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space

Gate will launch the first phase project of Pre-IPOs, SpaceX (SPCX), supporting dual currency subscription with USDT/GUSD and 100% unlock

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.

SpaceX is reported to hold $600 million in BTC, Morgan Stanley lowers the fee rate for ETFs, Strategy Q1 has an unrealized loss of $14.5 billion

According to BBX data, today (April 13), the U.S. Senate resumed its full session after the Easter recess, and cryptocurrency concept stocks maintained wide fluctuations under the dual variables of policy expectations and geopolitical pressures. The core dynamics are as follows:SpaceX (not listed) according to on-chain data from Arkham Intelligence and a report from The Information on April 11, currently holds 8,285 BTC, with a market value of approximately $603 million, custodied on the Coinbase Global, Inc. (NASDAQ: $COIN) institutional custody platform Coinbase Prime; for the fiscal year 2025, it is expected to record a net loss of nearly $5 billion due to acquisition expenses from its subsidiary xAI (compared to a profit of approximately $8 billion in the same period last year). On-chain data shows that this holding has not changed since mid-2024. It should be noted that the above holding data comes from a third-party on-chain tracking platform, and SpaceX has not officially disclosed it through official documents.Morgan Stanley (NYSE: $MS) launched the Morgan Stanley Bitcoin Trust (NYSE Arca: $MSBT) on April 8, with a management fee rate set at 0.14%, lower than BlackRock's iShares Bitcoin Trust (NASDAQ: $IBIT) at 0.25%; $IBIT currently has a management scale of approximately $55 billion, making it the most liquid Bitcoin spot ETF in the market. Analysts point out that the low fee rate of $MSBT, combined with Morgan Stanley's vast wealth management client network, poses a direct challenge to the existing funding landscape of IBIT, marking a shift in competition in the Bitcoin ETF market from "access competition" to "fee and distribution competition."Strategy, Inc. (NASDAQ: $MSTR) disclosed by Bloomberg on April 6, reported a paper loss of approximately $14.5 billion in Bitcoin holdings for Q1 2026, marking the worst quarter for Bitcoin since 2018 (with a decline of over 20% during the quarter); nevertheless, as of April 5, the company still holds 766,970 BTC, with a total holding cost of approximately $58.02 billion (average price $75,644), and during this period, it continued to purchase an additional 4,871 BTC, with founder Michael Saylor having not sold any holdings to date.

Bitget launches US stock IPO subscription service, initially supporting stablecoin subscriptions for SpaceX

Bitget has launched the US stock IPO subscription service IPO Prime, further extending the UEX boundary into the primary market, aiming to break the traditional private equity investment threshold and provide global users with a new channel to participate in the potential economic benefits before unicorn companies go public. The first asset launched is preSPAX, a digital token issued by the regulated issuer Republic, designed to mirror the economic performance of SpaceX after its IPO on a 1:1 basis. SpaceX (Space Exploration Technologies Corp.) was founded by Elon Musk in 2002.Bitget IPO Prime adopts a subscription model, allowing users to obtain corresponding subscription quotas based on their VIP levels. After the token allocation is completed, users can trade in the upcoming over-the-counter market; they can also exchange for stock tokens or USDT, as instructed by the issuer, referencing the market price of the underlying company's stock after the lock-up period of the preSPAX underlying debt asset ends.Details of IPO Prime:Implied valuation of SpaceX: $1.5 trillionTotal subscription amount for IPO Prime: 94,000Total subscription value: $61,100,000Subscription price: 1 preSPAX = $650Investment currencies: USDT or USDGOTotal investment pool cap: $1,000,000,000Individual investment range: $1,000-$300,000Investment period: April 18, 14:00:00 to April 21, 14:00:00 (UTC+8)Allocation time: April 21, 14:00:00 to April 21, 18:00:00 (UTC+8)Over-the-counter trading opening time: April 21, 20:00:00 (UTC+8)
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