#GateIPOAccessSpaceX

SPACEX IPO ACCESS: GATE OPENS THE DOOR TO THE LARGEST IPO IN HISTORY

The space age meets the investment age. On June 12, 2026, Elon Musk's SpaceX will debut on Nasdaq under the ticker SPCX, targeting a $1.75 trillion valuation and raising $75 billion a record that will rewrite every chapter of IPO history. Gate has officially launched IPO Access, and SpaceX is its first project. This is your opportunity to participate in the growth of one of the world's most influential technology companies, directly from your Gate account.

WHY SPACEX MATTERS: MORE THAN ROCKETS

• SpaceX was founded by Elon Musk in 2002 and has since become a pioneer in modern commercial aerospace, transforming from a launch provider into a multi-dimensional technology empire spanning rockets, satellite internet, and orbital AI computing.

• The company achieved vertical rocket recovery technology that no other entity has replicated at scale, drastically reducing launch costs and redefining what is economically feasible in space.

• Starlink operates more than 10,000 active satellites in orbit, roughly two-thirds of all working satellites worldwide, providing global broadband connectivity with plans to expand to 20,000 satellites.

• SpaceX reported $18.67 billion in revenue for 2025, up from approximately $14.1 billion in 2024 33% year-over-year growth on a massive base.

• The company is pivoting toward orbital AI compute, solar-powered space data centers, direct-to-cell wireless service, and AI semiconductor production with Tesla, targeting what it describes as a $28.5 trillion total addressable market.

• SpaceX holds 18,712 Bitcoin on its balance sheet, valued at approximately $1.29 billion as of March 31, 2026 a detail that resonates deeply with the crypto community and signals Musk's conviction in digital assets.

• Morgan Stanley projects SpaceX could generate $3.4 trillion in revenue by 2040 with EBITDA of $2.7 trillion; Goldman Sachs forecasts even higher AI contributions at $322 billion for 2030 alone.

SpaceX is seeking early Nasdaq-100 inclusion as a condition of its listing, which could trigger forced passive index buying within days of the debut rather than months a structural catalyst that few IPOs enjoy.

THE IPO DETAILS: WHAT YOU NEED TO KNOW

• SpaceX plans to offer 555.6 million Class A shares at a fixed IPO price of $135 per share on Nasdaq under ticker SPCX.

• The implied valuation is approximately $1.75 trillion, making SpaceX the seventh-largest publicly traded company in the United States upon listing, surpassing Tesla's approximately $1.6 trillion market cap.

• Up to 30% of the offering roughly $22.5 billion in shares has been earmarked for retail investors, three times the typical allocation for an IPO of this magnitude.

• Banker demand has already reached twice the available shares, meaning the offering is significantly oversubscribed at the institutional level.

• Goldman Sachs holds the lead-left underwriter position; Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase round out the banking lineup.

• The IPO price is set at $135 with no traditional range; the final pricing day is June 11, and the stock begins trading on Nasdaq on June 12.

GATE IPO ACCESS: HOW IT WORKS

• Gate IPO Access bridges the pathway from pre-IPO investment opportunities to public offering subscriptions, giving users a direct channel to participate in IPOs of high-quality global enterprises.

• This is an Intent Subscription model: you submit your subscription application, and you may receive full allocation, partial allocation, or no allocation final results depend on the actual IPO offering and the platform's final allocation quota.

• Indicative subscription price: $135 per share (subject to the final IPO pricing result).

• Intent subscription fee: 5% (estimated total subscription price approximately 141.75 USDT per share; actual pricing will prevail, charged upon successful subscription).

• Minimum investment amount: 100 USDT.

• Maximum investment amount: 500,000 USDT.

• Minimum allocation unit: 0.01 shares.

• Distribution account: Shares are credited directly to your Gate Stock Account after successful allocation — no separate broker required.

• Trading method: Real stocks on Gate's US stock product (App v8.21.5 or above required).

• Unlocking method: No lock-up period, 100% unlocked from day one.

THE TIMELINE: ACT NOW BEFORE THE WINDOW CLOSES

• Intent subscription start: June 9, 2026, 10:00 UTC.

• Intent subscription deadline: June 12, 2026, 04:00 UTC.

• The subscription window is only 66 hours every hour counts.

• Expected stock distribution: June 12, 2026, 14:00–15:00 UTC (actual time may vary based on issuance and delivery schedule).

• Stock trading begins: June 12, 2026, 13:30 UTC on Gate Stock.

ALLOCATION WEIGHT: EARLY SUBSCRIBERS GET MORE

• Gate calculates allocation based on each user's average hourly locked amount during the 66-hour subscription period relative to the overall average total subscription amount.

