Space Exploration Technologies Corp, founded in 2002 by Musk, is in the business of creating and launching vehicles, rocket engines, spacecraft, and communications satellites. The company’s ultimate goal is to make space travel commercially viable so that the Moon and Mars may be explored and inhabited.
Launching rockets and spacecraft into orbit, SpaceX serves both commercial clients and government entities like NASA. To reduce overhead expenses, SpaceX is at the forefront of developing reusable booster rockets. In addition to providing transportation for NASA personnel to and from the International Space Station (ISS), the firm also offers commercial space tourism journeys.
Starlink is SpaceX’s satellite Internet Service Provider (ISP). Since January 2020, the company has launched hundreds of satellites into orbit, allowing users in more than 40 nations to access to the Internet. Since the Russian invasion of Ukraine in February 2022, Starlink has allowed the country to keep its Internet connection up and running. SpaceX said in June that it has 400,000 Starlink members, up from 250,000 in March.
Can you buy SpaceX stock in 2023?
SpaceX stock is currently unavailable due to the company’s status as a private entity. This company does not have a public stock market listing for its shares. This effectively precludes any direct investment in SpaceX stock.
At the moment, Elon Musk, a small group of public enterprises, and a large number of private equity firms are the only shareholders in SpaceX.
There may be a way to invest in SpaceX indirectly, however, as we saw with TikTok shares.
When does SpaceX stock plan to go public?
This is the question on the minds of many financiers at the moment, as SpaceX CEO Elon Musk makes headlines by amassing a 9.2% stake in Twitter (NYSE: TWTR), making him the biggest single stakeholder in the social media giant.
SpaceX is worth a lot of money, but there aren’t any signs that it will be going public anytime soon.
SpaceX is not expected to go public until the company makes regular flights to Mars, as previously said by COO Gwynne Shotwell in an interview with CNBC. In addition, Musk has said that the company’s long-term goals do not align with the needs of public shareholders in the near term. A potential IPO would occur after Starlink’s IPO, if the firm ever goes public at all.
SpaceX may have made a few billion dollars from launch sales and the Starlink Internet service, but the firm does not publish its income since it is a private enterprise. PayloadSpace predicted in October that the corporation could earn $3.25bn in 2022, with $2.27bn coming from mission launches and $980m from Starlink.
If the corporation wants to fund the high costs of operations and development, it may have to raise money on the public markets or increase the number of subscribers to its Starlink service.
How to buy SpaceX stock in 2023?
Need information on how to invest in SpaceX stock? Read on!
SpaceX now flies NASA astronauts to the International Space Station (ISS), launches communications satellites, offers thrill rides to the public, and has long-term plans to carry humans to Mars.
SpaceX is the first private firm to be valued at $100 billion, the first to send humans into space, and the first to reuse a rocket more than once; which begs the question, how can one invest in SpaceX stock?
How to Buy the SpaceX stock when it becomes available
Currently, it is not possible to buy SpaceX stock as a retail investor. However, investors are searching for a way to exit, but the corporation hasn’t said when that would happen. A public offering (IPO) is the most probable scenario for the exit to happen.
The capital requirements of SpaceX are high, and the company is under pressure from investors who want to sell their shares. Launching a payload into orbit is a costly endeavor. SpaceX would benefit greatly from going public via an initial public offering (IPO) in terms of gaining access to more capital. Prepare yourself in case it decides to become public.
To purchase SpaceX stock when it becomes available (not presently accessible), follow these steps:
- Open your brokerage account (or create one if you don’t already have one).
- Search for SpaceX
- Determine the number of shares you want to acquire.
- Secure your order
Keep in mind that you can’t invest in SpaceX stock just now. Until SpaceX has its initial public offering, investors will not be able to purchase stock. Be on the lookout for the initial public offerings of any additional firms that Elon Musk may hold. He has said that within the next several years, Twitter would go public.
