Robinhood CEO Vlad Tenev stated that tokenized stocks of OpenAI and SpaceX do not equate to actual equity in these companies. In an interview with CNBC, Tenev explained that the tokenized versions are not fully correlated with the companies' equities. OpenAI's intricate corporate structure allows institutional investors to engage through various financial instruments, reflecting its transition from a non-profit to a for-profit entity owned by a non-profit organization.