PANews reported on June 12 that Gate.com has completed the stock distribution for SpaceX (SPCX), the first project in its direct IPO pipeline. Users can check their SPCX stock assets in their stock accounts; any unallocated shares and remaining subscription funds have been automatically returned to their spot accounts. With the stock distribution complete, SPCX will subsequently enter the market trading phase according to the US IPO process.

Meanwhile, Gate is launching an exclusive benefits program for SpaceX (SPCX) subscribers, offering up to 200% annualized returns on designated USDT savings products, with additional rewards for holding USD1. The platform is also simultaneously launching a limited-time "SPCX Stock Launch Plan" event. During the event, users can receive a first-order reward for participating in stock trading, have a chance to win stock airdrops by sharing their SPCX holdings, and share a prize pool of 50,000 USDT worth of SPCX stocks by completing specified trading volumes and participating in a leaderboard competition.

Furthermore, Gate.com has launched a web-based stock trading platform, achieving full coverage across both its app and web platforms. Gate.com supports trading over 10,000 major US stock and ETF markets using USDT, covering major US stock exchanges such as the NYSE and Nasdaq, and supports fractional share trading starting from as low as 0.01 shares. With the launch of Direct IPO, Gate.com is gradually perfecting its product ecosystem covering pre-IPO, IPO, and stock trading, providing users with a more convenient one-stop global investment experience.