How to Invest in SpaceX Stock Today
You can’t directly invest in SpaceX as a retail investor, but you may via the firms that control it.
Currently, just two publicly listed firms have invested in SpaceX, namely:
Bank of America Corporation (NYSE: BAC)
The Charlotte, North Carolina-based Bank of America is an investment bank and financial services holding corporation with a market capitalization of $271.56 billion. In November of 2018, SpaceX received $250 million from Bank of America at a value of around $30 billion. It’s estimated that it might get $1 billion for its stake in SpaceX.
Google’s parent firm, Alphabet (NASDAQ: GOOGL)
Google is a $1.27 trillion firm that makes much of its money from advertising on YouTube and other Google properties. It also finances a wide range of startups in the technology sector.
SpaceX was worth $12 billion when Alphabet invested $900 million in the company in January 2015. This expenditure was part of a larger investment of $337 million scheduled for the following December. The sum of Google’s stake is most certainly above $10 billion.
The remaining SpaceX investors are all private equity businesses that are not publicly traded.
Keep in mind that Bank of America and Alphabet (Google) are massive corporations in their own right and that their investment in SpaceX represents a very minor portion of their overall company portfolios. Before purchasing their stock, you should do your research on the company as a whole.
What Is SpaceX Valuation in 2023?
According to Crunchbase statistics as of 14 December, SpaceX was valued at more than $9.8 billion, having raised this much over the course of 32 funding rounds. The most recent one occurred in July of 2022 and it was a private equity round that raised $250 million with three investors.
According to the company’s financial records, SpaceX was valued at more than $1 billion in 2010. Since May 2019, when it was about $33.3 billion, it has risen to $46 billion in August 2020, $100 billion in late October 2021, and $127 billion in July 2022. In only three years, SpaceX has seen its worth triple. One of the few corporations to increase in value in 2022.
With its recent $750 million funding round, SpaceX has been valued at $137 billion.
SpaceX is seeking to raise $750 million in a new round of investment, which would place a $137 billion valuation on the rocket and satellite internet firm. Thanks to last year’s fundraising efforts totaling $2.2 billion, SpaceX is now the most valued privately held firm in the United States. The fundraising round will likely be spearheaded by the venture capital company Andreessen Horowitz.
A million people have signed up for SpaceX’s Starlink satellite internet service, and the company just launched its 200th rocket. Musk is expected to acquire the majority of the funding from Andreessen Horowitz, which provided $400 million toward his acquisition of Twitter in October. Sequoia Capital, Gigafund, and Founders Fund are among the company’s previous investors.
According to a Bloomberg article from December, SpaceX has offered insiders to sell shares for $77 apiece, valuing the company at close to $140 billion and making it the most valuable private enterprise in the United States.
Recent months have been a mixed bag for SpaceX. After boosting services in Ukraine in the face of Russia’s military invasion, the corporation hit a milestone of 60 reusable rocket launches in 2022 with its Falcon program, recorded its 200th flight on January 3, and surpassed 1 million customers to its Starlink internet business.
Due to a coolant leak in a Russian Soyuz spacecraft, NASA is allegedly contemplating hiring SpaceX to assist return station crew members to Earth. However, SpaceX has had to postpone a number of flights, including a moon lander. NASA Administrator Bill Nelson is concerned that Musk’s divisive leadership on Twitter is taking him away from his duties at SpaceX.
Is SpaceX the World’s Biggest Unicorn?
SpaceX would tie with ByteDance for the title of the biggest unicorn (a startup or private firm with a market value exceeding $1 billion) in the world with a valuation of $140 billion. The company’s market capitalization of $126 billion puts it ahead of rival aerospace heavyweights Boeing (BA) ($111bn) and Lockheed Martin (LMT) ($126bn).
According to a tweet by podcaster and micro VC fund manager Harry Stebbings, SpaceX is among the most sought-after firms for secondary share offerings as investors try to obtain exposure in their portfolios.
