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SpaceX, founded by Elon Musk in 2002, is currently the world's largest and most disruptive commercial aerospace company. The SPCX asset certificate is a mirror note (Mirror Note) before the SpaceX IPO. It is used to mirror the market value of SpaceX before and after its listing. It is a "Contingent Payout Note" (Contingent Payout Note). By obtaining hedging exposure to SpaceX stocks in the market, Gate provides users with multiple exit methods or long-term holding methods that are consistent with the reasonable market value of the target company.