As of June 11, the latest data from Gate shows that its newly launched "IPO Access" program has attracted over $126 million in subscription funds for its first project, SpaceX, with more than 11,200 participants. These numbers are still climbing rapidly.
Why Is the SpaceX IPO Grabbing Global Attention?
Even before Gate’s IPO Access went live, SpaceX’s IPO plans had already become the top event in global capital markets. On June 11, this aerospace giant—valued at roughly $1.8 trillion—will finalize its IPO pricing, and the next day, it will officially list on Nasdaq under the ticker SPCX. Market demand for shares has reached about $150 billion, double the $75 billion fundraising target.
This is not only the largest IPO in modern financial history, but it also represents investors’ dual expectations for commercial space and AI infrastructure. SpaceX is evolving from a rocket company into a platform enterprise spanning three major sectors: space launches, satellite internet (Starlink), and artificial intelligence (xAI/Grok).
Meanwhile, traditional IPO subscription channels are rarely accessible to retail investors. Most IPO allocations prioritize institutional investors, leaving regular users to buy in at higher prices after the listing. Due to the U.S. International Traffic in Arms Regulations (ITAR), SpaceX’s underwriters are also explicitly prohibited from accepting subscription orders from investors in mainland China and Hong Kong. These barriers have long kept the vast majority of global investors out of SpaceX’s IPO—until the arrival of Gate’s IPO Access.
Breaking Institutional Barriers with 100 USDT: How Does Gate IPO Access Let Retail Investors Get Ahead?
IPO Access is Gate’s early subscription channel for users. It allows participants to submit subscription intentions at a reference price before the target company is officially listed, securing potential investment allocations.
First SpaceX Subscription Rules
- Reference price: $135 per share
- Minimum subscription: 100 USDT
- Maximum subscription: 500,000 USDT
- Subscription asset: USDT
- Subscription period: June 9, 10:00 UTC to June 12, 04:00 UTC
A key detail that’s often overlooked: Gate IPO Access allocates real spot shares—not derivative contracts tied to the share price—so users hold actual equity. Allocated shares will be distributed directly to users’ Gate stock accounts on June 12, with no lock-up period, allowing immediate trading on the U.S. stock market after listing.
Allocation Weight: The Earlier You Participate, the Greater Your Advantage
"First come, first served" doesn’t fully apply to Gate’s allocation model. The system calculates share distribution based on each user’s average hourly locked amount during the subscription period, relative to the project’s overall average intended subscription amount.
In other words, the earlier and longer you lock in your funds, the more likely you are to gain an advantage in the allocation formula.
Subscription Process (Just Three Steps)
Gate homepage → Wealth Management → IPO Access → Select SpaceX and submit your subscription intention using USDT.
Important Notes:
- This is an "intention to subscribe," which does not guarantee allocation. The final allocation depends on the actual IPO offering and the platform’s final allocation quota. Users may receive a full, partial, or no allocation.
- If the final pricing deviates more than 20% from the reference price, a secondary confirmation process will be initiated.
Why Is the Market So Confident in SpaceX?
SpaceX’s growth story goes far beyond its launch business:
- Starlink Satellite Internet: In 2025, Starlink generated $11.387 billion in revenue, accounting for 61% of SpaceX’s total revenue—a year-over-year increase of nearly 50%. As of the end of March 2026, global active users surpassed 10 million.
- Dominance in Commercial Launches: SpaceX commands 83% of all launches from Earth to orbit and has reduced launch costs by over 95%.
- AI Infrastructure Expansion: SpaceX announced an agreement with Google, under which Google will pay SpaceX $920 million per month through 2029.
For investors, the appeal of the SpaceX IPO lies not just in its technological potential but also in its genuine commercial sustainability. This is precisely why Gate’s IPO Access saw subscriptions surpass $126 million in just a few days.
Crypto Platforms and Traditional Capital: What Does IPO Access Signify?
Gate’s IPO Access is much more than a one-off stock subscription event.
From a macro perspective, the tokenization of real-world assets (RWA) is emerging as one of the most promising growth sectors in the digital asset industry. Securitize CEO Carlos Domingo predicts that tokenized stocks could drive the RWA market from its current $3 billion to $5 trillion. As much as $400 trillion in assets could eventually be tokenized, spanning global financial markets, real estate, bonds, private credit, and alternative investments.
Within this trillion-dollar wave, Gate’s IPO Access marks a significant step for digital asset platforms in "connecting traditional assets." By consolidating previously fragmented processes—information access, intention submission, fund locking, allocation, and share settlement—onto a single platform, Gate is digitally bridging traditional capital markets and the digital asset ecosystem.
Looking Ahead: The Era of Super IPOs Is Just Beginning
Many industry observers are calling 2026 "the first year of super IPOs." Besides SpaceX, OpenAI has already confidentially filed an S-1 registration with the U.S. SEC, and Anthropic’s valuation is nearing $1 trillion. This means Gate’s IPO Access could soon introduce more high-profile projects like OpenAI and Anthropic.
Conclusion
The debut of IPO Access could mark a new starting point for the convergence of crypto assets and traditional capital.
By launching SpaceX as its first project, Gate’s IPO Access not only allows regular users to participate in pre-IPO subscriptions of top global tech companies at a low threshold, but also signals that digital asset platforms are systematically extending their asset offerings into the pre-IPO private equity stage.
With subscription funds exceeding $126 million and over 11,200 participants, these figures are the best testament to market demand.
Investing is not just about seeking returns—it’s about joining the stories that are "reshaping the world." Gate’s mission is to ensure this story is no longer reserved for institutions and elite traders alone.
Frequently Asked Questions (FAQ)
Q1: How does Gate IPO Access differ from traditional IPO subscriptions?
Traditional IPOs require a brokerage account and regional eligibility, while Gate IPO Access integrates project display, subscription application, and allocation settlement into a unified platform. This lowers the entry barrier and increases process transparency. Users can participate with USDT, without needing to open an overseas brokerage account or convert fiat currency.
Q2: Am I guaranteed to receive an allocation?
No. IPO Access subscriptions are "intentions to subscribe" and do not guarantee allocation. After submitting your application, you may receive a full, partial, or no allocation.
Q3: When will the shares be credited after a successful subscription?
Shares are expected to be distributed between June 12, 14:00 and 15:00 UTC. Trading will begin at 13:30 UTC on the same day, with no lock-up period.
Q4: When is the 5% handling fee charged?
The 5% subscription handling fee is only charged upon successful allocation. If you do not receive an allocation, no fee will be charged.
Q5: Are there any participation restrictions?
Users must complete identity verification as required by the Gate platform and comply with the project’s eligibility requirements.
