Now You Can Buy SpaceX — Should You?

“The great lesson in microeconomics is to discriminate between when technology is going to help you and when it’s going to kill you.”

~ Charlie Munger

July 10, 2025 — Earlier this month, something extraordinary happened:

Ordinary investors like you and me were offered the chance to buy “shares” in some of the fastest-growing private companies on Earth.

I’m talking about pre-IPO companies like OpenAI, Anthropic, even SpaceX.

But there’s a catch.

These aren’t actual shares. They’re something called tokens.

What’s going on here? Is this a breakthrough — or the next bubble?
Let’s unpack it.

Here’s What Just Happened

Two major investment platforms made headlines last week:

Robinhood started offering investors “tokenized shares” of OpenAI and SpaceX.
Republic launched a new offering called “Mirror Tokens” that are tied to four major startups: OpenAI, Anthropic, Epic Games, and SpaceX.

The pitch? These tokens give regular investors exposure to high-flying, pre-IPO companies—starting with as little as $50.

How It Actually Works

This isn’t like buying shares of Apple or Tesla in the stock market.

Instead, these platforms are using a concept called tokenization:

They take private shares, or derivatives tied to the private shares, and wrap them in a “token” that lives on the blockchain. (A blockchain is a digital ledger that records transactions in a secure, transparent way. It’s like a spreadsheet that everyone can see, but no one can change.)

So you’re not buying actual equity in OpenAI or SpaceX. Instead, you’re buying a digital token that’s meant to track the performance of that equity.

In Robinhood’s case, these tokens are available only to non-U.S. customers. In Republic’s case, the token sales are relying on SEC rules created by the JOBS Act — the regulations that have started opening up private investing to ordinary investors.

Tokenization is innovative. It’s clever.

But it also raises a lot of questions.

Continued Below…

[Urgent] Starlink Set For The Largest IPO In History?

He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant.

Then, he did it again with Tesla… which is up more than 19,500% since 2010.

For perspective, that turns $100 invested into almost $20,000!

And now, Elon could be set to do it for the third and final time… with what might be his biggest breakthrough yet.

And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO.

Click here now for the urgent details on this hidden play.

The Risks

Here are four risks you need to understand about tokenization.

1. You Might Not Own What You Think

Sam Altman, the founder of CEO of OpenAI, said OpenAI didn’t authorize the sale of these tokens, and reminded the public that actual equity transfers require company approval. In fact, OpenAI publicly disavowed Robinhood’s offering. Translation? These tokens might not be backed by enforceable ownership rights.

2. Regulatory Loopholes Are Being Exploited

Robinhood and Republic are threading the needle of U.S. securities law by targeting non-U.S. customers, or by using exemptions found in the JOBS Act. These strategies may be legal — but they also sidestep investor protections designed to keep retail investors safe.

3. Liquidity Isn’t Guaranteed

Despite being built on the blockchain, these tokens can only be traded on pre-approved digital “wallets,” on limited exchanges, or on exchanges that are planned for the future, but don’t yet exist. This is a far cry from truly liquid markets. In other words, don’t invest any capital here that you might need for your rent, mortgage, or groceries.

4. Lack of Transparency

The mechanics of pricing the tokens aren’t clear. Without this transparency, how will you know what your tokens are actually worth?

Many investment platforms are steering clear. For example, as Public’s co-CEO Leif Abraham put it, “We decided not to offer tokenized startup shares because of the risk and ambiguity for retail investors.”

Why It Still Matters

Despite the risks and ambiguity, the demand is obvious — and growing:

Individual investors are hungry for access to elite startups.As we explained last week, ordinary investors are starting to understand that there’s been a major shift: the biggest returns are now found in the private markets.
The JOBS Act helps. These new regulations enable any investor, regardless of income or net worth, to invest in a large universe of private startups. But getting access to the fastest-growing pre-IPO companies — like OpenAI or SpaceX — is still gated by wealth, access, and accreditation laws.
Tokenization could finally open up these markets to the masses.

Even if the first generation of these products is imperfect, the underlying trend is real.

It’s likely that regulators, institutions, and tech platforms will eventually find a middle ground — one that preserves investor protections while succeeding in broadening access.

The Bottom Line

This new wave of tokenized shares is exciting. It has the potential to break down walls and democratize access to pre-IPO giants.

But at the moment, it’s also risky, opaque, and largely unregulated.

So while we applaud the innovation, we urge caution — especially if you’re being offered something that seems too good to be true.

Best Regards,

Turn Your Images On

Founder Crowdability.com and Grey Swan

Now You Can Buy SpaceX — Should You?

“The great lesson in microeconomics is to discriminate between when technology is going to help you and when it’s going to kill you.”

