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Blockchain venture Republic to offer digital tokens tracking shares of Elon Musk’s SpaceX

Blockchain venture Republic to offer digital tokens tracking shares of Elon Musk’s SpaceX

Retail investors gain access to private tech giants through Republic, but regulatory questions and liquidity risks remain for digital asset buyers.

Tesla Inc. (TSLA) price

Full chart and stats

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Market cap
$1.6T (shares as of 2026-10-15)
P/E (trailing)
447.8 (EPS to 2026-09-30)
Annual revenue
$94.8B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
−2.9% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
3,794,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
4.6% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Tesla Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Tesla Inc. TSLA · Price dated Oct 27, 2026 · tokenized TSLAx $407$1.6T447.8Unavailable$94.8BFY ended 2025-12-31 · 10-K−2.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K3,794,000,000FY ended 2025-12-31, attributable to the company · 10-K4.6%FY ended 2025-12-31
General Motors Co GM · Price dated Oct 27, 2026 $81$67.9B17.6Unavailable$185.0BFY ended 2025-12-31 · 10-K−1.3%FY ended 2025-12-31 vs 2024-12-31 · 10-K2,697,000,000FY ended 2025-12-31, attributable to the company · 10-K1.6%FY ended 2025-12-31
Rivian Automotive, Inc. RIVN · Price dated Oct 27, 2026 $12$16.1BNot meaningfulLoss, diluted EPS −2.59
to 2026-06-30 · SEC filing
Unavailable$5.4BFY ended 2025-12-31 · 10-K+8.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K−3,646,000,000FY ended 2025-12-31, attributable to the company · 10-K−66.5%FY ended 2025-12-31
RTX Corporation RTX · Price dated Oct 27, 2026 $195$262.6B31.6Unavailable$88.6BFY ended 2025-12-31 · 10-K+9.7%FY ended 2025-12-31 vs 2024-12-31 · 10-K6,732,000,000FY ended 2025-12-31, attributable to the company · 10-K10.5%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes, CoinGecko and Databento. Oldest record refresh: Oct 27, 2026, 8:26 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Token vs underlying stock

Current comparison for TSLA. Historical observations may postdate this article.

