How to 'invest in' private companies like OpenAI and SpaceX

Posted on 12/15/2025
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Private companies like OpenAI and SpaceX have captured enormous investor enthusiasm, driving up their valuations. Yet because they’re privately held, they’ve remained largely inaccessible to retail investors.

Now a new approached called tokenization could change that by giving retail investors access to investments aligned with the performance of private companies. But some worry that tokenizing private companies could be a way to bypass longstanding regulations meant to protect investors.