How To 'Invest’ In Private Companies Like OpenAI And SpaceX

Private companies like OpenAI and SpaceX have captured enormous investor enthusiasm in recent years, driving up their valuations. Yet because they’re privately held, they’ve remained largely inaccessible to ordinary 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 despite its appeal, some worry that tokenizing private companies could be a way to bypass longstanding regulations meant to protect investors.

Chapters:
0:00 Introduction
1:56 Understanding tokenization
3:53 Democratization of investing?
6:31 The trouble with tokens
8:57 What’s next?

Credits:
Produced by: Jeff Huang
Edited by: Andrea Miller
Graphics by: Mithra Krishnan
Managing Producer: Anuz Thapa
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images

Correction: At 06:10, the graphic should read 'Securities Act of 1933' to illustrate the laws required for public companies.

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How To 'Invest’ In Private Companies Like OpenAI And SpaceX

Post from CNBC on December 05, 2025

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