rSpaceX is the first offering in Republic’s new Mirror Tokens program. With investments starting at $50, Mirror Tokens allow anyone around the world to invest in the economic performance of the world’s most highly valued private companies for the first time ever.

The value of the rSpaceX token is intended to mirror the performance of Space Exploration Technologies Corp. (commonly referred to as “SpaceX”) shares based on what the firm believes is the latest reliable publicly available valuation. In the case of a qualifying liquidity event, such as IPO, direct listing, or acquisition, rSpaceX holders receive a payout that reflects any change in value of SpaceX’s common shares (plus dividends received by such shares) since the purchase date.* 

SpaceX is currently the most highly valued private company on the planet at $350B as of December 2024.

*Please review the offering documents for additional details

Nearly $13B in government contracts to date

SpaceX’s contracts with NASA have been central to its growth. After retiring the Space Shuttle in 2011, the US government relied on Russian rockets for astronaut transport until SpaceX’s Crew Dragon launched in 2020. 

Contracts include Commercial Crew Program for Crew Dragon ($4.9B since 2014), Commercial Resupply Services for Cargo Dragon (35 missions to date), and lunar missions, including a $2.9B contract for the Artemis program, which aims to allow NASA to maintain a sustainable presence on the moon.

Critically, NASA provides oversight and funding while SpaceX retains ownership of its technology and intellectual property. This model drives innovation and reduces costs for NASA while bolstering SpaceX’s relevance—and profits.

The world’s first reusable rocket

The next generation of SpaceX’s technology is Starship, a larger and more powerful launch vehicle being developed as the first reusable rocket.

In comparison to the current Falcon 9, Starship is 74% taller and has 400% more payload capacity. Starship’s key missions and goals include:

• NASA’s Artemis program’s goal is to land the first humans on the moon since Apollo
• Transporting massive payloads of satellites to expand the Starlink constellation
• Suborbital commercial flights to carry humans across the planet in under an hour
• The potential for flights that lead to the colonization of Mars

With Starship, SpaceX aims to cut interplanetary launches to $10M, a fraction of the current $100M cost and the price tag of $2 billion experienced with other providers.  

Reserving your investment in rSpaceX is easy by following these simple step

1. rSpaceX tokens are priced at $1.00 each*
2. The minimum amount to reserve is $50. The maximum amount is $5,000
3. Reserve your amount to invest using Apple Pay or USDC
4. Complete your investment once the offering goes live
5. Receive rSpaceX tokens minted on the Solana blockchain
6. Tokens are anticipated to become tradeable on a secondary exchange following the applicable regulatory lockup period 
7. If a qualifying liquidity event such as an IPO, direct listing, or acquisition occurs, a payout provides you with an amount equivalent to the increase in SpaceX share value from your purchase and any connected dividends**

*Notes and corresponding tokens will be priced at $1.00.  Republic will set the corresponding SpaceX share price for the rSpaceX tokens at or near the prevailing secondary market price. Republic is targeting a range of $225-$275 per share. Before any payment is collected and investors confirm their investment commitment, exact price per token will be publicly finalized and disclosed 

 **Please review the offering documents for additional details