Gate has officially launched IPO Access, further bridging the pathway from pre-IPO investment opportunities to public offering subscriptions, providing users with a new channel to participate in IPOs of high-quality global enterprises. Users can submit subscription applications before a company goes public and have the chance to receive full allocation, partial allocation, or no allocation. The final allocation result depends on the actual IPO offering and the platform's final allocation quota. Gate users who receive an allocation after the IPO can directly access Gate's US stock product to trade real stocks (stock trading is now supported on App v8.21.5 and above), offering a one-stop investment experience from IPO subscription to stock trading.

Project Basic Information

SpaceX was founded by Elon Musk in 2002. It is not only a pioneer in modern commercial aerospace but also one of the world's most valuable and technologically influential tech giants. Through continuous breakthroughs in vertical rocket recovery technology, large-scale satellite internet (Starlink), and future spatial computing, SpaceX is reshaping humanity's connection to space. Upon its IPO, SpaceX will be listed directly on the Gate Stock section, enabling direct trading of real stock assets.
IPO Access aims to break down traditional capital barriers. Using SpaceX shares Gate acquires on the open market, we give you a direct opportunity to take part in the growth of this global tech giant. Within 24 hours of the stock's public listing, shares will be credited directly to your dedicated stock account.
This IPO subscription is an "Intent Subscription" and does not guarantee that you will receive an allocation. After submitting an allocation request, you may receive a full allocation, a partial allocation, or no allocation of shares. The final allocation result depends on the actual IPO offering and the final allocation quota obtained by the platform.

• Project Name: SpaceX
• Ticker Symbol: SPCX
• Subscription Asset: USDT
• Indicative Subscription Price: $135 per share (subject to the final IPO pricing result)
• Intent Subscription Fee:5%(Estimated total subscription price is approximately 141.75 USDT; actual pricing will prevail. Charged upon successful subscription.)
• Minimum Investment Amount: 100 USDT
• Minimum Investment per Order: 100 USDT
• Maximum Investment Amount: 500,000 USDT
• Distribution Account:Users who have completed the Intention Subscription and successfully obtained shares will have the shares directly distributed to their Gate Stock Account, enabling direct US stock trading
• Trading Method:Stocks(App must be updated to v8.21.5 or above)
• Unlocking Method: No Lock-up Period, 100% Unlocked

SpaceX IPO Access Timeline

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Subscription Process

Web/App:

1. [Home] - [Finance] - [IPO Access]
2. Select SpaceX (USDT subscription supported) and click [Subscribe Now].

Note: The earlier you subscribe, the higher your allocation weight.

IPO Access Distribution Rules

The system will calculate and allocate shares based on the ratio of each user's average hourly locked amount during the subscription period to the overall average total subscription amount of the project. The earlier you subscribe, the higher the allocation weight. IPO Access subscription is an "Intent Subscription" and does not guarantee allocation. After submitting an allocation request, you may receive full allocation, partial allocation, or no allocation. The final allocation result depends on the actual IPO offering and the final allocation quota obtained by the platform.

Calculation Formula

Average Locked Amount Per Hour = Sum Of Hourly Locked Snapshot Amounts / Total Subscription Period Hours (66 Hours)

Example:

Assume the intent subscription period is 66 hours, and users A, B, and C each plan to commit 100,000 USDT to participate in the intent subscription:

• User A: Commits in the 1st hour and keeps funds locked throughout the entire cycle

Average Locked Amount = 100,000 × 66 / 66 = 100,000 USDT

• User B: Commits 33 hours after the subscription starts and keeps it locked until the subscription ends

Average Locked Amount = 100,000 × 33 / 66 = 50,000 USDT

• User C: Commits in the last hour of the subscription period

Average Locked Amount = 100,000 × 1 / 66 ≈ 1,515 USDT

Subscription and Allocation Instructions

1. The indicative subscription price is based on the IPO reference range for this round only. The final pricing will be determined by market demand, valuation, and book-building results. If the final price fluctuates within 20% of the reference price, we will automatically complete the allocation for you. If the fluctuation exceeds 20%, we will initiate a secondary confirmation process to protect your right to be informed and to make decisions.
2. IPO Access subscription is an "Intent Subscription" and does not guarantee allocation. After submitting an allocation request, you may receive full allocation, partial allocation, or no allocation of shares. The final allocation result depends on the actual IPO offering and the final allocation quota received by the platform. The actual number of shares received depends on each user's average locked amount as a proportion of all participating users, and is subject to rules such as the total allocation and the maximum number of shares available per person.
3. The examples only illustrate the allocation logic and do not represent the final number of shares that may be obtained.
4. The Intent Subscription amount is not equivalent to the final stock value or quantity received. The final allocation result is determined by the system's calculation.
5. The funds you commit to the stock subscription will be locked, and the corresponding assets will be automatically frozen by the system. During this period, they cannot be traded, transferred, or withdrawn. After the subscription ends, your committed funds will be deducted based on the actual number of project shares allocated, and any remaining funds will be returned. If the value of the shares you actually receive is less than the amount you invested, the remaining funds will be unlocked and automatically returned to your spot account once distribution is complete.
6. The minimum allocation unit is 0.01 shares. If a user's allocation quota exceeds 0.01 shares, any portion less than 0.01 shares will be rounded to the nearest 0.01 share. If the allocation quota is less than 0.01 shares, it will be automatically distributed as 0.01 shares.

Risk Warning

1. Users must complete KYC identity verification before participating in IPO Access Intent Subscription.
2. IPO Access carries high risk. This subscription event is launched in an open and fair manner, but price volatility, insufficient market liquidity, and other situations may still occur. Please be sure to understand the project background and risks, and participate with caution.
3. This subscription is an "Intent Subscription" and does not guarantee allocation. After submitting an allocation request, you may receive full allocation, partial allocation, or no allocation. The final allocation result depends on the actual IPO offering and the final allocation quota obtained by the platform.
4. Borrowed funds cannot be used for Gate IPO Access subscriptions; institutional accounts and sub-accounts are also not eligible.
5. Evaluating blockchain startup projects and their inherent risks requires advanced technical and financial knowledge.
6. Due to technical, legal, regulatory, market, or other factors, the price of the projects you participate in may experience significant fluctuations and may substantially rise or fall.
7. Cryptocurrency projects involve high risk, and prices are highly volatile. The project team has not set any margin requirements and does not provide any price commitments or guarantees against price drops. You should participate only after fully understanding the risks and ensuring that you are able to bear them. The platform strongly reminds you of these risks but cannot provide any guarantee, compensation, or similar liability for your investment activities.
8. If there is any discrepancy between the translated version and the original English version, the English version shall prevail.
9. Gate reserves the right of final interpretation.
10. Users in restricted regions cannot use all or part of the services. For detailed information about restricted regions, please read User Agreement .

Gate Team
June 9, 2026

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