#GatePreIPOs首发SpaceX

In simple terms, the core of Gate's launch of the SpaceX product this time is turning "top private company equity that hasn't gone public yet" into a cryptocurrency asset that retail investors can afford to play with. But fundamentally, this isn't buying stocks; it's buying a kind of future "call option" or "valuation expectation."

What exactly is it?

Not real equity: The SPCX or contracts you buy do not represent ownership of SpaceX shares, do not grant voting rights, and do not participate in dividends. It’s more like a "token" or "certificate" that tracks SpaceX’s future IPO price.

Two ways to play:

Spot certificate (SPCX): Subscription opens on April 20, similar to a primary market IPO, with a low threshold of just 100 USDT, buying a "valuation expectation" for the future.

Perpetual contracts: Already launched, supporting 1-10x leverage, suitable for short-term market sentiment speculation, but highly sensitive to valuation fluctuations.

Why participate?

Very low threshold: Traditional private equity has very high entry barriers. Here, SpaceX is broken into pieces and sold, allowing retail investors to share a slice.

Price discovery: Before SpaceX’s official IPO, it provides the market with a transparent, real-time pricing reference, allowing you to bet on valuation rises and falls in advance.

Potential risks

Zeroing risk: If SpaceX ultimately abandons going public (IPO), or if an extreme black swan event occurs, the value basis of this certificate could collapse.