- Republic launches Mirror Tokens, democratizing private company exposure by tracking performance of SpaceX via low-cost digital asset onchain.
- rSpaceX token open globally with $50 entry, mirrors equity value without ownership, tradable post-lockup on regulated secondary markets.
Investment platform Republic has announced the launch of Mirror Tokens, a blockchain-based financial product that tracks the financial outcomes of select private companies. The first token released under this model is rSpaceX, a token linked to the performance of SpaceX in the event of a liquidity event such as an initial public offering or acquisition.
The structure allows individuals worldwide to invest amounts as low as $50. Republic supports payment through Apple Pay and stablecoins. Until now, U.S. accreditation rules have excluded the majority of retail investors from participating in private company deals. By operating under U.S. registration exemptions and applying its existing regulatory licenses, Republic is opening this model to a wider public.
Mirror Tokens do not provide any ownership stake or equity in the referenced companies. Instead, they are financial instruments that replicate the economic exposure to company performance.
In the case of rSpaceX, the token’s value will follow publicly disclosed transaction data connected to SpaceX shares. The purchase of rSpaceX will be capped at $5,000 per investor during the initial offering.
After a lock-up period, Republic aims to make these tokens tradable on a regulated secondary exchange. This move depends on the completion of Republic’s pending acquisition of INX, a digital asset platform. The exchange will allow 24/7 trading under compliance with financial regulation, offering greater liquidity than traditional private markets.
The rSpaceX token is part of a broader strategy. Republic has confirmed plans to launch Mirror Tokens for other companies, including xAI, Ramp, Cursor, Perplexity, and at least twenty additional firms.
The tokens will be built on the Solana blockchain, selected for its high transaction capacity and infrastructure optimized for real-world asset tokenization. Republic has developed its own token standard to meet security and compliance demands in this context.
According to Republic CEO Kendrick Nguyen, the project represents a technical and regulatory alignment intended to expand retail access to private assets.
“We are using the tools available to create investment channels that didn’t exist for most people,” he said.
Republic’s Mirror Token initiative could introduce an alternative way for investors to engage with private company performance. The rSpaceX token is now available to the general public, subject to jurisdictional limitations and purchase limits.
