The inaugural Gate Pre-IPOs project, SpaceX (SPCX), will conduct its first 20% stock unlock. Under SpaceX's phased stock-unlock mechanism following its IPO, the relevant shares will be released from restrictions ahead of schedule according to the company's actual arrangements and enter market circulation. According to the Gate Pre-IPOs Subscription Announcement, SPCX holders will gradually receive stock equity conversions in accordance with the relevant arrangements after the target company's actual shares are unlocked.
This unlock will be based on users' actual SPCX holdings at the time of the Spot Account snapshot, with 20% of the eligible equity converted into shares. The corresponding shares will be distributed directly to users' Gate Stock Accounts, where users can trade them at any time and choose to hold or sell based on their own strategy. Gate provides a seamless investment experience from Pre-IPOs pre-listing subscription and secondary market trading to stock unlock and direct U.S. stock trading.
About SPCX
The SPCX asset certificate is a Mirror Note before SpaceX's IPO, used to mirror SpaceX's market value before and after its listing, and is a "Contingent Payout Note." By obtaining hedge exposure to SpaceX stock in the market, Gate provides users with multiple exit options or long-term holding options consistent with the target company's fair market value.
This product is a Mirror Note and does not represent actual stocks or shares of SpaceX, nor does it represent any legal relationship between investors and SpaceX. This offering is not associated with SpaceX. SpaceX has not participated in, authorized, or endorsed this product or any content in its marketing materials. SpaceX will not receive any proceeds and has not provided any information to Gate.
First Batch Stock Unlock Arrangements
Total amount unlocked in the first batch: 33,900 SPCX (Based on the post-split quantity after the 1:5 stock split)
Unlock Ratio: 1:1
Stock unlock time: August 26, 2026, 12:00 (UTC)
Trading and Open Order Handling
To ensure the smooth completion of this share entitlement conversion, SPCX holders are advised to manage their SPCX market orders in advance:
If the available SPCX in a user's Spot Account is sufficient to complete this 20% unlock, no orders need to be canceled;
If the available SPCX amount is insufficient, the system will skip this unlock. Don't worry — any shares not unlocked in this round will be accumulated and gradually released in subsequent unlock rounds.
Please check your SPCX holdings and open orders in advance, and ensure that the SPCX used for this unlock is available and not placed in any open orders.
First Batch Stock Unlock Rules
This unlock is calculated based on the actual SPCX holdings in users' Spot Accounts at the time of the snapshot.
SPCX that users previously acquired through Pre-IPOs subscriptions and have not sold, as well as SPCX subsequently acquired through market trading, will be included in this unlock based on actual holdings at the time of the snapshot.
SPCX that has been sold is not included in this unlock.
This unlock covers shares equal to 20% of actual SPCX holdings at the time of the snapshot.
Upon completion of the stock unlock, the shares will be credited directly to users' Gate Stock Accounts. The stock view path:
Holdings corresponding to fewer than 0.01 shares are not eligible for this unlock.
Remaining entitlements not converted this time will continue to be processed according to subsequent unlock arrangements.
Subsequent Unlock Details
This is the first 20% stock unlock for SpaceX (SPCX). The remaining portion will be processed gradually based on the target company's subsequent actual stock unlock and conversion arrangements.
The relevant lock-up and exit timelines disclosed in the previous Gate Pre-IPOs subscription announcement were estimated arrangements. As the target company's actual unlock schedule may change according to its stock unlock mechanism, subsequent unlock times and proportions will be subject to the target company's actual arrangements and Gate's official announcements.
About Pre-IPOs
Pre-IPOs is a digital subscription mechanism launched by Gate that focuses on opportunities to track the early value of high-quality projects before they list. Before target companies enter public markets, users can position themselves early and track their value, capturing market opportunities arising from company performance before and after an IPO.
Go to Pre-IPOs Now
Disclaimer
This product is a Mirror Note and does not represent actual stocks or shares of SpaceX, nor does it represent any legal relationship between investors and SpaceX. This offering is not associated with SpaceX. SpaceX has not participated in, authorized, or endorsed this product or any content in its marketing materials. SpaceX will not receive any proceeds and has not provided any information to Gate.
This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit all or part of its services in restricted regions. Please read the User Agreement for more information.
Gate Team
August 25, 2026
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