vSPACEX is a pre-IPO token based on ItoVault 1.0. It intends to replicate the holding period return from owning a share of SpaceX from now until after the company IPOs. vSPACEX uses TWAP market prices from Uniswap as the primary price oracle to determine margins and liquidations. As such, the price feed is effectively 24/7, continuous to the resolution of hours, and based on actually tradable prices. To resist short squeezes, a liquidation challenge mechanism is available to vault owners when TWAP prices are substantially higher than underlying share transaction prices in private markets. vSPACEX aims to adjust for as many corporate events as feasible.