Retail Gets a Shot at SpaceX Gains
Plus 3 crypto unicorns have been minted this week, with 2 in the last day. Find out who they are...
GM!
Today's top news:
Crypto majors chop, memes dip; BTC holds at $107,000
Kalshi raises $185M at $2B valuation, besting Polymarket
Republic to offer tokenized access to SpaceX on Solana
Privacy startup Zama raises $57M at $1B valuation, 3rd crypto unicorn this week
CBOE files for PENGU + Pudgy Penguin NFT ETF
🚀 Republic Launches rSpaceX Tokens, Gives Retail Access to Private Markets
Retail investors can now bet on SpaceX’s future pre-IPO.
Republic just launched tokenized exposure to one of the most valuable private companies in the world.
📌 What Happened
Investment platform Republic has unveiled rSpaceX tokens - blockchain-based assets that mirror the economic upside of holding SpaceX equity.
The tokens will be minted on Solana suing Republic’s security token standard.
The offering is available under U.S. crowdfunding laws, letting non-accredited investors get in with as little as $50.
Token Name: rSpaceX
Raise Structure: Reg CF (Regulation Crowdfunding)
Minimum Investment: $50
Maximum Per Person: $5,000
Listing Plan: Tokens may become tradable on INX after a 12-month lockup
Future Plans: Republic says OpenAI and Anthropic are next in line for similar token offerings
Sounds too good to be true?
Well there is a catch - investors aren’t getting direct equity.
It works like this:
Step 1: Republic acquires (or gains exposure to) real SpaceX equity through private markets
Step 2: They tokenize that exposure into rSpaceX, a smart-contract-based asset
Step 3: You invest via Republic, receiving rSpaceX tokens in return
Step 4: If SpaceX IPOs or is acquired, Republic receives a payout and passes it on to token holders after fees
Step 5: After a 12-month lockup, rSpaceX may be tradable on INX, a regulated crypto securities exchange
Investors are not getting governance rights, dividends, or stock certificates.
But they are getting the right to a payout if a liquidity event happens.
🗣️ What They're Saying
“We believe ordinary investors should be able to participate in the upside of great private companies, just like VCs can.”
— Republic, via press release“rSpaceX doesn’t give you a share in SpaceX. It gives you exposure to potential returns from a liquidity event—like an IPO or acquisition.”
— Republic legal disclaimer
⚠️ Why It Matters
This is a big deal.
Until now, investing in unicorns like SpaceX, OpenAI, or Anthropic meant one thing: be a VC.
Republic is changing that, offering structured, tokenized exposure to top-tier private companies.
It’s not equity, but it’s the next best thing - and it’s wrapped in a blockchain-native package, fully legal for U.S. retail.
If this model works, we may be looking at the beginning of a new asset class for crypto-enabled public markets.
🌎 Macro Crypto and Memes
A few Crypto and Web3 headlines that caught my eye:
Crypto majors chopped on the day; BTC even at $107,200, ETH +1% at $2,450, XRP -1% at $2.17, SOL -2% at $144
Top movers were DEXE (+6%) and BCH (+3%)
CRCL stock fell another 10% on Wednesday, now below $200 per share
The Bitcoin ETFs saw over $1B in inflows in the past 2 sessions, totalling nearly $4B over the last 12
The US Director of Federal Housing ordered Fannie Mae and Freddie Mac to consider crypto holdings as collateral for mortgage loans
Kalshi raised $185M at a whopping $2B valuation in their latest round, according to the WSJ
Republic is selling SpaceX tokens on Solana mirroring their exposure to the company on the private market
SEC Commissioner Hester Peirce admitted that "the agency really mishandled Bitcoin exchange traded products."
In Corporate Treasuries
GameStop raised another $450M to potentially buy more BTC
In Memes
Memecoin leaders were red; DOGE -2%, Shiba -2%, PEPE -6%, TRUMP -2%, BONK -4%, SPX -8% & FARTCOIN -10%
CHILLHOUSE briefly soared 50% to a new ATH of $25M and flipped Housecoin in the wake of the Crypto mortgage news (above)
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token, protocol and airdrop news from the day:
World Liberty Fi teased that its WLFI token will be made transferable soon
The Mocaverse NFT project announced the Moca Chain, powered by its Moca token, and aiming to be the world’s largest identity network
Moonberg rolled out a new stimulus for certain users, claiming $4k-$10k in tokens ahead of their TGE for their comprehensive AI + data framework
Astroverse introduced their $1M Builder Accelerator on Abstract, where they will be running Shark Tank-like pitch contests and providing access to capital, advisory, creators, marketing and more
Zama raised $57M at a $1B valuation to bring privacy and encrypted smart contracts to public blockchains
🤖 AI x Crypto
Section dedicated to headlines in the AI sector of crypto:
Overall market cap fell 4% to $8.6B, leaders were red
FARTCOIN (-10%), VIRTUAL (-6%), ai16z (-8%), FAI (-1%) & AIXBT (-4%)
Nuit (+50%), ACOLYT (+28%) and Clanker (+20%) led top movers
🚚 What is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
ETH NFT leaders mostly chopped; Punks even at 39 ETH, Pudgy +1% at 9.4, BAYC -1% at 11.15 ETH
Mocaverse (+12%) led top movers after their new chain announcement
Abstract NFTs were mixed on the day, no notable movers
The CBOE filed for a PENGU and Pudgy Penguin NFT ETF, the first of its kind
Veefriends announced a collab with Steph Curry for its Manga Stickers
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