Gate.io, a leading global digital asset trading platform, announced that its first Pre-IPOs offering, SpaceX (SPCX), is about to open for subscription. Pre-IPOs is Gate.io's digital subscription mechanism focuses on early participation opportunities for high-quality projects before their IPO, helping users to position themselves and track the value of target companies before they enter the public market. It eliminates the need for cumbersome account openings and high capital thresholds, allowing users to capitalize on market opportunities arising from pre- and post-IPO company performance.
The current SpaceX (SPCX) subscription will be open from 18:00 on April 20, 2026 to 18:00 on April 22, 2026 (UTC+8), supporting both USDT and GUSD. After the subscription is completed, SPCX asset certificates are expected to be distributed by 18:00 on May 6 (UTC+8) and will be 100% unlocked for pre-market trading on the platform.
SPCX asset certificates are mirror notes issued before SpaceX's IPO, used to mirror SpaceX's market value before and after its listing. They are a type of "contingent payout note." Gate provides users with multiple exit strategies or long-term holding options that align with the target company's fair market value by acquiring SpaceX stock exposure in the market. The total subscription amount was 33,900 SPCX, corresponding to a total value of approximately $20.001 million. The subscription price for 1 SPCX was $590, implying a valuation of approximately $1.4 trillion.
In terms of mechanism design, Pre-IPOs use "average locked-up amount per hour" as the allocation basis. The earlier a user participates and the longer the lock-up period, the higher their allocation weight in the overall subscription. After the subscription ends, SPCX will support 24/7 pre-market trading, providing a flexible transfer and exit mechanism. Users can exit before the lock-up period through a dedicated page at the real-time stock market value, or choose to exit through the pre-market at a suitable price. In addition, the minimum participation threshold for this subscription is only 100 USDT, and there are no hidden losses such as transaction fees, custody fees, or profit sharing.
At the same time, Gate also launched a VIP-exclusive airdrop event, where VIP 5 and above users and super agents can participate to receive SPCX rewards and get extra free airdrops.
As crypto platforms continue to evolve towards multi-asset and multi-market integration, Gate's launch of Pre-IPOs and SPCX not only represents a cutting-edge exploration in product form but also further solidifies its leading position in connecting the crypto market with traditional capital markets. In the future, the platform will continue to expand its offerings of high-quality assets and product formats, driving the industry towards a more open and efficient direction.
About Gate
Founded in 2013 by Dr. Han, Gate is one of the world's leading cryptocurrency trading platforms. The platform serves over 51 million users and supports trading in more than 4,500 crypto assets. As an industry benchmark, Gate was the first to achieve 100% proof of reserves, and its ecosystem encompasses diverse services such as Gate Wallet, Gate Ventures, and Gate for AI.
Disclaimer:
This content does not constitute an invitation, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or ban all or part of the service from restricted regions. Please read the User Agreement for more information, link: https://www.gate.com/zh/user-agreement