~ Charlie Munger

July 10, 2025 — Earlier this month, something extraordinary happened:

Ordinary investors like you and me were offered the chance to buy “shares” in some of the fastest-growing private companies on Earth.

I’m talking about pre-IPO companies like OpenAI, Anthropic, even SpaceX.

But there’s a catch.

These aren’t actual shares. They’re something called tokens.

What’s going on here? Is this a breakthrough — or the next bubble?
Let’s unpack it.

Here’s What Just Happened

Two major investment platforms made headlines last week:

Robinhood started offering investors “tokenized shares” of OpenAI and SpaceX.
Republic launched a new offering called “Mirror Tokens” that are tied to four major startups: OpenAI, Anthropic, Epic Games, and SpaceX.

The pitch? These tokens give regular investors exposure to high-flying, pre-IPO companies—starting with as little as $50.

How It Actually Works

This isn’t like buying shares of Apple or Tesla in the stock market.

Instead, these platforms are using a concept called tokenization:

So you’re not buying actual equity in OpenAI or SpaceX. Instead, you’re buying a digital token that’s meant to track the performance of that equity.

Tokenization is innovative. It’s clever.

But it also raises a lot of questions.

Continued Below…

[Urgent] Starlink Set For The Largest IPO In History?

He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant.

Then, he did it again with Tesla… which is up more than 19,500% since 2010.

For perspective, that turns $100 invested into almost $20,000!

And now, Elon could be set to do it for the third and final time… with what might be his biggest breakthrough yet.

And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO.

Click here now for the urgent details on this hidden play.

The Risks

Here are four risks you need to understand about tokenization.

1. You Might Not Own What You Think

2. Regulatory Loopholes Are Being Exploited

3. Liquidity Isn’t Guaranteed

4. Lack of Transparency

The mechanics of pricing the tokens aren’t clear. Without this transparency, how will you know what your tokens are actually worth?

Why It Still Matters

Despite the risks and ambiguity, the demand is obvious — and growing:

Individual investors are hungry for access to elite startups.As we explained last week, ordinary investors are starting to understand that there’s been a major shift: the biggest returns are now found in the private markets.
The JOBS Act helps. These new regulations enable any investor, regardless of income or net worth, to invest in a large universe of private startups. But getting access to the fastest-growing pre-IPO companies — like OpenAI or SpaceX — is still gated by wealth, access, and accreditation laws.
Tokenization could finally open up these markets to the masses.

Even if the first generation of these products is imperfect, the underlying trend is real.

It’s likely that regulators, institutions, and tech platforms will eventually find a middle ground — one that preserves investor protections while succeeding in broadening access.

The Bottom Line

This new wave of tokenized shares is exciting. It has the potential to break down walls and democratize access to pre-IPO giants.

But at the moment, it’s also risky, opaque, and largely unregulated.

So while we applaud the innovation, we urge caution — especially if you’re being offered something that seems too good to be true.

Best Regards,

Turn Your Images On

Founder Crowdability.com and Grey Swan

With U.S. stocks trading at about 24 times forward earnings, plans for capital growth have to go off without a hitch. Given the billions of dollars in commitments by AI companies, financing to the hilt on debt, the most realistic outcome is a hitch.

On a valuation basis, global markets will likely show better returns than U.S. stocks in 2026.

America leads the world in innovation. A U.S. tech stock will naturally fetch a higher price than, say, a German brewery. But value matters, too.

As copper flowed into the United States, LME inventories thinned and backwardation steepened. Higher U.S. pricing, tariff protection, and lower political risk made American warehouses the most attractive destination for metal. Each new shipment strengthened the spread.

The arbitrage, once triggered, became self-reinforcing. Traders were not participating in theory; they were responding to the physical incentives in front of them.

The United States had quietly become the marginal buyer of the world’s most important industrial metal. China, long the gravitational center of global copper demand, found itself on the outside.

Under the frost-crusted shrubs, the bears are sniffing around for scraps of bloody meat.

They smell the subtle rot of credit stress, central-bank desperation, and debt that’s beginning to steam in the cold. They’re not charging — not yet. But they’re present. Watching. Testing the doors.

Retail investors, last in line, await the Fed’s final announcement of the year on Wednesday. Then the central planners of the world get their turn: the Bank of England, Bank of Japan, and the European Central Bank.

Treasuries just suffered their worst week since June. And in Japan — the quiet godfather of global liquidity — something fundamental is breaking.

Silver continues its blistering ascent. Gold and bitcoin have settled in at $4,200 and $92,000, respectively.

It’s absurd, really, for any politician to be talking about “affordability.”

The data is clear. If higher prices are your goal, let the government “fix” them.

Mandates, paperwork, and busybodies telling you what you can and can’t do – it’s not a surprise why costs add up.

In contrast, if you want lower prices, do nothing– zilch. Let the market work.