June 9, 2026—Gate, the world’s leading digital asset trading platform, officially launched its "IPO Access" feature, opening up IPO subscription channels previously dominated by top brokers and institutions to a broader range of investors for the first time.
As of June 10, according to the latest data on Gate’s IPO Access page, the feature has been live for only two days, yet total participation has already reached $61.54 million, with 5,674 participants and growing enthusiasm. With just two days left before subscriptions close, investors still have a final window to join.
Why Was SpaceX Chosen as the First Project?
SpaceX is no longer just a rocket launch company. Its business spans three core areas:
- Starlink: In 2025, Starlink generated $11.38 billion in revenue and surpassed 10 million global paying users, making it the company’s primary cash cow.
- Starship: SpaceX is redefining space launch costs with reusable rocket technology, paving the way for deep space exploration and large-scale space transport.
- Space AI / Computing Power: SpaceX has completed its merger with xAI Holdings and signed a $920 million per month computing power agreement with Google, covering about 110,000 NVIDIA GPUs.
From a capital markets perspective, SpaceX plans to finalize its IPO pricing on June 11 and officially list on Nasdaq under the ticker SPCX on June 12. The company will issue approximately 555.6 million shares at a fixed price of $135 per share, raising about $75 billion and reaching an estimated valuation of $1.8 trillion—setting a new global record for IPO scale.
How to Participate in Gate IPO Access?
Here are the core participation rules for Gate’s SpaceX IPO Access:
- Subscription Asset: USDT
- Reference Subscription Price: $135 per share plus a 5% fee, totaling approximately 141.75 USDT per share (final pricing may vary)
- Minimum Investment: 100 USDT
- Maximum Investment: 500,000 USDT
- Subscription Period: June 9, 10:00 UTC to June 12, 04:00 UTC
- Stock Distribution Time: Expected June 12, 14:00–15:00 UTC
- Stock Trading Time: Starts June 12, 13:30 UTC, with no lock-up restrictions
Subscription and Allocation Rules: The Earlier You Join, the Higher Your Weight
This IPO Access uses an "intent subscription" model. After users submit their applications, the final allocation may be full, partial, or none, depending on the actual IPO offering and the platform’s final allocation quota.
The allocation mechanism calculates and distributes shares based on each user’s average hourly locked amount during the subscription period, as a proportion of the project’s overall average intent subscription amount. The earlier you subscribe and maintain your locked funds, the higher your average locked amount—and the greater your chance for a higher allocation.
Benefits and Risks: Investors Should Stay Rational
Benefits
- Lower Barriers for Retail Investors: Traditional IPO investments often require millions or even tens of millions of dollars. Gate has reduced the minimum entry to just 100 USDT, allowing ordinary investors to access top global IPO projects.
- No Traditional Brokerage Account Needed: Users only need a Gate account and completed KYC. You can participate using USDT—no need for overseas brokerage accounts or complex fiat conversion processes.
- Immediate Trading, No Lock-Up: Allocated shares can be traded on Gate’s stock section on the listing day, eliminating the typical lock-up period seen in most IPO products.
- More High-Quality Projects Ahead: Following SpaceX, Gate IPO Access is expected to introduce OpenAI, Anthropic, xAI, and other leading tech unicorns, further expanding investment opportunities.
Risks
- Allocation Uncertainty: IPO Access uses an intent subscription mechanism, so users may not receive any allocation, or only partial allocation. The final outcome depends on the platform’s quota.
- Volatile Initial Trading: After SpaceX’s IPO, only about 4.2% of total shares will be tradable, leading to high concentration and potentially significant price swings at launch.
- High Valuation and Ongoing Losses: SpaceX’s net loss in 2025 was still $4.94 billion, with a price-to-sales ratio of about 100—far exceeding traditional aerospace norms, creating bubble risk.
- Funds Locked During Subscription: Subscription funds are locked throughout the subscription period and cannot be traded, withdrawn, or transferred. After allocation, fees are deducted based on actual shares received, and any remaining funds are automatically refunded.
Summary
Gate IPO Access has officially launched with SpaceX as its inaugural project, opening a brand-new channel for global investors to participate in tech giant IPOs. As of June 10, total subscriptions have reached $61.54 million, with 5,674 participants and growing interest. With only two days left before the June 12 deadline, users can join with as little as 100 USDT.
As SpaceX is set to break global IPO records with a $1.8 trillion valuation, Gate IPO Access not only fulfills retail investors’ aspirations to join the tech capital boom, but also marks a major milestone in the deep integration of digital asset platforms and traditional capital markets. Looking ahead, Gate will continue to introduce more high-quality IPO projects, further opening global investment channels and promoting inclusive access.
