If someone asks whether SPCX is a stock again, just send them this popular science article.

As #GatePreIPOs首发SpaceX becomes a hot topic in the marketplace, many newcomers to the crypto world have been DMing a bunch of questions. To help all fans clarify their investment logic, here is a super detailed Q&A summary.

Question 1: Is SPCX really the original stock of SpaceX?
Answer: No, that's a common misconception among beginners. SPCX is essentially a mirror ticket; it is a tool used to reflect the market valuation changes of SpaceX before and after going public. It does not directly hold company shares but tracks the company's valuation through market hedging methods and provides pre-market trading and subsequent exit paths. Ordinary users participating in pre-IPO in traditional finance systems usually need millions of dollars and qualified investor status, but Gate enables global users to participate through digital mechanisms.

Question 2: Since it’s not an actual stock, why is it still worth paying attention to?
Answer: Because it offers early value follow-up rights and high liquidity. In the past, investing in primary markets required locking funds for years, but SPCX supports 24/7 pre-market trading, and after listing, it can be converted into stock tokens or exchanged back for USDT. This liquidity liberation is unmatched by traditional pre-IPO investments.

Question 3: What are the hardcore details of this subscription?
Subscription period: April 20, 18:00 – April 22, 18:00 (UTC+8), only a 48-hour window.
Supported currencies: USDT (70% quota) and GUSD (30% quota).
Minimum threshold: 100 USDT or GUSD.
Allocation mechanism: Based on the average locked amount per hour; the earlier you participate and the longer you lock, the higher your allocation weight.

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#GatePreIPOs首發SpaceX