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Republic’s rSpaceX token provides economic exposure to SpaceX via blockchain without giving ownership or equity rights.
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Tokens will be minted in Solana, and will then be tradable after the lockup. Future Mirror Tokens for over 20 companies are planned.
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The initiative aims to increase access to private markets by allowing retail investors around the world to invest in products linked to startups.
On June 25, 2025 investment platform Republic will launch a new token, rSpaceX. This token gives global investors exposure without owning SpaceX’s equity. The token is part Republic’s Mirror Tokens Series and is minted using a proprietary security standard on the Solana Blockchain.
The rSpaceX token reflects a value of SpaceX shares, and provides economic exposure in case of an IPO or acquisition, as well as other liquidity events. It does not represent ownership or equity of SpaceX. Republic confirmed that the company is in no way affiliated with SpaceX.
The public can access the offering with a $50 minimum investment. To encourage a wider participation, the maximum purchase is $5,000. Apple Pay or stablecoins are accepted as payment methods. Republic plans to trade these tokens on a regulated second market once it has completed its acquisition of INX.
Solana Chosen For Speed and Scale
Republic chose Solana as the host for rSpaceX due to its low-cost, high-speed infrastructure. The blockchain’s architecture allows for the tokenization of assets at large scale, making it ideal for private market investments. This marks a change in Republic’s approach to providing retail investors with access to illiquid markets.
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The company stated that the rSpaceX Token is only the first in a series of Mirror Tokens. Future token offerings will include tokens linked to other private companies such as xAI Cursor Ramp and Perplexity. Twenty more companies will be tokenized in total.
Republic’s goal is to increase investment access by combining blockchain infrastructure with fintech expertise. Kendrick Nguyen said that this model offers liquidity 24/7 and opens up regulated markets for users around the world.
The Legal Structure of Republic
Republic, based out of New York, is a digital asset platform that offers a full stack. It has regulatory licenses for both primary issuance and second trading. It manages more than $3 billion in assets, and serves over three million members in 150 countries.
The rSpaceX Token is offered under U.S. Securities Exemptions and comes with jurisdictional restrictions. It is classified as security and is subject to resale limitations. The token provides economic exposure but does not include voting or direct claims against SpaceX.
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