Republic launches rSpaceX tokens, debt recognitions linked to a potential SpaceX IPO or resale, without offering any equity or voting rights in the company.
Crypto Access to Private Companies: A New Era of Investment
These tokens mark a democratization of access to private companies, previously reserved for the elite, thanks to a structure compliant with the JOBS Act and upcoming listing on INX.
The model is already inspiring other projects, like Paimon Finance with its SPCX token, and Republic is preparing similar tokens for OpenAI and Anthropic, despite no official agreement from the companies involved.
A major step for tokenized finance. Starting this week, individual investors can bet on SpaceX… without purchasing a single share. It’s Republic leading the way with a new explosive product: rSpaceX tokens.
Republic Tokenizes SpaceX Shares of Elon Musk
The concept is simple yet powerful. rSpaceX tokens are ‘promissory notes,’ debt recognitions issued through the Regulation Crowdfunding mechanism of the 2012 JOBS Act. In essence: these tokens grant no voting rights, nor direct ownership in SpaceX, but allow holders to gain returns in case of an IPO or company resale.
And with SpaceX’s current valuation, estimated at $350 billion in December 2024, the potential is immense.
Objective: Democratize Access to Private Gems
Historically, SpaceX shares were reserved for an elite: VC funds, family offices, and institutional investors. Today, Republic breaks this barrier. Through blockchain and intricate regulatory compliance, it enables individuals to invest behind the scenes of Elon Musk’s company.
Even better: rSpaceX tokens will be listed on INX, a digital assets exchange that Republic is acquiring. The only catch: a one-year lockup period before being freely tradable.
A New Wave of Financial Tokens
Republic doesn’t plan to stop there. According to the Wall Street Journal, other similar products are in the works, targeting two AI giants: OpenAI and Anthropic. The goal is clear: offer everyone access to assets once reserved for the ultra-rich.
And the movement goes beyond Republic. This week, the Paimon Finance project, based on the BNB Smart Chain, also launched a token, SPCX, aiming to provide indirect exposure to SpaceX. The sector is buzzing.
No Musk Approval Needed
A detail causing some tension: neither SpaceX, OpenAI, nor any involved company has endorsed these initiatives. And for good reason: the tokens legally represent a debt issued by Republic, not official ownership in the targeted companies. A legal loophole embraced by Kendrick Nguyen, Republic’s CEO.
Tokenization Changing the Game
The tokenization of private shares is reshaping the finance landscape. By leveraging strong legal structures and blockchain power, platforms like Republic push the boundaries of investment. For crypto-natives and newcomers alike, it’s the perfect opportunity to bet on tomorrow’s champions, without going through the ‘private banker’ route.
And this is just the beginning.