TSLAx token unit vs TSLA share · USD

$406.70Oct 27 UTC

+24.1% over displayed period

● TSLAx token┄ TSLA stock: $407.46

Aug 4, 2026: token $327.60 at 20:00 UTC; stock close $327.35 Aug 5, 2026: token $321.77 at 20:00 UTC; stock close $321.55 Aug 6, 2026: token $319.34 at 20:00 UTC; stock close $319.53 Aug 7, 2026: token $328.56 at 20:00 UTC; stock close $328.58 Aug 10, 2026: token $330.41 at 20:00 UTC; stock close $330.88 Aug 11, 2026: token $332.57 at 20:00 UTC; stock close $332.81 Aug 12, 2026: token $327.33 at 20:00 UTC; stock close $327.51 Aug 13, 2026: token $339.84 at 20:00 UTC; stock close $339.96 Aug 14, 2026: token $342.19 at 20:00 UTC; stock close $342.27 Aug 17, 2026: token $339.31 at 20:00 UTC; stock close $339.30 Aug 18, 2026: token $336.76 at 20:00 UTC; stock close $336.87 Aug 19, 2026: token $350.81 at 20:00 UTC; stock close $351.12 Aug 20, 2026: token $344.93 at 20:00 UTC; stock close $345.13 Aug 21, 2026: token $363.21 at 20:00 UTC; stock close $362.86 Aug 24, 2026: token $349.40 at 20:00 UTC; stock close $348.95 Aug 25, 2026: token $350.44 at 20:00 UTC; stock close $350.25 Aug 26, 2026: token $345.96 at 20:00 UTC; stock close $345.82 Aug 27, 2026: token $354.49 at 20:00 UTC; stock close $354.81 Aug 28, 2026: token $348.43 at 20:00 UTC; stock close $348.75 Aug 31, 2026: token $368.11 at 20:00 UTC; stock close $367.95 Sep 1, 2026: token $356.26 at 20:00 UTC; stock close $356.09 Sep 2, 2026: token $356.40 at 20:00 UTC; stock close $357.01 Sep 3, 2026: token $376.26 at 20:00 UTC; stock close $376.37 Sep 4, 2026: token $353.98 at 20:00 UTC; stock close $354.08 Sep 8, 2026: token $367.67 at 20:00 UTC; stock close $368.16 Sep 9, 2026: token $367.89 at 20:00 UTC; stock close $367.81 Sep 10, 2026: token $363.21 at 20:00 UTC; stock close $363.56 Sep 11, 2026: token $365.20 at 20:00 UTC; stock close $365.44 Sep 14, 2026: token $358.97 at 20:00 UTC; stock close $358.97 Sep 15, 2026: token $356.15 at 20:00 UTC; stock close $356.58 Sep 16, 2026: token $357.92 at 20:00 UTC; stock close $358.08 Sep 17, 2026: token $366.16 at 20:00 UTC; stock close $366.20 Sep 18, 2026: token $364.26 at 20:00 UTC; stock close $364.27 Sep 21, 2026: token $375.33 at 20:00 UTC; stock close $375.30 Sep 22, 2026: token $378.85 at 20:00 UTC; stock close $378.90 Sep 23, 2026: token $379.78 at 20:00 UTC; stock close $380.12 Sep 24, 2026: token $378.18 at 20:00 UTC; stock close $377.94 Sep 25, 2026: token $372.41 at 20:00 UTC; stock close $372.11 Sep 28, 2026: token $357.86 at 20:00 UTC; stock close $357.45 Sep 29, 2026: token $352.87 at 20:00 UTC; stock close $352.84 Sep 30, 2026: token $354.55 at 20:00 UTC; stock close $354.81 Oct 1, 2026: token $354.60 at 20:00 UTC; stock close $354.11 Oct 2, 2026: token $370.48 at 20:00 UTC; stock close $370.59 Oct 5, 2026: token $378.53 at 20:00 UTC; stock close $378.73 Oct 6, 2026: token $380.33 at 20:00 UTC; stock close $380.68 Oct 7, 2026: token $377.65 at 20:00 UTC; stock close $377.81 Oct 8, 2026: token $374.64 at 20:00 UTC; stock close $375.00 Oct 9, 2026: token $382.68 at 20:00 UTC; stock close $382.70 Oct 12, 2026: token $377.87 at 20:00 UTC; stock close $378.03 Oct 13, 2026: token $375.78 at 20:00 UTC; stock close $375.23 Oct 14, 2026: token $366.65 at 20:00 UTC; stock close $367.16 Oct 15, 2026: token $362.70 at 20:00 UTC; stock close $362.44 Oct 16, 2026: token $354.41 at 20:00 UTC; stock close $354.72 Oct 19, 2026: token $368.02 at 20:00 UTC; stock close $368.06 Oct 20, 2026: token $373.65 at 20:00 UTC; stock close $373.71 Oct 21, 2026: token $386.28 at 20:00 UTC; stock close $386.47 Oct 22, 2026: token $376.50 at 20:00 UTC; stock close $374.58 Oct 23, 2026: token $372.40 at 20:00 UTC; stock close $372.22 Oct 26, 2026: token $391.19 at 20:00 UTC; stock close $391.62 Oct 27, 2026: token $406.70 at 20:00 UTC; stock close $407.46
Aug 4$319.34 to $407.46Oct 27

Source: CoinGecko + Gloria · Retrieved Oct 28, 06:37 UTC

Methodology and data

Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.

