Republic announced plans to offer retail investors exposure to Elon Musk's SpaceX through blockchain-based rSpaceX tokens. These tokens, issued under Regulation Crowdfunding, will reflect the valuation of the privately held company.
Holders of rSpaceX tokens will not own shares but will track SpaceX's stock price movements. The tokens are slated to trade on INX, an exchange Republic is acquiring, with a one-year holding period. The tokens are expected to be available on June 25, 2025.
This follows SpaceX's valuation surge to $350 billion in December 2024, after buying back stock from insiders. Republic aims to democratize access to tech investments, with future token launches potentially including OpenAI and Anthropic shares.