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Republic moved quickly to take part in the new space revolution’s earliest days, placing its first investment in May 2019.
That early conviction has never wavered. Branches across Republic have offered dozens of investment opportunities throughout the entire space spectrum from rockets and launch to lunar missions and orbital AI.
As the market evolves, Republic investment offerings evolve right along with it. Tokenized opportunities like the rSPAX Mirror Token, Bitget partnership, and Republic Note achieve two key goals - tapping into the upside of later stage space company valuation movements and expanding access to investors around the world.
Here are a few highlights of Republic’s space portfolio, starting with the company soon to go public in the world’s largest ever IPO.
SpaceX
Republic Investment: May 2020
Projected IPO Valuation: $1.75T
SpaceX is a world leader in space launch and satellite internet communications. The company accounts for more than 80% of commercial space launches worldwide with 167 missions last year.1 Its Starlink internet service is growing rapidly, doubling in the last year and recently crossing 10 million subscribers.2 The company is now turning to the development of orbital AI data centers, the driving force behind its acquisition of xAI.
Relativity Space
Republic Investments: May 2019, Oct 2019, Nov 2020, and Oct 2021
Company Valuation: $5.8B
Relativity Space’s competitive differentiation is its rapid, large-scale 3D printing capabilities intended to transform rocket production. Its heavy lift reusable Terran R rocket offers the capacity to carry large scale satellite constellations with the next launch scheduled for late 2026. The company received a boost last year when former Google CEO Eric Schmidt acquired a controlling interest and joined as CEO.3
Firefly Aerospace
Republic Investments: Sept 2021, July 2022, Mar 2023
Company Valuation: $7.0B public market cap (August 2025 IPO)
Firefly Aerospace is making major strides across a number of key fronts. Their Blue Ghost Mission 1 executed the longest commercial lunar landing in history.4 The company added AI software through its SciTec acquisition and secured a placement in the historic $151 billion SHIELD defense contract.5 6 Its lunar and defense capabilities helped the company secure a public market cap of roughly $7.0 billion following its IPO.7
Axiom Space
Republic Investments: Oct 2021, Aug 2022, Mar 2023
Current Company Valuation: $2.5B
Axiom’s major initiatives involve developing the next generation of space stations and space suits. Following successful private astronaut missions, the company is currently building Axiom Station, designed as a successor to the aging International Space Station (ISS). In parallel, the company is creating spacesuits for NASA’s upcoming Artemis lunar missions.8
K2 Space
Republic Investments: Feb 2023, Jan 2024
Company Valuation: $3.0B
K2 Space is building the infrastructure necessary for the era of orbital cloud computing and AI data centers. Its versatile platform is built to support the coming mega satellite constellations. K2 also developed the most powerful electric propulsion thruster ever, designed to move large payloads through space.9 Its soon to be launched Gravitas satellite will be deployed as part of the U.S. Space Force STRAT FI national security program.10
As space companies moved into later stages, Republic developed new ways to bring more investors the opportunity to benefit from the growth upside. With tokenization, investors no longer have to shell out five or six figures to invest.
Late stage investing and worldwide access
The Republic Note token provides investors the opportunity to benefit from gains made across the entire Republic portfolio, including all the space investments mentioned above.
The Republic Mirror Token first created in summer 2025 is another leap forward, providing investors with payout potential tied to qualified liquidity events like an IPO. The first tranche of rSPAX carries a reference valuation of $550 million, a figure well below the valuation SpaceX may soon realize on IPO day.
Our recently launched Bitget IPO Prime partnership goes even one step further. Republic’s end-to-end infrastructure is behind Bitget’s preSPCX token. preSPCX offers global investors immediate trading liquidity, qualified liquidity payout potential, and the option to convert IPO Prime tokens into a tokenized version of the public stock.
The applications in the space market are vast. Republic has been helping investors gain access to leading companies for seven years and will continue to pursue new offerings as the sector expands into manned lunar missions, national security, orbital AI infrastructure, and yet to be discovered innovations.
This material is not an invitation to subscribe for shares in any fund, token, note or investment vehicle and is by way of information only. Sales of securities are made on the basis of an offering circular only and can not be not offered in any jurisdiction in which such offer is not authorized. Past performance is no assurance of future success.
1 Space
2 Broadband Breakfast
3 New York Times
4 The Guardian
5 Space News
6 Defense and Security Monitor
7 Yahoo Finance
8 NASA
9 Design and Development Today
10 AFWERX
None of the companies mentioned in this article have reviewed, approved, authorized, endorsed, sponsored, or consented to any aspect of this material.
This article is provided for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or investment product. References to companies are provided solely for informational purposes. None of the Companies mentioned have This information is provided by OpenDeal Inc (dba “Republic”) which is the parent company to affiliate organizations that provide technology, marketing, administrative support services, as well as regulated investment advisors, broker dealers, money transmitters and both EU and UK regulated entities. Republic is located at 149 5th Avenue, 10th Floor, New York, NY 10010. All securities-related transactions and offerings are facilitated exclusively through applicable, properly registered affiliates, each acting in conjunction with the respective issuers of such securities.
Certain companies discussed may have previously conducted offerings through Republic-affiliated platforms, and Republic or its affiliates may have received compensation in connection with such offerings and may continue to hold economic interests in such companies. The investment product “Republic Mirror Tokens” are deemed a security under United States securities laws which imposes complex parameters and restrictions on the offering, sale, and resale of securities to US persons—particularly non-accredited investors and issued by Republic affiliate RepublicX, LLC. If interested please learn more about the risks and information here: https://republic.com/mirror. Each Republic Note is a unit of Class B limited liability company membership interests in digital form issued by affiliate Republic Core LLC. Any references made about the Republic Note (sometimes "R/Note" or simply "Note") by Republic in either this or similar contexts denote the same equity instrument. The Republic Note is not a debenture, does not pay interest, does not have a maturity date, does not have priority over other debts of the Company, and is not collateralized by any specific asset of the issuer or any business entities within Republic. Please read the full Core disclaimer found here.
Past performance is not indicative of future results. Investments in private companies and alternative assets are speculative, involve substantial risk, and may result in the loss of an entire investment. Republic and its affiliates do not provide legal, tax, or investment advice.
