{"id":15724,"date":"2025-09-18T16:57:22","date_gmt":"2025-09-18T15:57:22","guid":{"rendered":"https:\/\/europe.republic.com\/insights\/?p=15724"},"modified":"2026-05-12T11:56:14","modified_gmt":"2026-05-12T10:56:14","slug":"mirror-notes-are-now-live","status":"publish","type":"post","link":"https:\/\/europe.republic.com\/insights\/our-news\/mirror-notes-are-now-live","title":{"rendered":"Mirror Notes are Now Live: UK Retail Investors Can Now Access the Performance of Private Companies"},"content":{"rendered":"<p>Are you a UK investor who\u2019s ever wanted to invest in the performance of a company like SpaceX before its IPO? Until now, that opportunity was largely reserved for institutional investors and the ultra-rich. But that&#8217;s all changing today.<\/p>\n<p>We\u2019re thrilled to announce that the <strong>rSPAX Mirror Notes<\/strong> are now live and open for investment on the Republic Europe platform.<\/p>\n<p><strong>Mirror Notes<\/strong> are a brand new way for eligible UK retail investors to gain exposure to the economic performance of some of the world&#8217;s most exciting and sought-after private companies. We are unlocking an opportunity for investors to participate in a market that has historically been out of reach for most.<\/p>\n<h2>What Exactly Are Mirror Notes?<\/h2>\n<p>Think of a Mirror Note as a debt security that &#8220;mirrors&#8221; the performance of a private company&#8217;s stock. Here\u2019s how it works:<\/p>\n<ul class=\"note-list\">\n<li><strong>You don\u2019t buy a share:<\/strong> When you invest in a Mirror Note, you are not buying a direct share of the company. Instead, you&#8217;re buying a note from RepublicX that tracks the company&#8217;s value.<\/li>\n<li><strong>The payout is tied to a &#8220;qualifying event&#8221;:<\/strong> A payout occurs at a &#8220;liquidity event,&#8221; such as an IPO, direct listing, or acquisition of the underlying company.<\/li>\n<li><strong>It\u2019s a brand-new way to get exposure:<\/strong> This product is designed to solve a major problem for investors: how to get access to the value of a company before it goes public.<\/li>\n<\/ul>\n<h2>Your First Opportunity: rSPAX Mirror Notes<\/h2>\n<p>The value of the rSPAX Note is intended to mirror the performance of SpaceX shares. In the case of a qualifying liquidity event, such as an IPO, a direct listing, or an acquisition, rSPAX noteholders receive a payout that reflects any change in value of SpaceX\u2019s common shares since they purchased their rSPAX notes.<\/p>\n<p>        <a href=\"https:\/\/europe.republic.com\/rspax-mirror-notes\" class=\"button\">Invest Now<\/a><\/p>\n<h2>Why We Created Mirror Notes<\/h2>\n<p>At Republic Europe, our mission has always been to democratise access to investment opportunities. We believe that everyone should have a chance to invest in the future they believe in. Mirror Notes are a direct extension of this mission, providing a pathway to private markets that have been closed to the public for too long.<\/p>\n<p>We know these types of investments can be complex. We&#8217;re here to guide you through the process, providing transparency and clarity every step of the way. We encourage all interested investors to read our comprehensive <a href=\"https:\/\/europe.republic.com\/insights\/blog\/seedrs-news\/announcement\/republicx-mirror-notes-faqs\">Mirror Notes FAQs<\/a> to understand the product in detail before investing.<\/p>\n<h2>Ready to Get Started?<\/h2>\n<p>This is an exciting moment for the UK investment community. The first Mirror Note offering rSPAX is now live. We invite you to explore the opportunity and join us in this new era of investing.<\/p>\n<p>        <a href=\"https:\/\/europe.republic.com\/rspax-mirror-notes\" class=\"button\">Invest Now<\/a><\/p>\n<div class=\"disclaimer\">\n<p><strong>Disclaimer:<\/strong> <i>Investing in Mirror Notes involves high risk, including liquidity and the potential for total loss of your entire investment. The value of your investment can go down as well as up. Mirror Notes are unsecured debt securities issued by RepublicX LLC and are not a direct investment in the underlying reference company. Mirror Notes are not issued by, sponsored by, or affiliated with the underlying reference company (in this case, Space Exploration Technologies Corp. (\u201cSpaceX\u201d)), which has not reviewed, endorsed, or participated in the issuance of Mirror Notes in any capacity. The Mirror Notes do not confer equity or ownership in the underlying reference company. Purchasing a Mirror Note does not grant any legal or beneficial interest in the underlying reference company or its shares, nor any rights in respect of the underlying reference company, including voting rights, dividend entitlements, or access to company information. Mirror Notes are not traded on any public exchange. A secondary market for Mirror Notes may not exist, and transfers are restricted and permitted only in limited circumstances. The Mirror Notes are not covered by any government-backed investor protection schemes, and RepublicX LLC are not authorised or regulated by the UK Financial Conduct Authority and are not covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service. Past performance is not an indicator of future results. Any valuations, projections, or targets are speculative and not guaranteed. This post is for informational purposes only and does not constitute investment, legal, or tax advice. Mirror Notes are available only to UK retail investors who meet Republic Europe\u2019s categorisation and suitability criteria.<\/p>\n<p><\/i>\n        <\/div><\/div>\n<p><\/body><br \/>\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you a UK investor who\u2019s ever wanted to invest in the performance of a company like SpaceX before its IPO? Until now, that opportunity was largely reserved for institutional investors and the ultra-rich. But that&#8217;s all changing today. We\u2019re thrilled to announce that the rSPAX Mirror Notes are now live and open for investment<\/p>\n","protected":false},"author":92,"featured_media":15725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102,17,297,296,7,2],"tags":[],"class_list":{"0":"post-15724","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-announcement","8":"category-features-updates","9":"category-investing-features-insight","10":"category-our-news","11":"category-seedrs-news","12":"category-blog"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mirror Notes are Now Live: UK Retail Investors Can Now Access the Performance of Private Companies - Republic Europe Insights<\/title>\n<meta name=\"description\" content=\"Republic Europe&#039;s new Mirror Notes allow eligible UK retail investors to mirror the performance of top private companies. 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