#GateSpotDerivativesBothTop3

First Point — What is an Initial Public Offering (IPO)? (Foundation)
An Initial Public Offering (IPO) (Initial Public Offering) refers to a private company's first official sale of shares to the public on a stock exchange. It can be understood as a company's "going public." Historically, only wealthy investors, large institutions, and individuals from specific countries could obtain IPO shares before the listing. Ordinary retail investors were almost always excluded.
Second Point — What is Pre-IPO?
Pre-IPO is the stage before a company officially goes public. At this stage, the company's shares are not yet listed on any traditional stock exchange. Early investors (are typically venture capitalists, hedge funds, or high-net-worth individuals) purchase shares at a discounted valuation before the IPO — hoping the company's price will rise significantly after going public.
Gate has now digitized this concept and brought it to global retail crypto users.
Third Point — What exactly is Gate Pre-IPO?
Gate has officially launched a digital Pre-IPO participation mode at the following URL:
gate.com/ipos/waitlist
This means Gate allows ordinary users — you and me — to directly subscribe to major private company Pre-IPO projects (such as SpaceX) using stablecoins (USDT), without:
Opening a brokerage account
Minimum funds of hundreds of thousands of dollars
From specific countries
Through complex legal procedures
This mode is very similar to major over-the-counter (Over-The-Counter) markets but is simpler and digital.
Fourth Point — SpaceX Example (Launched Product)
Gate has launched the SPACEXUSDT perpetual contract (USDT-M), as its first Pre-IPO style product. Key information:
SpaceX was founded by Elon Musk in 2002 and has not yet gone public (IPO)
The contract is based on SpaceX's current Pre-IPO valuation
Valuation is in billions of dollars — if SpaceX's valuation is $800 billion, 1 "share" = $800
leverage: 1x to 10x
Supports long (buy) and short (sell) positions
Trading link: gate.com/futures/USDT/SPACEX_USDT
As of April 9, 2026, this product is live.
Fifth Point — Why is Gate launching this?
Gate has been expanding its traditional finance (Traditional Finance) segment — offering metals, stocks, indices, forex, and commodities. Pre-IPOs are the next natural step. The goal is clear:
Break down the three major old barriers:
1. Regional restrictions — access to IPO markets only in the US or EU
2. Identity/qualification requirements — only "qualified investors" can participate
3. Capital thresholds — requiring large funds to obtain Pre-IPO allocations
Gate has eliminated these three restrictions.
Sixth Point — For IPO investors (: What does this mean for you
If you understand traditional stock markets and IPOs:
You no longer need a Goldman Sachs account to access Pre-IPO rights
You can participate directly with USDT from your Gate account
The process is similar to OTC trading, meaning you subscribe at a set price before the official listing
If the company's valuation increases at listing, the value of your position will also rise
Risk warning: These are pre-market valuations. The company may not IPO as planned, or the IPO price may differ from expectations. Always view this as a high-risk, high-reward opportunity — no profit is guaranteed.
Seventh Point — For traders ): What does this mean for you
If you are an active cryptocurrency trader, this is a whole new asset class:
SPACEXUSDT perpetual contracts behave similarly to other futures contracts on Gate
If you believe SpaceX's valuation will increase before or after IPO, you can go long
If you expect valuation corrections or IPO delays to reduce demand, you can go short
Leverage up to 10x, so position size and risk management are crucial
Gate may dynamically adjust funding rates, minimum tick sizes, maximum leverage, and maintenance margin based on market conditions
Treat it as macro/traditional finance trading — news about SpaceX, Elon Musk, the space industry, and the US IPO market all become key price drivers
Eighth Point — How to participate (: Step-by-step guide)
Over-the-counter Pre-IPO subscription:
1. Visit gate.com/ipos/waitlist
2. Register your reservation