Robinhood CEO: Tokenized stocks of OpenAI and SpaceX are not fully correlated with the equity of these two companies

Robinhood CEO Vlad Tenev said in an interview with CNBC that, technically, OpenAI and SpaceX tokenized stocks are not equity in the two companies, and the two are "not exactly related." OpenAI's complex corporate structure allows institutional investors to invest in the company through various instruments, such as equity obtained when it is later converted into a for-profit company, because OpenAI was originally established as a non-profit organization, but later gradually developed into a for-profit entity owned by a non-profit organization. (CNBC) [Odaily Planet Daily]