Republic to Offer Tokenized rSpaceX Shares for Retail Investors
Investment firm Republic will allow retail investors to invest in Elon Musk's SpaceX through blockchain-based rSpaceX tokens.
- The rSpaceX tokens track the value of SpaceX, valued at $350 billion as of December.
- Each token is a promissory note under Regulation Crowdfunding from the 2012 JOBS Act.
- Investors won't be shareholders but can participate in price action.
- Future token launches may include shares from OpenAI and Anthropic.
- Tokens will trade on INX, with a one-year holding period required.
- Paimon Finance launched SPCX tokens for similar exposure to SpaceX shares.
Republic does not require permission from SpaceX for these offerings, according to CEO Kendrick Nguyen.