Gate, a leading global digital asset trading platform, announced… Launch of first IPO offering, featuring SpaceX (SPCX). Pre-IPO is a digital subscription framework introduced by Gate, which makes it easier for users to make plans in advance and track the value of target enterprises before they enter the open market, to seize the opportunities that IPOs bring to enterprises without cumbersome account opening or high capital thresholds.
Subscription to SpaceX (SPCX) will be open from April 20, 2026, 10:00 AM until April 22, 2026, 10:00 AM (UTC), with both USDT and GUSD supported. Upon completion of the subscription, the SPCX Asset Warrant will be distributed by May 6, 10:00 (UTC), and will be available for pre-market trading on the platform with a full open.
The SPCX Asset Note is a mirror note issued prior to SpaceX’s IPO and is designed to track and reflect SpaceX’s market capitalization before and after its public listing. It is structured as an “Emergency Compensation Payment Note.” By taking SpaceX shares in the market to hedge its position, Gate provides users with various exit strategies or long-term holding options that are consistent with the fair market value of the target organization. The total subscription allocation for this offering is 33,900 SPCX, representing an approximate total value of $20,001 million. The subscription price for one SPCX is $590, which implies a valuation of about $1.4 trillion.
Regarding the allocation methodology, the pre-IPO mechanism adopts an “average amount locked per hour” model. Users who participate early and maintain longer lock-in periods receive a higher allocation weight in the overall subscription. After the subscription period, SPCX will support 7 x 24 pre-market trading, providing a flexible transfer and exit mechanism; Users can exit either through the exclusive page with the real-time market value of the stock before the lock-up period, or choose to exit through the pre-market at a favorable price. In addition, the minimum participation in this subscription is only $100, without asset management fees, commission fees or any other fees.
In parallel, Gate offers an exclusive VIP airdrop campaign, giving VIP 5 or above users and Affiliate Ultras access to SPCX rewards and additional free airdrops.
As digital asset platforms continue to expand towards multi-asset and cross-market integration, the IPO launch and introduction of SpaceX (SPCX) represents 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 the portal
Gate, founded by Dr. Han in 2013, is one of the oldest cryptocurrency exchanges in the world. The platform serves over 51 million users with over 4,500 digital assets and pioneered the industry’s first 100% proof of reserves. In addition to core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, Gate for AI and other innovative solutions.
For more information, please visit: Website | X | cable | LinkedIn | Instagram | YouTube
Disclaimer:
This content does not constitute an offer, solicitation or recommendation. You should always seek independent professional advice before making investment decisions. The Portal may restrict or block certain Services in specific jurisdictions. For more information, please read User Agreement.
this post SpaceX Project IPO Portal (SPCX) Is Now Live: Signups Open in USDT/GUSD with 100% Distribution Open appeared first on BeInCrypto.
