Svmuu News: Gate, a digital asset trading platform, will launch SpaceX (SPCX), the first phase of Pre-IPOs, and open a channel for pre-IPO asset subscription. The product supports USDT and GUSD dual-currency participation, and after the subscription is completed, SPCX asset certificates will enter the pre-IPO market in the form of 100% unlocked. The subscription period is from April 20, 2026 18:00 to April 22, 2026 18:00 (UTC+8), SPCX is expected to be completed by May 6, 18:00 (UTC+8) distribution. The total number of subscriptions is 33,900 SPCX, with a total value of approximately $20.1 million, at a unit price of $590, corresponding to an implied valuation of approximately $1.4 trillion. In terms of mechanism, Pre-IPOs are distributed by "average lock amount per hour", emphasizing the weight of early participation. After obtaining the asset certificate, SPCX supports pre-market trading or subsequent delivery. In addition, the minimum participation threshold for the current subscription is only 100 USDT, and there are no hidden losses such as handling fees, custodian fees and revenue commission. Gate Pre-IPOs focuses on early participation opportunities for high-quality projects before listing, and opens a new entrance to global high-quality assets for individual investors. In the future, the platform will continue to expand more high-quality targets and product forms to promote the industry to a more open and efficient direction.