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 statsLoading chart…
- Last close
- $407
- Close-to-close change
- +4.0%
- 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 | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
|
|
$407 | $1.6T | 447.8 | Unavailable | $94.8BFY ended 2025-12-31 · 10-K | −2.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 3,794,000,000FY ended 2025-12-31, attributable to the company · 10-K | 4.6%FY ended 2025-12-31 |
|
|
$81 | $67.9B | 17.6 | Unavailable | $185.0BFY ended 2025-12-31 · 10-K | −1.3%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 2,697,000,000FY ended 2025-12-31, attributable to the company · 10-K | 1.6%FY ended 2025-12-31 |
| R Rivian Automotive, Inc. RIVN · Price dated Oct 27, 2026 | $12 | $16.1B | Not 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 |
|
|
$195 | $262.6B | 31.6 | Unavailable | $88.6BFY ended 2025-12-31 · 10-K | +9.7%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 6,732,000,000FY ended 2025-12-31, attributable to the company · 10-K | 10.5%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
+24.1% over displayed period
● TSLAx token┄ TSLA stock: $407.46
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.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-04 | 327.60 | 327.35 | 2026-08-04 20:00 |
| 2026-08-05 | 321.77 | 321.55 | 2026-08-05 20:00 |
| 2026-08-06 | 319.34 | 319.53 | 2026-08-06 20:00 |
| 2026-08-07 | 328.56 | 328.58 | 2026-08-07 20:00 |
| 2026-08-10 | 330.41 | 330.88 | 2026-08-10 20:00 |
| 2026-08-11 | 332.57 | 332.81 | 2026-08-11 20:00 |
| 2026-08-12 | 327.33 | 327.51 | 2026-08-12 20:00 |
| 2026-08-13 | 339.84 | 339.96 | 2026-08-13 20:00 |
| 2026-08-14 | 342.19 | 342.27 | 2026-08-14 20:00 |
| 2026-08-17 | 339.31 | 339.30 | 2026-08-17 20:00 |
| 2026-08-18 | 336.76 | 336.87 | 2026-08-18 20:00 |
| 2026-08-19 | 350.81 | 351.12 | 2026-08-19 20:00 |
| 2026-08-20 | 344.93 | 345.13 | 2026-08-20 20:00 |
| 2026-08-21 | 363.21 | 362.86 | 2026-08-21 20:00 |
| 2026-08-24 | 349.40 | 348.95 | 2026-08-24 20:00 |
| 2026-08-25 | 350.44 | 350.25 | 2026-08-25 20:00 |
| 2026-08-26 | 345.96 | 345.82 | 2026-08-26 20:00 |
| 2026-08-27 | 354.49 | 354.81 | 2026-08-27 20:00 |
| 2026-08-28 | 348.43 | 348.75 | 2026-08-28 20:00 |
| 2026-08-31 | 368.11 | 367.95 | 2026-08-31 20:00 |
| 2026-09-01 | 356.26 | 356.09 | 2026-09-01 20:00 |
| 2026-09-02 | 356.40 | 357.01 | 2026-09-02 20:00 |
| 2026-09-03 | 376.26 | 376.37 | 2026-09-03 20:00 |
| 2026-09-04 | 353.98 | 354.08 | 2026-09-04 20:00 |
| 2026-09-08 | 367.67 | 368.16 | 2026-09-08 20:00 |
| 2026-09-09 | 367.89 | 367.81 | 2026-09-09 20:00 |
| 2026-09-10 | 363.21 | 363.56 | 2026-09-10 20:00 |
| 2026-09-11 | 365.20 | 365.44 | 2026-09-11 20:00 |
| 2026-09-14 | 358.97 | 358.97 | 2026-09-14 20:00 |
| 2026-09-15 | 356.15 | 356.58 | 2026-09-15 20:00 |
| 2026-09-16 | 357.92 | 358.08 | 2026-09-16 20:00 |
| 2026-09-17 | 366.16 | 366.20 | 2026-09-17 20:00 |
| 2026-09-18 | 364.26 | 364.27 | 2026-09-18 20:00 |
| 2026-09-21 | 375.33 | 375.30 | 2026-09-21 20:00 |
| 2026-09-22 | 378.85 | 378.90 | 2026-09-22 20:00 |
| 2026-09-23 | 379.78 | 380.12 | 2026-09-23 20:00 |
| 2026-09-24 | 378.18 | 377.94 | 2026-09-24 20:00 |
| 2026-09-25 | 372.41 | 372.11 | 2026-09-25 20:00 |
| 2026-09-28 | 357.86 | 357.45 | 2026-09-28 20:00 |
| 2026-09-29 | 352.87 | 352.84 | 2026-09-29 20:00 |
| 2026-09-30 | 354.55 | 354.81 | 2026-09-30 20:00 |
| 2026-10-01 | 354.60 | 354.11 | 2026-10-01 20:00 |
| 2026-10-02 | 370.48 | 370.59 | 2026-10-02 20:00 |
| 2026-10-05 | 378.53 | 378.73 | 2026-10-05 20:00 |
| 2026-10-06 | 380.33 | 380.68 | 2026-10-06 20:00 |
| 2026-10-07 | 377.65 | 377.81 | 2026-10-07 20:00 |
| 2026-10-08 | 374.64 | 375.00 | 2026-10-08 20:00 |
| 2026-10-09 | 382.68 | 382.70 | 2026-10-09 20:00 |
| 2026-10-12 | 377.87 | 378.03 | 2026-10-12 20:00 |
| 2026-10-13 | 375.78 | 375.23 | 2026-10-13 20:00 |
| 2026-10-14 | 366.65 | 367.16 | 2026-10-14 20:00 |
| 2026-10-15 | 362.70 | 362.44 | 2026-10-15 20:00 |
| 2026-10-16 | 354.41 | 354.72 | 2026-10-16 20:00 |
| 2026-10-19 | 368.02 | 368.06 | 2026-10-19 20:00 |
| 2026-10-20 | 373.65 | 373.71 | 2026-10-20 20:00 |
| 2026-10-21 | 386.28 | 386.47 | 2026-10-21 20:00 |
| 2026-10-22 | 376.50 | 374.58 | 2026-10-22 20:00 |
| 2026-10-23 | 372.40 | 372.22 | 2026-10-23 20:00 |
| 2026-10-26 | 391.19 | 391.62 | 2026-10-26 20:00 |
| 2026-10-27 | 406.70 | 407.46 | 2026-10-27 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.
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.
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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.

