SpaceX’s biggest IPO in its sprint for history: How can ordinary users position early through Gate Pre-IPOs?

In April 2026, a major news broke worldwide financial markets—Elon Musk’s commercial space giant SpaceX has secretly submitted an IPO application to the U.S. SEC, with a target valuation exceeding $2 trillion, planning to list on NASDAQ this June. If successful, this will be the largest IPO in human history, surpassing Saudi Aramco’s $29 billion fundraising record set in 2019. For ordinary investors, a more exciting piece of news is: Gate officially launches a digital Pre-IPO participation mechanism, with the first offering of SpaceX (SPCX), allowing retail investors to get an early foothold in this epic IPO.

SpaceX: The trillion-dollar valuation logic behind the largest IPO in history

Once the news of SpaceX’s IPO broke, it drew intense attention from global investors. SpaceX has raised its IPO target valuation from $1.75 trillion to over $2 trillion, positioning it above Meta and Tesla, and behind only Nvidia, Apple, Alphabet, Microsoft, and Amazon, making it one of the world’s most valuable publicly listed companies.

Supporting this astonishing valuation is SpaceX’s absolute leadership across multiple fields: Starlink satellite internet revenue in 2025 is approximately $11.4 billion, with over 9 million active customers and more than 9,000 satellites in orbit, making it the world’s largest broadband satellite constellation; in the rocket launch market, SpaceX accounts for over 80% of global commercial launches and undertakes key missions for NASA and the U.S. Department of Defense. Additionally, the merger with xAI injects a “AI + aerospace” dual narrative into SpaceX, fueling market expectations for the “new infrastructure of space computing power.”

Traditional Pre-IPO investments: An insurmountable wall for ordinary investors

For a long time, Pre-IPO investments have been exclusive to top-tier venture capital firms, private equity funds, and ultra-high-net-worth individuals. According to PwC’s “Global Top 100 Unicorns 2025” report, the total valuation of the top 100 unicorn companies worldwide has reached about $2.9 trillion, with valuations multiplying several times or even dozens of times over the past few years—yet ordinary investors have almost no access to this wealth feast.

Participation in traditional Pre-IPO investments requires extremely high thresholds: usually millions of dollars in capital, qualified investor certification (annual income over $200k or net assets over $1 million), and complex legal procedures and institutional relationships. Retail investors can only participate after the company officially goes public, and the most explosive growth phase of value has often already passed.

Gate Pre-IPO: Breaking the Pre-IPO investment barrier with stablecoins

On April 9, 2026, Gate announced the launch of a digital Pre-IPO participation mechanism, opening the reservation portal for Pre-IPO markets. On April 15, Gate Pre-IPO’s first project, SpaceX (SPCX), was officially announced, with the subscription window opening from 18:00 on April 20 to 18:00 on April 22 (UTC+8).

The core advantage of Gate Pre-IPO is drastically lowering the traditional Pre-IPO investment barriers:

• Very low participation threshold: as little as 100 USDT to participate in subscription, completely breaking the traditional Pre-IPO barrier of millions of dollars.
• Zero hidden fees: the first subscription phase is completely free of implicit handling and custody fees, offered at a net price of 1 SPCX = $590.
• Dual-currency support: supports USDT and GUSD for subscription, allowing users to participate directly with stablecoins.
• 100% unlock: after subscription, SPCX asset certificates will be fully unlocked and enter the platform’s pre-market trading, providing flexible circulation and exit mechanisms.
• Early participation with high weight: the system uses an “average locked amount per hour” for distribution; the earlier you subscribe and the longer you lock, the higher your allocation weight.

Core parameters of SPCX subscription overview:

More than SPCX: Gate offers multi-dimensional SpaceX investment tools

In addition to SPCX mirror notes subscription, Gate also launched SPACEX perpetual contracts, supporting 1-10x leverage for long and short positions, providing more active trading options. Furthermore, Gate’s stock section has debuted with perpetual contracts for other heavyweight Pre-IPO projects like OpenAI and Anthropic, building a Pre-IPO investment matrix covering the most watched unicorns globally.

Summary

SpaceX’s IPO is undoubtedly one of the most anticipated events in the global capital markets in 2026. As SpaceX plans to officially submit its IPO application in late May, with pricing in mid-June and listing on NASDAQ, the growth potential behind its trillion-dollar valuation continues to unfold. Gate, through its digital Pre-IPO mechanism, has opened this traditionally institutional-dominated investment opportunity to ordinary users—requiring only 100 USDT and a few minutes to get an early position in this aerospace giant.

For investors optimistic about SpaceX and the commercial space race, the subscription window from April 20 to 22, 2026, may be the golden opportunity for ordinary people to participate in this historic IPO feast. Of course, investors should also recognize that SPCX is a mirror note (Mirror Note), not actual SpaceX stock, and does not confer dividends or voting rights. Its price is driven by market supply and demand and may fluctuate. Investment decisions should be based on individual risk tolerance and independent judgment.