# PrivateEquity

#PreIPOsSeason2OpenAISubscription
Gate Pre-IPOs Season 2: OpenAI Subscription Now Live Following SpaceX
Deal Terms: 27,700 units available at $722 per unit
Mechanism: Compliant mirror note structure for qualified participants
Theme: Pre-IPO access to top private companies before public listing
What It Solves
Everyday investors typically can’t access high-growth private companies pre-IPO. SpaceX was Gate’s Season 1 debut. OpenAI is Season 2.
Gate uses a mirror note mechanism to replicate economic exposure to OpenAI shares while remaining compliant. This opens a pre-IPO window for qualified par

Gate Pre-IPOs Phase 2 Opens Access to OpenAI as Tokenized Markets Reach Top-Tier Assets
Capital markets just got a new on-ramp. Gate’s Pre-IPOs Phase 2 is moving beyond private aerospace and into artificial intelligence, with subscription access to OpenAI set to open soon. After Phase 1 delivered exposure to SpaceX through tokenized instruments, the platform is extending the same structure to one of the most discussed technology firms globally, giving qualified participants a path to early-stage exposure without traditional barriers.
How the subscription is structured
Phase 2 supports dual-c