GATE LAUNCHES ITS FIRST EVER PRE-IPO PRODUCT WITH SPACEX GIVING RETAIL INVESTORS ACCESS TO THE MOST ANTICIPATED LISTING IN FINANCIAL HISTORY

Gate has officially launched its Pre-IPOs platform, and the first project it has selected to debut this entirely new product category is SpaceX, the aerospace and satellite company led by Elon Musk, through a dedicated digital subscription asset note called SPCX. This is the first time Gate has offered any Pre-IPO product in its 13-year history, and the choice to open that category with SpaceX a company targeting what would be the largest initial public offering in the history of financial markets is a deliberate statement about Gate's direction as a multi-asset platform operating at the intersection of crypto and traditional capital markets. For users who have watched the SpaceX IPO discussion build for months without any accessible way to participate before the formal listing, Gate's Pre-IPOs mechanism now offers that participation window.

WHAT GATE PRE-IPOS IS AND HOW IT WORKS

Gate Pre-IPOs is described as a digital subscription mechanism that focuses on early participation opportunities for high-quality companies before their formal IPO enters the public market. The product is not a traditional equity purchase and does not represent direct share ownership in the listed company. Instead, when a user subscribes during the designated window, they receive an asset certificate in this case named SPCX that represents a tokenized exposure to SpaceX's pre-market valuation. The SPCX asset certificate is 100% unlocked upon distribution, meaning there are no vesting schedules or lock-up periods applied to the tokens after they are issued. The certificates are eligible for pre-market trading on Gate's platform immediately upon distribution, allowing holders to trade their position before SpaceX completes its formal stock market listing. Gate has also launched SPACEXUSDT perpetual contracts under Gate Stocks to facilitate price discovery and market-based pricing for SpaceX shares ahead of the IPO, allowing futures traders to take positions on SpaceX's valuation trajectory even before the subscription round closes.

SUBSCRIPTION DETAILS DATES, CURRENCIES, AND DISTRIBUTION

The subscription window for SPCX opens on April 20, 2026 at 10:00 UTC and closes on April 22, 2026 at 10:00 UTC, giving participants a 48-hour window to subscribe. Both USDT and GUSD are accepted as subscription currencies, making the product accessible to Gate's full user base regardless of which stablecoin they hold. Following the close of subscriptions, SPCX asset certificates are expected to be distributed by 18:00 on May 6, 2026 UTC plus 8 hours, with 100% of the subscribed allocation unlocked and available for pre-market trading on Gate's platform from that point forward.

WHY SPACEX AND WHY NOW THE IPO CONTEXT

SpaceX's IPO is shaping up to be one of the most consequential financial events of 2026. According to reporting from CNBC and Reuters in April 2026, SpaceX has outlined IPO details to a team of 21 investment banks and is targeting a roadshow launch during the week of June 8, 2026. The company plans to host 1,500 retail investors at a major investor event on June 11, 2026, following the roadshow. One of SpaceX's lead underwriters reportedly told the banking group that the retail demand and allocation will be something they have never seen before in an IPO process. PitchBook projects SpaceX could raise between $50 billion and $75 billion in the offering, with a target valuation of approximately $1.75 trillion figures that would set all-time records for both IPO size and company valuation at the time of listing. For context, the current U.S. government Strategic Bitcoin Reserve holds 328,372 BTC worth approximately $24.5 billion SpaceX's IPO is projected to raise two to three times that amount in a single offering. SpaceX also holds more than $600 million in Bitcoin on its balance sheet, making it the fourth-largest known corporate Bitcoin holder, a detail that connects the SpaceX story directly to crypto market participants.

THE STRATEGIC SIGNIFICANCE FOR GATE

Gate's decision to launch Pre-IPOs with SpaceX as the debut product reflects the platform's broader iWeb3 strategy announced during its 13th Anniversary Global Celebration in April 2026. The platform has been building toward multi-asset financial infrastructure that bridges crypto and traditional markets, including the existing TradFi section which covers tokenized stocks, metals, indices, foreign exchange, and commodities. Pre-IPOs as a product category extends that infrastructure further upstream into the pre-public phase of the most valuable private companies in the world. By giving its 50 million registered users access to SpaceX exposure before the June 2026 IPO roadshow even launches, Gate is creating a participation mechanism that was previously available only to institutional investors, venture funds, or high-net-worth individuals with access to secondary private market platforms.

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