SpaceX shares are now on the Solana blockchain. And Republic is behind it.
What’s happening:
- Crowdfunding platform Republic has officially launched tokenized shares of Elon Musk’s SpaceX for trading on their platform
Why it matters:
- This is the first time ever that SpaceX shares have become available to non-accredited investors and been tokenized on the blockchain
Going deeper:
- Republic’s new rSpaceX token is built on the Solana blockchain and allows anyone to invest with a minimum purchase of $50.00 USD and a maximum purchase of $5,000.00 USD
- The rSpaceX token is created through using the U.S. Regulation Crowdfunding exemption and is intended to mirror the performance of SpaceX’s private shares
The fine print:
- The tokenization of SpaceX shares is not endorsed or issued by SpaceX and will ultimately rely on an IPO or acquisition to have a payout to investors
