; ANTHROPIC falls 34% and OPENAI 39% in a week.
TechCrunch: Anthropic warns investors against secondary platforms (12 May 2026) ↗ CoinDesk: Anthropic, OpenAI tokens plunge as AI firms say transfers are invalid (13 May 2026) ↗
PreStocks says its live tokens remain fully backed under its terms.
SpaceX lists on Nasdaq as SPCX at $135 a share; SPACEX shows the 5-for-1 split.
CNBC: SPCX closes at $161 after record debut (12 Jun 2026) ↗ SpaceX PreStocks reflects the 5-for-1 split (X, 12 Jun 2026) ↗
Attestation reports are published for SpaceX, Polymarket, Kalshi and Anthropic.
SpaceX PreStocks attestation report (17 Jun 2026) ↗ Anthropic PreStocks attestation report (24 Jul 2026) ↗
PreStocks gives OPENAI a 1.4861347 display multiplier, which it says reflects OpenAI's conversion to a public benefit corporation.
StonkFun partners with PreStocks and adds five more PreStocks as launch pairs; Anthropic already was one.
Figure AI goes live.
PreStocks adds USDC liquidity and announces transfer fees, starting at 0.5%.
PreStocks passes 100,000 holders.
The XAI conversion window closes; unconverted XAI expires.
Transfer fees rise to 1%, then to 3% on most tokens; SpaceX stays at 1%.
Anthropic PreStocks mint on Solscan (Token-2022 extensions) ↗ SpaceX PreStocks mint on Solscan ↗
Deadline to swap SPACEX into SPCXx or another token.
Risks
The other side
of the trade.
PreStocks' own disclaimer says the tokens are risky and may result in total loss. These are the risks worth understanding first.
- 01
No shareholder rights
PreStocks give economic exposure only: no ownership, voting, dividend or information rights, and no legal claim on the collateral behind them.
- 02
Issuer control
One authority can mint, freeze, pause, change fees and move or burn tokens in any account. The terms reserve freezes, forced transfers, burns and compulsory redemptions.
- 03
Counterparties you can't see
The holding entities are confidential. If one fails, is frozen or has defective title, what holders can recover may be reduced or eliminated.
- 04
Fees that change
A transfer fee applies to every move of the token and was 3% on most tokens on 30 Sep 2026. The terms let PreStocks change any fee at any time, including on tokens you already hold.
- 05
Liquidity and premiums
Pools can be thin, and tokens can trade well above or below the shares' secondary-market price. Large trades move the price.
- 06
Company transfer restrictions
Anthropic and OpenAI say share transfers they haven't approved, including into SPVs, are void or unauthorized; Anduril says board-unauthorized transfers of most employee stock are void. PreStocks tokens are backed through holding entities such as SPVs, and none of the three says it approved them.
- 07
Deadlines
An IPO or acquisition starts a conversion window. Tokens not converted in time expire worthless, as XAI did on 12 Sep 2026.
- 08
Regulation
PreStocks are not available to U.S. persons or in 36 named jurisdictions, and the rules can change. Using them from a restricted place breaches the terms.
- 09
Technology
Token-2022 programs, Solana itself, wallets and apps can fail or be exploited; a lost seed phrase can't be recovered.
FAQ
Questions,
answered plainly.
Where PreStocks' products or rules can change, prestocks.com and its terms are the source of truth.
Read PreStocks' FAQ ↗What are PreStocks?
PreStocks are Solana tokens, issued by PreStocks, that track the share price of private companies such as OpenAI, Anthropic, SpaceX and Anduril. Each token follows one company. They give economic exposure only, not shares.
Is holding PreStocks the same as owning shares?
No. PreStocks' FAQ says the tokens confer no ownership, voting, dividend, information or other legal rights, and they are not issued or endorsed by the companies they track.
Where can I buy PreStocks?
On Jupiter and the wallets and apps built on it, from a Solana wallet, if you're eligible. Start from the company page on prestocks.com so you get the official mint.
Are PreStocks available in the US?
No. They are not available in the United States, to U.S. persons, or in the 36 jurisdictions and sanctioned places named in PreStocks' terms, which include Singapore, mainland China and Russia.
Do I need KYC to buy PreStocks?
Not to trade: buying and selling on-chain in DeFi needs no KYC (identity checks). Minting and redeeming tokens directly with the issuer require eligibility checks and KYC.
How much are PreStocks fees?
There's no annual management fee, but every transfer pays a fee built into the token: 3% on most tokens and 1% on SpaceX on 30 Sep 2026. Pool fees, price impact and a tiny Solana network fee come on top, plus a refundable deposit of about 0.002 SOL the first time your wallet holds a new token.
What happens to PreStocks when the company goes public?
The token becomes convertible into an equivalent tokenized public stock, and holders have up to nine months after the IPO to convert. SpaceX PreStocks must be swapped by 11:59pm UTC on 12 March 2027.
What happened to xAI PreStocks?
SpaceX acquired xAI. XAI could be swapped into SpaceX PreStocks at 0.7165 per token until 12 September 2026; unconverted XAI expired worthless.
How do I know a PreStocks token is real?
Get the mint from the company page on prestocks.com and compare every character. Official mints start with “Pre”, use Token-2022 with 9 decimals and carry prestocks.com metadata.
What did Anthropic say about tokens like PreStocks?
Its Help Center says any transfer of its stock, or of any interest in it, that its board hasn't approved is void, that transfers to SPVs are void, and that tokenized offers of its shares may have no value. It doesn't name PreStocks. PreStocks said on 15 May 2026 that its live tokens remain fully backed under its terms.
Is this guide run by PreStocks?
No. It's an independent community guide by StonkBuilder, not affiliated with or endorsed by PreStocks. prestocks.com and PreStocks' terms are the source of truth.