Overview

Investment firm Republic is set to launch blockchain-based rSpaceX tokens that aim to reflect the value of Elon Musk’s highly regarded company, SpaceX. These tokens are designed as promissory notes under Regulation Crowdfunding, allowing holders to benefit from cash payouts if the company goes public or is sold, without actually owning any shares.

Key Details

• The tokens will be promoted by Republic on their platform starting this week.
• Holders will not be shareholders in SpaceX, which had a valuation of $350 billion as of December last year, but they will still experience the price fluctuations of the shares.
• Future token offerings may also explore shares of other companies like OpenAI and Anthropic.

Republic’s CEO, Kendrick Nguyen, clarified that they do not require permission from SpaceX to sell these tokens, as they qualify as securities sold by Republic. The trade of these tokens is set to occur on the INX exchange, although investors will face a one-year period before they can liquidate their assets.

Additional Notes

This innovative approach aims to democratize investment opportunities typically restricted to high-net-worth individuals, striving to reshape how retail investors access ownership in prominent tech companies.