Tech billionaire Elon Musk has hinted that Starlink—a satellite broadband internet provider developed by his company SpaceX—will eventually go public, although an official IPO announcement has yet to be released. Here's what we know so far and how investors in Canada can prepare for the big event.
In February 2021, Elon Musk tweeted that Starlink will go public once it can "predict cashflow reasonably well." Since the company began launching satellites in 2019, it has grown to serve more than 9 million customers in over 150 countries. However, an IPO may still be a ways off, given the focus on the IPO of Starlink's parent company, SpaceX.
The majority of SpaceX's revenue is believed to come from launch services and Starlink satellite services. In fact, Starlink may account for anywhere from 50% to 80% of the $15+ billion SpaceX reportedly earned in 2025.
It's difficult to know exactly how much revenue Starlink brings in, given the company's private status. A document filed with the Netherlands Chamber of Commerce in 2025 revealed that Starlink earned $2.7 billion in 2024, up 93% from $1.4 billion the year prior.
However, this figure may not include US revenue, which is invoiced to a Californian entity. Some outside experts estimate that Starlink's actual 2025 revenue is a little over $5.4 billion, while others place the number as high as $11.8 billion.
Whether Starlink follows its parent company into the public market remains yet to be seen. For now, investors interested in space stocks may need to explore alternatives.
Note: All dollar amounts on this page are in US dollars unless otherwise stated.
Once Starlink goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
You won't be able to buy Starlink stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.
You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.
Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Starlink stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.
An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.
Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.
Speak with a tax professional to find out what rules and exceptions apply in your circumstances.
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