🚀 From the crypto world straight to the stars and the sea of stars! Let’s talk about this issue’s Gate Pre-IPOs debut project SpaceX

🌟 My take on SpaceX

Founded by Elon Musk in 2002, SpaceX is no longer a typical commercial aerospace company. It has three major core pillars: Starlink satellite internet—over 10,000 satellites in orbit and more than 10 million global users—contributing more than two-thirds of the company’s revenue; the Falcon 9 rocket, thanks to reusable technology, has reduced the cost per launch to one-tenth of the traditional model, and in 2025 launch counts account for 51% of the global total; after merging with xAI in February 2026, it has built a vertically integrated platform of “space computing infrastructure + AI large models.” After the merger, its valuation surpassed $1.25 trillion.

According to media reports, SpaceX has secretly submitted an IPO application to the SEC. It plans to launch roadshows in the week of June 8, targeting a valuation of up to $2 trillion, raising $75 billion, and could set a new record for the world’s largest IPO. Google holds about 5% of SpaceX. If it were to list at a $2 trillion valuation, this investment would be worth about $100 billion—top-tier capital’s bet is enough to show the weight of this project.

📋 Subscription details and rules

Project | Detailed information
Asset Certificate | SPCX (mirror notes, reflecting SpaceX valuation, not direct equity)
Subscription Price | $590 per SPCX (implied valuation of about $1.4 trillion)
Total Subscription | 33,900 SPCX (total value about $20 million)
Minimum Threshold | 100 USDT or GUSD (breaking the traditional Pre-IPO million-dollar threshold)
Single-user Limit | 339 SPCX
Subscription Period | April 20 18:00 - April 22 18:00 (UTC+8), only a 48-hour window
Supported Currencies | USDT (70% of the quota) and GUSD (30% of the quota)
Unlock Method | 100% unlocked, no lock-up period
Distribution Mechanism | Average locked amount per hour—participate earlier to lock for longer, and the allocation weight is higher
Exit Path | 24/7 trading in the pre-market; later you can exchange for stock tokens or swap back to USDT
Participation Method | Log in to Gate.io → enter the Pre-IPOs section → complete KYC → subscribe using USDT/GUSD

SPCX is a synthetic derivative and has no voting rights or dividend rights. Its price reflects market hype sentiment rather than a real share price. If SpaceX’s final IPO pricing is below $590, the asset will directly shrink in value. Please participate rationally and control your position!

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