Gate Pre-IPOs First Project SpaceX (SPCX) Subscription Guide: Minimum participation of 100 USDT

The cryptocurrency industry is entering a milestone moment. On April 9, 2026, Gate officially opened its digital Pre-IPOs participation mechanism to more than 51 million users worldwide. Immediately after that, the subscription channel for Gate’s first Pre-IPOs project, SpaceX (SPCX), will open on April 20; the minimum requirement is only 100 USDT.

Why SpaceX? One of the Most Anticipated IPOs in History

SpaceX was founded by Elon Musk in 2002. It is the world’s largest commercial space company and the operator of the “Starlink” satellite network. In early 2026, SpaceX completed a merger with xAI, and the company’s overall valuation increased to approximately $1.25 trillion. According to market news, SpaceX secretly submitted its listing application documents to the U.S. SEC on April 1, targeting a valuation of more than $2 trillion and aiming to challenge the largest IPO in history.

For this reason, Gate selected SpaceX as the first Pre-IPOs project, opening an early investment channel to top unicorns for everyday users.

Key Parameters at a Glance for the First Pre-IPOs Project SpaceX (SPCX)

The above data source: Gate official announcements.

Subscription Timing and Distribution Plan

• Subscription period: April 20, 2026 18:00 to April 22, 2026 18:00 (UTC+8), for a total window of 48 hours.
• Distribution time: SPCX asset credentials are expected to complete unified distribution by May 6, 2026 18:00 (UTC+8).
• Unlock method: 100% unlock. After subscription is completed, SPCX asset credentials will enter the pre-market trading phase in a fully 100% unlocked format, allowing users to buy and sell in the pre-market at any time.

How to Operate

Step 1: Enter the Pre-IPOs section

Log in to your Gate account and complete identity verification (KYC), then go to the platform’s “Pre-IPOs” or “PreMarket” section. At present, you need to join the waitlist first so that you can receive subscription reminders as soon as possible.

Step 2: Prepare USDT or GUSD

Make sure you have sufficient USDT or GUSD balance in your account. You can obtain GUSD through platform minting, buying, or depositing.

Step 3: Participate in the subscription

The subscription mechanism uses “average locked amount per hour” for allocation— the earlier you participate, the higher your allocation weight. VIP users of 5 and above and super agents can also enjoy additional free airdrops.

Product Mechanism: Mirror Note

Gate’s Pre-IPOs are not essentially a traditional equity issuance. The SPCX credential users purchase is a Mirror Note (mirror note), used to reflect the market value of SpaceX before and after listing. Gate provides users with multiple exit options consistent with the target company’s reasonable market value by hedging its exposure to SpaceX stock in the market.

Simply put, SPCX credentials are more like “expected options” that track SpaceX’s future IPO price. After the IPO lock-up period, users can exchange their credentials for stock tokens through a dedicated page, or exchange them for USDT at real-time market prices to exit.

Read Before Participating: Opportunities and Risks Coexist

Opportunities:

• Opens up a private market channel that was previously only available to top venture capital institutions and ultra-high-net-worth individuals to global retail users, breaking the restriction of multi-million-dollar minimum thresholds and qualified investor identity requirements.
• After subscription is completed, the asset credentials are 100% unlocked, and can be freely traded in the pre-market—addressing the pain point of long-term fund lock-up in traditional Pre-IPO offerings.

Risks:

• Uncertainty of listing: The company corresponding to SPCX has not yet been listed; there is uncertainty regarding the IPO timing and outcome. If the company fails to list successfully, the investment may face losses, even loss of principal.
• Price fluctuation risk: The credential value is highly dependent on SpaceX’s final IPO pricing and market sentiment. If the final listing price is lower than the $590 subscription price, the asset value will directly shrink.
• Understanding of asset nature: What users receive is tokenized derivative exposure, with no voting rights and no dividend rights; it is not the same as directly holding SpaceX equity.

Summary

Gate’s first Pre-IPOs project, SpaceX (SPCX), with a minimum threshold of 100 USDT, is the first to open an early investment channel to top unicorns for global retail users. The first subscription window will officially open on April 20. The total subscription amount is 33,900 SPCX; the unit price is $590; and the asset credentials will enter the pre-market trading market in a 100% unlocked format. This is not only a key step for Gate to connect traditional finance with the crypto world, but it may also become an important node in the crypto industry’s move toward a “parallel capital market.” In the future, Gate will continue to expand more high-quality Pre-IPOs targets, driving early-stage investment toward a direction that is more open and more accessible to the public.