According to the Bloomberg Billionaires Index, Musk was estimated to control 44% of SpaceX as of December 2022, giving his personal stock holdings a value of around $61.6bn. In addition to his shares in Tesla (TSLA), the Boring Company, and Twitter, Musk also owned a portion of SpaceX. Even with recent declines in the value of Twitter and Tesla, his net worth would climb by almost $7bn due to the increase in SpaceX’s valuation.
The sale of shares is designed to enable SpaceX personnel and stockholders to liquidate their holdings. Without having to wait for a public stock exchange listing, SpaceX has often offered liquidity for workers and early-stage investors to sell their shares on the secondary market.
To fund its growth, Musk allegedly told SpaceX staff in June that the firm may spin out Starlink into a separate publicly-listed corporation in 2025 or later.
Concerns have been raised by investors and consumers of Tesla and SpaceX that Musk’s purchase of Twitter has diverted his focus. As part of funding his $44 billion purchase of the social networking site, Musk has sold shares in the electric car company, Tesla, causing the share price to drop by 60% this year.
Best Alternatives to SpaceX Stock
SpaceX, headquartered in Hawthorne, California, is privately owned and does not have shares listed on a public stock exchange, thus the simple answer is “no.” Nonetheless, there are backdoors to investing in SpaceX.
Momentus (NASDAQ:MNTS), a publicly listed commercial space startup, has inked a contract with SpaceX to ride shotgun on some of SpaceX’s next launch vehicles, making it a good choice for investors looking to get exposure to SpaceX without directly investing in the company.
Momentus has stated in a press release that it will be taking part in four forthcoming SpaceX flights into space, with the express purpose of putting various prototype technologies through their paces. Although Elon Musk has discussed his plans to make SpaceX public in the past, no specific details have been revealed yet about the IPO.
In the future, Momentus hopes to compete with SpaceX by providing commercial space services, such as the launch and return of cargo to Earth using its own planes and technology. Momentus innovation are still in the early phases of development, but the business plans to use its partnership with SpaceX to conduct orbital tests of its products later this year.
With a 60% drop in value over the previous six months, MNTS stock is currently a penny stock trading at $4.26 per share. However, upon disclosure of the partnership with SpaceX, the stock price rose by 45.1%. Momentous stock is currently valued at 0.92 USD per share in 2023.
Even if direct investment in SpaceX is not available at this time, investors who are interested in the firm and its endeavors may do so via a holding in Momentus. As of now, Momentus and SpaceX have an official launch agreement in place. Remember that Momentus is an untested commercial space firm that is mostly experimenting at this stage. Furthermore, MNTS stock has dropped significantly over the last several months and is a very volatile penny stock. The Momentus stock price may or may not recover.
Momentous stock is currently valued at 0.92 USD per share in 2023.
There Are Plenty of Alternative SpaceX stock Investments. Other publicly listed space technology firms include:
- Virgin Galactic Holdings, Inc (NYSE: SPCE)
- Lockheed Martin Corp (NYSE: LMT)
- Boeing (NYSE: BA)
- Raytheon Technologies Corporation (NYSE: RTX)
Some FAQs About SpaceX Stock
How can you invest in SpaceX stock?
As of today, buying SpaceX stock directly is not an option for individual investors.
Indirect investments may be made through:
- Businesses that have contributed to SpaceX (Bank of America, Alphabet)
- Second, more stock-market Aerospace firms
- Possible business associates or suppliers
SpaceX will go public at some point. When that time comes, we may invest in its stock.
Who are SpaceX stockholders?
Elon Musk, Bank of America, Google, and other private equity companies are among the stockholders of SpaceX.
What does the ticker symbol for SpaceX stock look like?
Considering that SpaceX is not a publicly traded firm, it does not have a stock ticker. It might become public within the next several years.
What is the value of SpaceX stock?
SpaceX is now worth $127 billion after receiving more finance. Due to the lack of a public stock market, there is no set share price for the corporation.