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Gate, as the first centralized exchange to connect to Polymarket, shows that the probability of a closing market value forecast of over $2 trillion for the SpaceX IPO is about 46%, making it the highest probability option currently.It is reported that Gate has launched the first phase of the Pre-IPOs project, SpaceX (SPCX). The subscription for this phase of SpaceX (SPCX) will be open from April 20, 2026, 18:00 to April 22, 18:00 (UTC+8), supporting participation in both USDT and GUSD. After the subscription is completed, the SPCX asset certificates are expected to be distributed before April 22, 22:00 (UTC+8) and will enter pre-market trading in a 100% unlocked form, with pre-market trading starting at April 24, 18:00 (UTC+8). The total subscription amount is 33,900 SPCX, with a total value of approximately $20.01 million, a unit price of $590, corresponding to an implied valuation of about $1.4 trillion.In terms of participation mechanism, Gate Pre-IPOs adopts "average locked amount per hour" for allocation, emphasizing early participation weight. The minimum participation threshold is 100 USDT, and no handling or custody fees are charged. Gate Pre-IPOs will continue to focus on early participation opportunities for high-quality projects before listing, providing users with a new entry point to access global quality assets.

The world's leading digital asset trading platform Gate will launch the first project of Pre-IPOs, SpaceX (SPCX), opening the subscription channel for pre-listing assets. This product supports participation in both USDT and GUSD, and after the subscription is completed, the SPCX asset certificate will enter the pre-market trading with a 100% unlock format.The subscription period is from April 20, 2026, 18:00 to April 22, 18:00 (UTC+8), and SPCX is expected to complete distribution before May 6, 18:00 (UTC+8). The total subscription amount is 33,900 SPCX, with a total value of approximately 20.01 million USD, a unit price of 590 USD, corresponding to an implied valuation of about 1.4 trillion USD.Mechanically, Pre-IPOs use "average locked amount per hour" for allocation, emphasizing early participation weight. After obtaining the asset certificate, SPCX supports pre-market trading or subsequent delivery. In addition, the minimum participation threshold for this subscription is only 100 USDT, and there are no hidden costs such as handling fees, custody fees, or profit sharing.Gate Pre-IPOs focuses on early participation opportunities for high-quality projects before listing, opening a new gateway for individual investors to access global quality assets. In the future, the platform will continue to expand more high-quality targets and product forms, promoting the industry towards a more open and efficient direction.

Today, Bitget, in collaboration with media outlet Rhythm, held an online live broadcast themed "Dialogue with Bitget Executives: A Comprehensive Breakdown of the SpaceX Ticket, from Capital Privilege to Universal Sharing," providing a systematic interpretation of the product mechanisms of IPO Prime and preSPAX.Ken, the product head of Bitget IPO Prime, stated that IPO Prime is not the traditional "new coin listing," but rather utilizes digital tokens issued by the regulated issuer Republic to transform the high-threshold, low-liquidity non-standard assets of the primary market into priceable, tradable, and exit-able digital products.Ken pointed out that Pre-IPO opportunities have long been scarce, not only because the targets are of high quality but also due to the inherent high thresholds, strong circles, and low liquidity issues in the primary market. The launch of IPO Prime by Bitget aims to provide users with the opportunity to access potential economic benefits before the listing of unicorn companies through clearer product design and trading mechanisms within a compliant framework.The first phase of the preSPAX launched is an important attempt in this direction, focusing on providing users with a more flexible and tradable participation path.He further stated that from crypto trading to UEX, and now extending to the primary market, Bitget has been continuously pushing the boundaries of trading. In the future, the platform hopes to do more than just list more assets; it aims to further bridge the previously fragmented opportunity structures between different markets, allowing users to access earlier, higher quality, and more diverse global asset opportunities within the same system.

The digital asset trading platform Gate has announced the launch of a digital Pre-IPOs participation mechanism, and the Pre-IPOs market reservation portal is now open. The platform will publicly issue digital stocks, allowing users to subscribe directly using stablecoins within the platform, without the need for complex processes or high capital thresholds, giving more ordinary users the opportunity to participate in high-quality Pre-IPOs projects.Gate has taken the lead in laying out digital stocks and TradFi trading zones, and has introduced various traditional assets such as stocks, indices, foreign exchange, and commodities into its product lines including spot and contracts, placing its comprehensive strength at the forefront of the industry.In the future, Gate will continue to enrich the types of assets on the platform, optimize user experience and participation pathways, provide users with more diverse and convenient investment options, and enhance the flexibility and efficiency of global asset allocation.

Jupiter launches Pre-IPO trading features, supported by the Pre-IPO stock tokenization liquidity platform PreStocks.

According to Bloomberg, informed sources have revealed that the UK fintech company Revolut is considering a new round of stock sales in the second half of this year, as investors rush to buy shares of the company ahead of a potential public listing. This new round of sales will continue a series of transactions from last year, when the company's valuation rose from $45 billion in 2024 to $75 billion.Sources say that Revolut investors have been pushing for a new round of transactions at a valuation of at least $100 billion, and any new round may continue the mixed model of previous transactions. The review is still in the early stages, and no decisions have been made regarding the scale or timing of the stock sale.Investors and bankers are closely monitoring Revolut's financing progress, speculating that the company will ultimately apply for an IPO. Some informed sources indicate that the company's goal is to achieve a valuation of at least $150 billion through the listing. A representative for Revolut declined to comment.

Hangzhou Yunshen Technology Co., Ltd. has completed hundreds of millions of RMB in Pre-IPO financing. This round of financing was led by the National Artificial Intelligence Industry Fund, with participation from a major internet company.

According to The Block, Gemini has released its first quarterly financial report since going public, showing a net revenue of nearly $50 million in the third quarter, a 52% increase quarter-over-quarter. Trading volume reached $16.4 billion, up 45% from the previous quarter, with institutional trading volume growing by nearly 50%. Trading fees exceeded $26 million, and service revenue was approximately $20 million, accounting for nearly 40%, a significant increase from less than 30% in the same period last year.Gemini's crypto credit card has performed well, with over 100,000 accounts opened and quarterly spending reaching $350 million, doubling quarter-over-quarter; staking balances reached $741 million. The company has also obtained a European MiCA license, entered Australia in early October, and launched a self-custody wallet to accelerate its international expansion. Gemini has repaid its debts and established a $150 million credit line for credit card receivables, expecting annual service and interest income of $60 million to $70 million.However, due to IPO-related stock compensation and marketing expenses, the company reported a net loss of $159.5 million, or $6.67 per share, with an adjusted EBITDA of -$52.4 million. Following the earnings report, GEMI's stock price plummeted over 11% in after-hours trading, falling below $15, marking a new low since its listing, as investors worried about the widening losses.

ChainCatcher news, according to official sources, Injective has announced the launch of an on-chain Pre-IPO market, aimed at allowing global investors to trade synthetic assets of major private companies, including OpenAI.This new product allows users to trade private company valuations with up to 5x leverage directly through Injective.