If you’ve been following SpaceX for any length of time, you’ve probably heard these numbers: trading debut set for June 2026, a target valuation of $1.75 trillion, and a fundraising goal of $75 billion. This IPO is poised to become the largest in human history, surpassing the record set by Saudi Aramco in 2019. As one of the world’s highest-valued unicorns, SpaceX is undeniably the most anticipated event in global capital markets for 2026.
But a more practical question remains: Is SpaceX still worth investing in right now? And more importantly, how can ordinary investors get involved?
Traditional private secondary markets offer a tough answer: it’s extremely difficult. By April 2026, secondary market prices had already climbed to $600–$800 per share, and access is typically restricted to qualified investors. Now, Gate’s newly launched Pre IPOs digital participation mechanism gives retail investors a fresh option—starting from just 100 USDT, you can invest in SpaceX (SPCX) with a single click. The subscription window closes at 18:00 on April 22 (UTC+8).
Behind the Trillion-Dollar Valuation: What Is SpaceX Really Selling?
Before answering whether SpaceX is worth investing in, let’s break down what’s driving its trillion-dollar valuation.
Starlink is SpaceX’s most reliable cash cow. As of April 2026, Starlink had over 17 million active users worldwide, with more than 10,000 satellites in orbit—accounting for 66% of all active satellites globally. Projected revenue for 2026 exceeds $22 billion.
Rocket launches are SpaceX’s global monopoly card. In 2025, SpaceX completed 165 launches, making up 51% of the world’s total. Nearly 90% of global payload mass went through SpaceX, and their launch costs are just one-fifth to one-tenth of the industry average.
Starship + xAI represents the greatest growth potential. In February 2026, SpaceX merged with Musk’s AI company xAI, pushing the combined entity’s valuation to $1.25 trillion. The company narrative evolved from "rocket company" to "a platform deeply integrating artificial intelligence and space infrastructure."
Financials are equally robust: In 2025, SpaceX posted revenues of $15–16 billion, with a gross margin close to 60%—far exceeding the 15–30% typical for traditional aerospace and defense companies.
The latest IPO progress is also impressive. On April 2, 2026, SpaceX officially submitted a confidential IPO filing to the SEC. From April 21–23, SpaceX held a three-day closed-door analyst meeting at its Starship base in Texas and its Tennessee data center, giving Wall Street a comprehensive business overview. The roadshow is expected to kick off the week of June 8, with a Nasdaq listing targeted for mid-to-late June.
Traditional Pre IPO Investing: An Impenetrable Wall
Before Gate Pre IPOs, it was nearly impossible for ordinary investors to "get on board" before SpaceX went public.
Traditional private secondary market platforms (like Forge Global, EquityZen) typically require investors to be qualified (annual income over $200,000 or net assets above $1 million), with minimum investment thresholds of $50,000–$100,000 and lock-up periods of 90–180 days post-IPO. Even if you meet these tough requirements, supply is extremely limited—demand has long outstripped availability.
By April 2026, secondary market prices had risen to $600–$800 per share. This is precisely where Gate Pre IPOs breaks through—allowing retail investors to participate with minimal barriers, no longer blocked by capital requirements or accreditation.
What Is Gate Pre IPOs? Key Details for SPCX Subscription
Gate Pre IPOs is a digital participation mechanism launched by Gate on April 9, 2026, focused on tracking early-stage value opportunities before top-tier projects go public. The debut project is SpaceX (asset certificate symbol: SPCX).
SPCX is not direct SpaceX stock, but a Mirror Note—a financial instrument that gives holders economic exposure to SpaceX’s valuation movements, without voting or dividend rights. Gate hedges by holding SpaceX equity or derivatives off-exchange, issuing SPCX to mirror its value.
Here are the key subscription details for SPCX:
| Item | Details |
|---|---|
| Asset Certificate Symbol | SPCX |
| Subscription Price | 1 SPCX = 590 USDT / GUSD |
| Implied Valuation | Approx. $1.4 trillion |
| Total Subscription | 33,900 SPCX |
| Minimum Subscription | 100 USDT or 100 GUSD |
| Individual Cap | 339 SPCX |
| Subscription Period | April 20, 2026, 18:00 to April 22, 2026, 18:00 (UTC+8) |
| Distribution Time | By May 6, 2026, 18:00 (UTC+8) |
| Pre-market Trading Opens | April 24, 2026, 18:00 (UTC+8) |
| Unlock Method | 100% unlocked |
Data source: Gate official announcement
How to Subscribe to SPCX on Gate in One Click
Participating in Gate Pre IPOs is straightforward—just three steps:
Step 1: Log in to your Gate account. If you don’t have one yet, you’ll need to register and complete identity verification.
Step 2: Go to the Pre IPOs page. Visit Gate’s official Pre IPOs section and select the SpaceX (SPCX) project.
Step 3: Subscribe using USDT or GUSD. The minimum participation is 100 USDT, with a subscription price of 590 USDT per unit and a total of 33,900 SPCX available. The earlier you subscribe, the higher your allocation weight.
Once your subscription is complete, your SPCX asset certificate will be fully unlocked and available for pre-market trading within Gate. Investors can freely buy or sell SPCX before the target company goes public. Pre-market trading officially opens at 18:00 on April 24 (UTC+8).
Risk Warning: Key Points to Know Before Investing
Every investment decision should be made with a full understanding of the risks involved. For SPCX, pay special attention to the following:
- Timing uncertainty: Although December 31, 2035 is set as the maturity settlement date, if SpaceX remains unlisted, unacquired, or unmerged for an extended period, your funds may be tied up longer.
- Non-shareholder status: SPCX is a Mirror Note and does not represent actual SpaceX shares. Holders do not receive dividends or voting rights.
- Market volatility: Early pre-market trading may face limited liquidity, leading to wider price spreads. SPCX prices are driven by market supply and demand.
- Macro-related risks: The commercial space sector’s valuation is highly sensitive to interest rate environments. Growth assets with high valuations may face repricing pressure during rising rate cycles.
- Equity dilution risk: If SpaceX issues additional shares in the future, the value per share may be diluted.
Summary
SpaceX is racing toward the largest IPO in human history—targeting a $1.75 trillion valuation, $75 billion in fundraising, and a Nasdaq debut expected in June 2026. For investors bullish on commercial space and AI, this is a rare window of opportunity.
Gate Pre IPOs lowers the entry barrier to just 100 USDT, with a subscription price of 590 USDT per unit and a flexible 100% unlock mechanism—opening up private market opportunities once reserved for elite institutions to everyday users. The subscription window officially closes at 18:00 on April 22 (UTC+8), so time is extremely limited.
Pre-market trading begins April 24. The earlier you subscribe, the greater your allocation weight. If you don’t want to miss out on the "IPO of the century," now is the time to make your move.
