In April 2026, a major announcement sent shockwaves through global capital markets—SpaceX, the commercial spaceflight giant led by Elon Musk, had secretly filed for an IPO with the US SEC, targeting a valuation of over $2 trillion and aiming to list on Nasdaq in June of this year. If successful, this would become the largest IPO in human history, surpassing Saudi Aramco’s $29 billion fundraising record set in 2019. Even more exciting for everyday investors: Gate has officially launched its Pre-IPOs digital participation mechanism, debuting with SpaceX (SPCX), allowing retail investors to get in early on this historic IPO.
SpaceX: The Trillion-Dollar Logic Behind the Largest IPO in History
The news of SpaceX’s IPO immediately captured the attention of investors worldwide. SpaceX has raised its IPO target valuation from $1.75 trillion to over $2 trillion. This valuation would place it ahead of Meta and Tesla, second only to Nvidia, Apple, Alphabet, Microsoft, and Amazon—making it one of the highest-valued public companies on the planet.
What underpins this staggering valuation is SpaceX’s commanding lead across multiple sectors: In 2025, its Starlink satellite internet business generated approximately $11.4 billion in revenue, serving over 9 million active customers with more than 9,000 satellites in orbit—the world’s largest broadband satellite constellation. In the rocket launch market, SpaceX holds over 80% of global commercial launch share and undertakes critical missions for NASA and the US Department of Defense. Additionally, its merger with xAI has introduced a compelling "AI + space" narrative, fueling market optimism about the future of "space-based computational infrastructure."
Traditional Pre-IPOs Investing: An Impenetrable Barrier for Retail Investors
For years, Pre-IPOs investing has been the exclusive domain of top venture capital firms, private equity funds, and ultra-high-net-worth individuals. According to PwC’s "Global Top 100 Unicorns 2025" report, the world’s top 100 unicorns have a combined valuation of about $2.9 trillion, with many seeing their valuations multiply several times over in recent years—yet ordinary investors have had little chance to share in this wealth creation.
The barriers to traditional Pre-IPOs investing are extremely high: typically requiring millions of dollars in capital, accredited investor certification (annual income over $200,000 or net assets above $1 million), and navigating complex legal procedures and institutional relationships. Retail investors can only participate after a company goes public—by which time the most explosive phase of value growth has often already passed.
Gate Pre-IPOs: Breaking Down Pre-IPOs Barriers with Stablecoins
On April 9, 2026, Gate announced the launch of its digital Pre-IPOs participation mechanism, opening the reservation portal for the Pre-IPOs market. On April 15, Gate officially unveiled its first Pre-IPOs project: SpaceX (SPCX), with the subscription window open from April 20, 18:00 to April 22, 18:00 (UTC+8).
Gate Pre-IPOs offers several key advantages by dramatically lowering the barriers to traditional Pre-IPOs investing:
- Ultra-low entry threshold: Participate with as little as 100 USDT, completely eliminating the multi-million-dollar barrier of traditional Pre-IPOs.
- Zero hidden fees: The first subscription round is entirely free of hidden service or custody fees, with SPCX offered at a net price of $590 per unit.
- Dual-currency support: Subscriptions are available in both USDT and GUSD, allowing users to participate directly with stablecoins.
- 100% unlock: After subscription, SPCX asset certificates are fully unlocked and tradable on the platform’s pre-market, offering flexible liquidity and exit options.
- Early participation, higher allocation: Allocation is based on "hourly average locked amount"—the earlier and longer you subscribe, the greater your allocation weight.
Key SPCX subscription parameters at a glance:
| Parameter | Details |
|---|---|
| Project Name | SpaceX |
| Asset Certificate | SPCX |
| Subscription Price | 1 SPCX = $590 |
| Total Subscription | 33,900 SPCX |
| Implied Valuation | Approx. $1.4 trillion |
| Subscription Currencies | USDT (70%), GUSD (30%) |
| Minimum per Order | 100 USDT or 100 GUSD |
| Individual Cap | 339 SPCX |
| Subscription Period | April 20, 18:00 – April 22, 18:00 (UTC+8) |
| Distribution Date | By May 6, 2026 |
Beyond SPCX: Gate’s Multi-Faceted SpaceX Investment Tools
In addition to SPCX mirror note subscriptions, Gate has also launched SPACEX perpetual contracts, supporting 1–10x leverage for both long and short positions, giving users more active trading options. Furthermore, Gate’s Stocks section has introduced five major Pre-IPOs perpetual contracts, including OpenAI and Anthropic, building a comprehensive Pre-IPOs investment matrix covering the world’s most-watched unicorns.
Conclusion
There’s no doubt that SpaceX’s IPO is one of the most anticipated events in global capital markets for 2026. As SpaceX plans to officially file for its IPO in late May and price and list on Nasdaq in mid-June, the growth potential behind its trillion-dollar valuation continues to unfold. Through its digital Pre-IPOs mechanism, Gate is opening up an investment opportunity traditionally monopolized by institutions to everyday users—for as little as 100 USDT and a few minutes of your time, you can get early exposure to the value of a commercial spaceflight giant.
For investors bullish on SpaceX and the commercial space sector, the subscription window from April 20 to 22, 2026, could be a golden opportunity for ordinary people to participate in the largest IPO in history. Of course, investors should be fully aware: SPCX is a mirror note, not actual SpaceX stock. It does not entitle holders to dividends or voting rights, and its price is driven by market supply and demand, which may involve volatility risks. Investment decisions should be based on your individual risk tolerance and independent judgment.
