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The gap is the product. Not advice.

PreFair provides economic data, not investment advice. Tokenized private-company exposure is speculative, may be illiquid, and can lose all value. Nothing here is a recommendation to buy, sell, or hold.

PREFAIR / LIVE DATA / SOURCES: PRESTOCKS API, TESSERA PUBLIC API

Route 2, company

One company, opened up

Every figure shows the field it came from, so the comparison stays honest. Then the planner turns the gap into a route for your amount.

Two marks for one company, drawn to scale

SpaceX

Back to board

Venue disagreement

TesseraMark valuation$800B

PreStocksMark valuation$2.08T

ComputedMark to mark spread+161%

Effective entry cost

TesseraMark valuation$800B

TesseraMark per T-Token$423.00

TesseraEffective entry valuation$800B

PreStocksMark valuation$2.08T

PreStocksToken market price$114.83

PreStocksToken mark price$158.98

PreStocksMarket premium over own mark-27.8%

PreStocksEffective entry valuation$1.51T

ComputedEffective total gap+88%

Buying on PreStocks means entering at about $1.51T in company value versus about $800B on the other venue, a 88 percent higher entry.

On Solana

PreStockssupply: 43,712 tokens

PreANxuXjsy2pvisWWMNB6YaJNzr7681wJJr2rHsfTh

Swap on Jupiter View on Solscan

Tesserasupply: 1,190 tokens

TSPXcLV76s6V2zDiZQ18kBfcbnjaE2ZzNT3ga2Pd99v

Swap on Jupiter View on Solscan

READ 2026-10-03 06:50:28 UTC / LIVE

Amount

Assumed exit company valuation, in $B

Your assumption, not a forecast.

Venue to enter

Entering on Tessera buys SpaceX at an effective entry of $800B in company value.

Tessera entry

$800B

PreStocks entry

$1.51T

Tessera multiple

1.44x

PreStocks multiple

0.77x

Tessera payoff / better route

$1,441

PreStocks payoff

$766

This assumes each token tracks the company valuation proportionally, and ignores fees, liquidity, and the legal difference between the tokens.

Open on Tessera

Not arbitrage. One token is SPV exposure, one is loan participation, with different legal claims and exit terms. Read the gap as a pricing signal, not free money.