Gate, a leading global digital asset trading platform, has announced the launch of its first Pre-IPOs offering, featuring SpaceX (SPCX). Pre-IPOs is a digital subscription framework introduced by Gate, facilitating users to lay out plans in advance and track the value of target enterprises before they enter the open market, to seize the opportunities brought by the enterprise IPOs without cumbersome account opening or high capital thresholds.
The subscription for SpaceX (SPCX) will be open from April 20, 2026, 10:00 to April 22, 2026, 10:00 (UTC), with support for both USDT and GUSD. Upon completion of the subscription, the SPCX asset note will be distributed by May 6, 10:00 (UTC), and made available for pre-market trading on the platform with full unlock.
The SPCX asset note is a Mirror Note issued before the SpaceX IPO, designed to track and mirror the market value of SpaceX both before and after its public listing. It is structured as a “Contingent Payout Note”. By acquiring SpaceX stock exposure in the market to hedge its position, Gate provides users with various exit strategies or long-term holding options that align with the fair market value of the target enterprise. The total subscription allocation for this offering is 33,900 SPCX, representing an approximate total value of $20.001 million. The subscription price of one SPCX is $590, implying a valuation of approximately $1.4 trillion.
In terms of allocation methodology, the Pre-IPOs mechanism adopts an “hourly average locked amount” model. Users who participate earlier and maintain longer lock-up durations receive a higher allocation weighting in the overall subscription. After the subscription period, SPCX will support 7×24 pre-market trading, providing a flexible transfer and exit mechanism; users can exit either through the exclusive page at the real-time market value of the stock before the lock-up period, or choose to exit through the pre-market at an appropriate price. In addition, the minimum participation threshold for this subscription is only 100 USDT, with no asset management fees, commission fees, or other charges.
In parallel, Gate is introducing a VIP-exclusive airdrop campaign, granting VIP 5 or above users and Affiliate Ultras to receive SPCX rewards and additional free airdrops.
As digital asset platforms continue to expand toward multi-asset and cross-market integration, the launch of Pre-IPOs and the introduction of SpaceX (SPCX) represent an extension of Gate’s product framework. The initiative reflects ongoing efforts to connect digital asset markets with traditional capital markets. Going forward, the platform plans to expand the range of underlying assets and product formats to support broader market access.
Learn more: https://www.gate.com/announcements/article/50724
About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 51 million users with 4,500+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, Gate for AI, and other innovative solutions.
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Disclaimer:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement.
The post Gate Pre-IPOs Debut Project SpaceX (SPCX) Now Live: Subscriptions Open in USDT/GUSD with 100% Unlock Distribution appeared first on BeInCrypto.
Source: https://beincrypto.com/gate-pre-ipo-spacex-spcx-live/