Gate Says SpaceX Pre-IPO Project Subscriptions Surpass $300 Million

According to Gate, the first unified distribution of SpaceX (SPCX) Pre-IPO asset certificates has been completed with full unlock, and pre-market trading is scheduled to begin on April 24, 2026.

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Summary

Gate announced the first unified distribution of SpaceX (SPCX) Pre-IPO asset certificates, stating that SPCX was distributed to spot accounts with a 100% unlock. The company said SPCX/USDT pre-market trading will start on April 24, 2026 at 18:00 UTC+8, followed by flash swap at 19:00 UTC+8. Gate also said holders can access up to 200% annualized yield in USDT. This adds concrete timing and distribution details to the earlier announcement that the subscription scale for the SpaceX Pre-IPO project had surpassed $300 million.

Terms & Concepts
  • Pre-IPO: An investment opportunity tied to a company before its initial public offering, allowing early exposure before public stock market listing.
  • USDT: A U.S. dollar-pegged stablecoin widely used in crypto markets for trading, settlement, and yield products.
  • Pre-market trading: Trading that starts before regular market availability, helping establish price discovery ahead of wider access.