On June 9, 2026, Gate, a global leader in digital asset trading, officially launched its "IPO Access" service. The inaugural project featured none other than SpaceX, a commercial aerospace giant that has captured the attention of capital markets worldwide. In just three days, this new product delivered remarkable results—by the subscription deadline at 12:00 PM (UTC+8) on June 12, the first phase of Gate’s IPO Access for SpaceX had attracted over $143 million in intended subscription funds, with more than 13,400 participants. The overwhelming demand far exceeded expectations.
Meanwhile, SpaceX’s own IPO set new records for market excitement. On June 12 (Eastern Time), SpaceX debuted on the Nasdaq Global Select Market and the Nasdaq Texas Board under the ticker SPCX, with an issue price of $135 per share. This valued the company at approximately $1.77 trillion, raising a staggering $75 billion and setting a new global record for IPO fundraising. The IPO was over four times oversubscribed, with Goldman Sachs leading a syndicate of 21 global investment banks. This landmark IPO not only marks a pivotal moment in commercial space history but also highlights the global capital market’s pursuit of next-generation technology infrastructure.
Breaking Down Barriers: How Gate Is Redefining IPO Access
Before the launch of Gate’s IPO Access, most retail investors worldwide were effectively shut out from participating in IPOs of super-unicorns like SpaceX.
Traditional IPO allocations have long been dominated by top-tier brokers and institutional investors, with shares prioritized for institutional clients. Retail investors typically have to wait until after the company lists, often buying at higher prices. Due to U.S. International Traffic in Arms Regulations, SpaceX’s underwriters were explicitly prohibited from accepting subscription orders from investors in Mainland China and Hong Kong—meaning the majority of global investors weren’t even eligible to participate.
Gate’s IPO Access has changed the game. Its core innovation is opening up IPO subscription channels—previously reserved for elite brokers and institutions—to the broader user base of a digital asset platform. Users no longer need to open complex cross-border accounts, deal with cumbersome fiat conversions, or meet million-dollar minimums. With just a Gate account and completed KYC, users can participate in IPO subscriptions for top global companies directly using USDT.
For this SpaceX IPO Access event, the minimum intended subscription amount was set at just 100 USDT, with a maximum of 500,000 USDT—allowing ordinary investors unprecedented access to the IPOs of leading tech companies. The reference subscription price was $135 per share, plus a 5% service fee, totaling approximately 141.75 USDT per share (subject to final pricing). Most importantly, IPO Access allocates real spot shares, not derivative contracts linked to the stock price. Allocated shares are distributed directly to users’ Gate stock accounts after the IPO, with no lock-up period—enabling immediate trading of real U.S. stocks on the Gate platform.
"First Come, First Served"? No—A Fair Weighted Allocation System
Gate’s IPO Access doesn’t operate on a simple "first come, first served" basis. Instead, it uses a transparent, scientifically designed weighted allocation mechanism.
The system calculates each user’s final share allocation weight based on their average hourly locked subscription amount as a proportion of the project’s overall average intended subscription amount during the subscription period. In other words, the earlier and longer you participate and the higher your average locked amount, the better your chances of receiving a larger allocation. This approach encourages users to seize opportunities early while preventing last-minute surges that could disrupt fair distribution.
It’s important to note: this IPO Access event was an "intended subscription." Final allocations may be full, partial, or none at all, depending on the actual IPO results and the platform’s final allocation quota. As Gate continues to secure more SpaceX shares in the market, more users will have the opportunity to directly own real shares of this global tech giant.
Why SpaceX?
SpaceX was chosen as the inaugural project for Gate’s IPO Access for good reason.
SpaceX has long since outgrown the traditional definition of a "rocket launch company." Its business spans three major strategic sectors:
- Starlink Satellite Internet: In 2025, Starlink generated $11.387 billion in revenue, accounting for 61% of SpaceX’s total revenue—a nearly 50% year-over-year increase. As of March 2026, global active users exceeded 10 million.
- Starship and Commercial Launches: SpaceX accounts for 83% of all Earth-to-orbit launches and has successfully reduced launch costs by over 95%, cementing an unassailable competitive advantage in commercial space.
- AI Infrastructure: SpaceX has completed its merger with xAI Holdings and signed a $920 million per month compute agreement with Google, covering about 110,000 NVIDIA GPUs. AI computing power is fast becoming a new growth engine for SpaceX.
From a capital perspective, SpaceX’s valuation reached $800 billion in an employee share transfer in December 2025. After merging with xAI in February 2026, its valuation climbed to $1.25 trillion, and at the IPO issue price, it soared to $1.77 trillion. This doubling in just six months reflects the global capital market’s strong confidence in SpaceX’s long-term growth prospects.
13,400 Participants: The Significance of IPO Access
The first phase of Gate’s IPO Access for SpaceX drew over 13,400 participants—a figure that carries deep significance.
In terms of breadth, this participation far exceeds the IPO distribution reach of most traditional brokers. This is not an exclusive "club product" for a select few top investors, but a truly inclusive financial service for the global public. In terms of depth, the $143 million in subscriptions demonstrates a strong demand among digital asset users for high-quality growth assets. These users are no longer focused solely on short-term crypto market swings, but are seeking long-term investment opportunities with real value worldwide.
From an industry perspective, the overwhelming response to Gate’s IPO Access signals a shift: digital asset platforms are evolving from pure crypto exchanges into comprehensive financial investment platforms. Traditional financial products—stocks, ETFs, IPOs—are becoming core pillars of the expanding crypto ecosystem. The line between digital asset and stock investors is blurring, with more users seeking to diversify across crypto and traditional finance on a single platform.
Additionally, 2026 is widely referred to as the "Year of the Super IPO." Following SpaceX, OpenAI has confidentially filed its S-1 registration with the SEC, Anthropic’s valuation is nearing $1 trillion, and Cerebras surged 68% on its first trading day. Looking ahead, Gate’s IPO Access aims to introduce more global tech unicorns—OpenAI, Anthropic, xAI, and others—expanding users’ access to premium global assets.
Conclusion
The first phase of Gate’s IPO Access for SpaceX concluded with $143 million in subscriptions and over 13,400 participants. This achievement not only set a new record for digital asset platforms participating in traditional IPOs, but also proved the vast potential for democratizing capital access.
With an ultra-low entry threshold of 100 USDT, a fair weighted allocation system, and instant trading of allocated shares with no lock-up period, Gate’s IPO Access is redefining how ordinary investors participate in IPOs of top global companies. As digital assets and traditional finance converge, Gate is building a bridge from pre-IPO to IPO to stock trading, giving users worldwide direct access to traditional capital markets.
Looking forward, as more high-quality companies go public, Gate will continue to expand its IPO Access offerings—enabling more users to participate in the growth of premium global assets with lower barriers and greater efficiency.
