Elon Musk’s side project SpaceX has been gaining a lot of traction recently, especially as outer space exploration and satellite technology is becoming of increasing interest across the globe.(1)
Through SpaceX’s Starlink program, the company is looking to devise a large-scale mesh network comprising thousands of satellites capable of delivering instant high-speed internet to individuals across the globe. SpaceX President and engineer Gwynne Shotwell previously said Starlink will cost the company around $10 billion to build, but reports suggest the project could help SpaceX rake in $30 billion per annum — more than 10 times the annual revenue of its existing rocket business. (2)
Not only that, since its inception, SpaceX has sent over 1,000 satellites into space, thanks to which its Starlink program has already been rolled out (for a monthly price of $120) in its beta form, currently providing high-speed Internet to over 10,000 users in the United States and abroad. (3)
The simple answer is you can’t because SpaceX is not publicly listed on a stock exchange.
However, when asked on Twitter about the company offering its IPO in the near term, Elon Musk replied in the affirmative, stating that such an offering may be in the cards soon. “Once we can predict cash flow reasonably well, Starlink will IPO,” he added.
Once we can predict cash flow reasonably well, Starlink will IPO
— Elon Musk (@elonmusk) February 9, 2021
If SpaceX goes public, you’ll be able to invest in it directly by signing up to a trading platform, or alternatively you can invest indirectly through Elon Musk’s other ventures, such as Tesla. Here are the steps:
The whole process can take as little as 15 minutes.
Though not yet available as an investment, it bears mentioning that SpaceX is the first private venture that has actually been able to send humans to the International Space Station (ISS). (4) It’s also the first company to reuse a rocket capable of orbiting the earth multiple times. (5) These feats have helped spur the company’s perceived stock value in the eyes of many, even portraying Musk as a visionary and entrepreneur with one eye set firmly on the future.
As a result, it stands to reason that the entire space exploration sector may be set to rise. For example, global security and aerospace company Lockheed Martin (LMT), which also builds satellites and spacecraft, has seen its stock rise by more than 26% over the past two years.
A similar trend may also be witnessed in relation to other companies like Aerojet Rocketdyne (AJRD), which manufactures rockets and propulsion systems for the aerospace, defense and space industries, and space technology and communications company Maxar Technologies (MAXR). Maxar Technologies designs and manufactures satellites and spacecraft components for space communications and exploration, as well as high-resolution satellite imagery of Earth.
Compare trading platforms by available asset types, minimum deposit and more. Select Go to site to sign up or select More Info to read our comprehensive review.
SpaceX is still privately owned so you can’t buy stock directly from the company yet. But if SpaceX goes public, you’ll be able to buy stocks by opening an account with a trading platform.
SpaceX shares are no publicly available so there is no stock price as of yet.
These are the stocks to buy when you don’t have much to spend.
Read more…
Here are the 10 best gold stocks based on year-to-date returns for July 2024.
Read more…
Here’s what happens to your securities if your brokerage fails, and how your assets are protected by SIPC and FDIC.
Read more…
Fifth Third Bank currently offers a $200 checking account bonus when you open a new account and set up qualifying direct deposits.
Current wins for its high-APY savings pods and positive customer reviews, but Chime is still a good pick for credit-building.
Credit9 offers debt consolidation loans, but beware of misleading promotions from its partner company.
Guaranteed approval credit cards don’t exist, but there are good options with a nearly instant approval process for bad credit.
Invoice financing can help your business meet immediate cash flow needs based on your unpaid invoices.
Navigating pet surgery expenses: a guide to costs, loans and financial help for your pet.
From 401Ks to IRAs: How you can be maximizing your returns.
Check out our picks of the best paper trading platforms to practice trading and investing with fake money.
Use this calculator to work out how much you can grow your money.
Earn $50 by opening a new account with Varo and $25 by referring a friend. See the fine print on how to earn these bonuses here.