Republic Launches SpaceX-Linked Token on Solana, Plans 20 More Tokens

Investment platform Republic plans to use blockchain technology to offer investors exposure to SpaceX and other private companies.

The company has introduced rSpaceX, a Solana-based token tied to the performance of Elon Musk’s SpaceX shares.

This could have huge implications for the prices of DOGE and SOL tokens. Republic’s latest token launch is linked to Dogecoin-fan Elon Musk and the Solana blockchain.

Republic Launches Tokenized SpaceX Shares

Republic introduced Mirror Tokens, a new type of token tied to the performance of the world’s most valuable private companies.

This allows retail investors to invest in leading privately held companies like SpaceX, Figma, and Anthropic.

The company has started Mirror Tokens offering with rSpaceX token launch on the Solana blockchain.

These tokens are designed to “mirror” the performance of SpaceX shares, offering retail investors exposure to SpaceX’s valuation without owning actual shares.

More precisely, it’s not affiliated with SpaceX but aims to offer exposure to the private company’s equity.

The tokens will be 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 to enable more investors to purchase the tokenized share. The plan is to sell the tokens starting this week.

The pricing is targeted at $225–$275 per share equivalent, reflecting SpaceX’s $350 billion valuation, as reported by The Wall Street Journal on June 25.

Investors can participate with a minimum investment of $50 using Apple Pay or USDC stablecoin.

Republic Plans Over 20 Mirror Tokens

The company asserted the rSpaceX token as just the beginning of a series of Mirror Tokens for high-valued private companies.

It plans to offer tokenized shares of xAI, Ramp, Cursor, Perplexity, and 20 other companies with the Mirror Tokens project.

Strict regulations prevent individuals from investing in the United States’ private companies such as SpaceX.

However, Republic to use its regulatory licenses and 9 years of experience in fintech innovation to allow all to invest in the world’s most exciting private companies.

Solana’s Compatibility for Real Asset Tokenization

Nick Ducoff, Head of Institutional Growth at Solana Foundation, said Solana’s high-performance infrastructure is designed specifically for tokenizing real-world assets (RWA) at scale.

A Republic-created security token asset standard to mint the rSpaceX token on the Solana blockchain, said the company.

Moreover, ETF Store president Nick Geraci applauded Republic’s attempt to launch digital tokens offering exposure to SpaceX.

He added that there are “several regulatory hurdles to clear, but platforms like this are clearly trying to push the envelope on tokenization.”

Pre-IPO marketplace platforms such as EquityZen, Hiive, Forge, and Linqto have allowed only accredited investors to buy shares in private companies.

However, Republic’s Mirror Tokens on the Solana blockchain became the latest innovation in pre-IPO investing.

Kendrick Nguyen of Republic marked it as a major step forward to make the private markets more accessible and liquid globally.

DOGE and SOL Prices to Rally?

Historically, developments related to Elon Musk, from buying Twitter to payments, have triggered upside movement in Dogecoin price. However, the uncertainty in the markets and bearishness in altcoins have put traders on the sidelines.

DOGE price was little changed amid the announcement despite many posts on X. The price was trading flat at $0.16 at the time of writing.

Dogecoin was trading below the 50-SMA, 100-SMA, and 200-SMA. This technical weakness has caused traders to shift to other meme coins.

Meanwhile, Solana price fell 1% in the past 24 hours, with the price currently trading at $143.28. The 24-hour low and high were $143.04 and $147.77, respectively.

Furthermore, the trading volume has decreased by 40% in the last 24 hours, indicating a decline in interest among traders.

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