Republic Launches rSpaceX Token on Solana for SpaceX Share Exposure

Republic, an investment platform, has introduced a new token called rSpaceX, which is linked to the performance of SpaceX shares. This token is built on the Solana blockchain and is designed to offer retail investors exposure to the valuation of SpaceX without requiring them to own actual shares. The token is priced based on secondary market evaluations and will entitle holders to any price increase in the event of a potential future IPO, acquisition, or other liquidity event. The initial purchase is capped at $5,000, with a minimum investment of $50 using Apple Pay or USDC stablecoin. The pricing is targeted at $225–$275 per share equivalent, reflecting SpaceX’s $350 billion valuation.

Republic plans to expand this initiative with over 20 additional Mirror Tokens, which will provide tokenized shares of other high-valued private companies such as xAI, Ramp, Cursor, and Perplexity. The company aims to use its regulatory licenses and experience in fintech innovation to make these investments accessible to a broader audience, including those in regions where strict regulations prevent individuals from investing in private companies.

Nick Ducoff, Head of Institutional Growth at Solana Foundation, highlighted that Solana’s high-performance infrastructure is well-suited for tokenizing real-world assets at scale. Republic has created a security token asset standard to mint the rSpaceX token on the Solana blockchain, leveraging the platform's capabilities for this innovative financial product. ETF Store president Nick Geraci commended Republic’s efforts, noting the regulatory challenges but acknowledging the platform’s push to advance tokenization.

Pre-IPO marketplace platforms have traditionally allowed only accredited investors to buy shares in private companies. Republic’s Mirror Tokens on the Solana blockchain represent a significant innovation in pre-IPO investing, making private markets more accessible and liquid globally. Kendrick Nguyen of Republic described this as a major step forward in democratizing access to private investments.