• The formula: Average Locked Amount Per Hour = Sum of Hourly Locked Snapshot Amounts / Total Subscription Period Hours (66 hours).

• The earlier you commit and lock funds, the higher your allocation weight.

• Example: A user committing 100,000 USDT in the first hour and holding through the entire cycle achieves an average locked amount of 100,000 USDT; a user committing the same amount 33 hours late achieves only 50,000 USDT average; a last-hour subscriber gets roughly 1,515 USDT average — the difference is dramatic.

• Funds committed to the subscription are frozen during the period and cannot be traded, transferred, or withdrawn; after allocation, remaining funds are automatically returned to your spot account.

• If the final IPO price fluctuates within 20% of the indicative $135 price, allocation proceeds automatically; if fluctuation exceeds 20%, a secondary confirmation process will be initiated.

HOW TO SUBSCRIBE: STEP BY STEP

• Navigate to Home > Finance > IPO Access on the Gate web or app platform.

• Select SpaceX (USDT subscription supported) and click Subscribe Now.

• Commit your desired USDT amount (minimum 100 USDT, maximum 500,000 USDT).

• Lock your funds for the full subscription period to maximize allocation weight.

• Wait for allocation results after the subscription deadline.

• Receive shares directly in your Gate Stock Account upon successful allocation.

• Begin trading real SpaceX stock on Gate from June 12.

THE COMPETITIVE EDGE: WHY GATE IPO ACCESS STANDS OUT

• Traditional IPO participation requires brokerage accounts with firms like Fidelity, Charles Schwab, or Robinhood, each with their own allocation limitations, eligibility hurdles, and minimum account sizes Gate IPO Access eliminates these barriers.

• Fidelity has reportedly cut its minimum to $2,000 for SpaceX, but Gate allows participation starting at just 100 USDT, making this the lowest entry point available anywhere.

• Competing crypto exchanges are offering tokenized IPO access that represents derivative claims on shares Gate IPO Access provides allocation of real shares that are distributed directly to your Gate Stock Account for actual US stock trading, not a synthetic proxy.

• The one-stop experience from IPO subscription to real stock trading on a single platform is a model that no traditional broker or crypto exchange currently matches at this level of integration.

• Shares are 100% unlocked with no lock-up period, meaning you can trade freely from the moment they hit your account unlike many institutional allocations that carry restricted periods.

THE RISK FACTOR: A BALANCED VIEW

• Intent Subscription does not guarantee allocation you may receive full, partial, or no allocation depending on total demand and the platform's final quota.

• SpaceX has not yet achieved profitability; its AI segment burns approximately $2.5 billion per quarter, which could suppress free cash flow for years.

• Morningstar placed a $780 billion fair value estimate on SpaceX, roughly 48% below the IPO target valuation, suggesting the offering price may significantly exceed fundamental value.

• Michael Burry has publicly stated there is nothing in SpaceX's IPO filing to suggest the company is worth $1 trillion, let alone $2 trillion.

• PitchBook analysts have warned that SPCX shares may trade similarly to Tesla but on steroids, meaning extreme volatility is likely in early trading.

• The $28.5 trillion total addressable market claim, with 93% attributed to AI, relies heavily on technologies that have not yet been built.

• IPO Access carries inherent risks including price volatility and potential insufficient market liquidity; participants should understand the project background and risks fully before committing.

THE BIGGER PICTURE: SPACE, AI, AND THE FUTURE OF INVESTING

• SpaceX is not merely a rocket company — it is positioning itself as the infrastructure backbone of an orbital economy that encompasses broadband connectivity, direct-to-cell wireless, space-based AI compute, lunar bases, and eventually a Mars colony.

• Starlink already dominates global satellite internet with 10,000+ active satellites; its closest competitor, Amazon Leo, has only 300 satellites in orbit with plans for 3,200 a gap that defines SpaceX's competitive moat.

• The convergence of space infrastructure and AI computing represents a technological thesis that no other public company currently offers at this scale.

• Gate IPO Access represents a philosophical shift: democratizing access to the highest-profile IPOs that were traditionally reserved for institutional insiders with billion-dollar minimums.

• This is the first IPO Access project on Gate, and its success will set the template for future offerings — your participation now establishes your position for what comes next.

FINAL TAKEAWAY

The SpaceX IPO is a defining moment for both the space industry and the investment world. Gate IPO Access gives you a direct path to participate at the IPO price level, with real shares distributed to your stock account, no lock-up restrictions, and a minimum entry of just 100 USDT. The 66-hour subscription window opens on June 9 at 10:00 UTC and closes on June 12 at 04:00 UTC. Early commitment maximizes your allocation weight. This is Intent Subscription allocation is not guaranteed but the opportunity to stand at the front of the line for the largest IPO in history starts now.