Tesla token vs Tesla stock: exact source values
Date (UTC)Token (USD)Stock close (USD)Token quote (UTC)
2026-08-04327.60327.352026-08-04 20:00
2026-08-05321.77321.552026-08-05 20:00
2026-08-06319.34319.532026-08-06 20:00
2026-08-07328.56328.582026-08-07 20:00
2026-08-10330.41330.882026-08-10 20:00
2026-08-11332.57332.812026-08-11 20:00
2026-08-12327.33327.512026-08-12 20:00
2026-08-13339.84339.962026-08-13 20:00
2026-08-14342.19342.272026-08-14 20:00
2026-08-17339.31339.302026-08-17 20:00
2026-08-18336.76336.872026-08-18 20:00
2026-08-19350.81351.122026-08-19 20:00
2026-08-20344.93345.132026-08-20 20:00
2026-08-21363.21362.862026-08-21 20:00
2026-08-24349.40348.952026-08-24 20:00
2026-08-25350.44350.252026-08-25 20:00
2026-08-26345.96345.822026-08-26 20:00
2026-08-27354.49354.812026-08-27 20:00
2026-08-28348.43348.752026-08-28 20:00
2026-08-31368.11367.952026-08-31 20:00
2026-09-01356.26356.092026-09-01 20:00
2026-09-02356.40357.012026-09-02 20:00
2026-09-03376.26376.372026-09-03 20:00
2026-09-04353.98354.082026-09-04 20:00
2026-09-08367.67368.162026-09-08 20:00
2026-09-09367.89367.812026-09-09 20:00
2026-09-10363.21363.562026-09-10 20:00
2026-09-11365.20365.442026-09-11 20:00
2026-09-14358.97358.972026-09-14 20:00
2026-09-15356.15356.582026-09-15 20:00
2026-09-16357.92358.082026-09-16 20:00
2026-09-17366.16366.202026-09-17 20:00
2026-09-18364.26364.272026-09-18 20:00
2026-09-21375.33375.302026-09-21 20:00
2026-09-22378.85378.902026-09-22 20:00
2026-09-23379.78380.122026-09-23 20:00
2026-09-24378.18377.942026-09-24 20:00
2026-09-25372.41372.112026-09-25 20:00
2026-09-28357.86357.452026-09-28 20:00
2026-09-29352.87352.842026-09-29 20:00
2026-09-30354.55354.812026-09-30 20:00
2026-10-01354.60354.112026-10-01 20:00
2026-10-02370.48370.592026-10-02 20:00
2026-10-05378.53378.732026-10-05 20:00
2026-10-06380.33380.682026-10-06 20:00
2026-10-07377.65377.812026-10-07 20:00
2026-10-08374.64375.002026-10-08 20:00
2026-10-09382.68382.702026-10-09 20:00
2026-10-12377.87378.032026-10-12 20:00
2026-10-13375.78375.232026-10-13 20:00
2026-10-14366.65367.162026-10-14 20:00
2026-10-15362.70362.442026-10-15 20:00
2026-10-16354.41354.722026-10-16 20:00
2026-10-19368.02368.062026-10-19 20:00
2026-10-20373.65373.712026-10-20 20:00
2026-10-21386.28386.472026-10-21 20:00
2026-10-22376.50374.582026-10-22 20:00
2026-10-23372.40372.222026-10-23 20:00
2026-10-26391.19391.622026-10-26 20:00
2026-10-27406.70407.462026-10-27 20:00

Stock history: Gloria · Retrieved Oct 28, 00:50 UTC. Token history: CoinGecko TSLAx.

Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.

Global investment platform Republic is launching digital tokens that track the private share performance of SpaceX, expanding its strategy to offer retail investors exposure to top-tier companies, according to a report released on Wednesday.

Republic will begin selling tokens that mirror SpaceX’s private shares this week, with plans to expand to other major private firms such as OpenAI and Anthropic. The platform specializes in a wide range of alternative assets, including early-stage startups, real estate, crypto projects, and video games, among others.

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These tokens, which do not equate to actual company stakes, mirror the performance of private shares and are based on secondary market trends. Republic’s initiative, permissible under the JOBS Act through a Regulation Crowdfunding exemption, does not require the approval of the tokenized companies, the company stated.

“I’m confident in the tokens’ legality, but it’s possible regulators might take a different view,” said Republic CEO Kendrick Nguyen.

Investors don’t own shares of SpaceX, but rather digital tokens issued by Republic that entitle them to cash payouts if SpaceX’s value increases.

The initiative may face regulatory challenges, as past efforts to tokenize stocks have run into legal roadblocks. Binance’s 2021 Tesla token experiment ended after authorities raised concerns over licensing.

Kraken last month announced its plans to launch tokenized shares of 50 US stocks and ETFs, including Musk’s Tesla. The offer, however, will be available only to non-US investors.

Coinbase is seeking SEC approval to introduce tokenized stock trading, aiming to directly compete with leading retail brokers like Robinhood and Charles Schwab. The firm is pursuing a no-action letter from the SEC, which would provide assurance of compliance with securities laws and facilitate institutional adoption of crypto and blockchain technologies.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.