It invested a second time in December 2021, at a valuation of $100 billion. Investors can place bids and negotiate with sellers or accept their asking prices. You can invest in SpaceX directly through Hiive, which is a marketplace for private, pre-IPO companies. While Starlink IPO rumors have been circulating, there is no clear indication it will happen soon. Still, there are ways for investors to buy Starlink stock in 2024, well before its IPO.
It’s hard to know for sure because Starlink’s financials are not readily available as it’s still part of SpaceX, a private company. However, some reports suggest it is heading in a profitable direction in 2023. Elon Musk said he wanted a more predictable cash flow before an initial public offering, but he didn’t get too specific.
There are many reasons people may want to invest in Starlink, but it being one of CEO Elon Musk’s numerous companies is a likely factor. Although Musk can be a polarizing figure, he inevitably draws a lot of attention with any of his business endeavors. We update our data regularly, but information can change between updates. Confirm details with the provider you’re interested in before making a decision. Here are the stocks that benefit from inflation, as well as industries to keep an eye on to reduce the impacts of inflation on your portfolio.
Starlink is not publicly traded, so you won’t find a Starlink stock symbol or Starlink stock price chart out there. He has worked for financial advisors, institutional investors, and a publicly-traded fintech company. And that means that investors will be betting on the target business as well as Elon Musk. Right now, Musk has the golden touch and only the bravest will bet against him. While risks abound, a compelling debut like a Starlink IPO could command a hefty multiple relative to the launch day’s valuation.
How to Buy Starlink Stock Before Its IPO
One year later, in 2003, French satellite operator Eutelsat became the first company in the world to launch a successful satellite internet project. Since then, multiple service providers and telecommunications companies have dabbled in satellite connectivity. However, it has largely lagged behind its technological peers, primarily only seeing use in particularly isolated regions. If there’s one person who’s had the Midas touch when it comes to money, business, and investing in recent times, it’s Elon Musk. His businesses and notoriety helped propel him to (briefly) become the wealthiest man in the world. Alongside his involvement in PayPal, Tesla, Neuralink, and the Boring Company – one of his earlier projects SpaceX has developed an offshoot division called Starlink.
However, a Starlink IPO may partly depend on how the overall space sector and SpaceX are performing. The Starlink IPO will have to fit in with the broader business plans of Musk and SpaceX. There’s no guarantee that the stars will align to create the ideal conditions for Starlink to press ahead with its initial public offering.
Even without Musk’s involvement, Starlink has immense market potential. A lack of connectivity is one of the most significant bugbears facing the proliferation of technology like autonomous vehicles and the internet of things. By removing this restriction, Starlink could cultivate a flood of invention and innovation and allow edge computing to thrive. There’s been a great deal of speculation surrounding a potential Starlink initial public offering (IPO). StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks.
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Consulting with a financial advisor can also provide valuable insights and guidance in making informed investment decisions. Starlink is a constellation of satellites using a low-Earth orbit to bring broadband to even the most remote areas. As noted earlier, Starlink is operated by SpaceX, a company that makes rockets and spaceships (really). As of May 2023, it’s launched more than 4,100 Starlink satellites. Hiive allows you to buy shares directly from sellers, which may include company employees, founders, venture capital funds, hedge funds or angel investors. On the fundamental side, you usually don’t have much information to work with, perhaps how much revenue a firm with public ambitions generated in the most recent fiscal year.
Of course, if you want to invest in related companies, you will first need a brokerage account. Check out our lists of the best investment apps and best brokerage accounts to see some great options, a number of which are commission-free. It isn’t currently possible to buy Starlink shares on the stock market. That won’t be possible until when (and if) the company ultimately goes public. For now, there are some options you may consider if you want to know how to invest in SpaceX or in Starlink. That being said, Starlink also needs a license to offer internet services before new customers can sign up.
How is Starlink addressing potential concerns about space debris and its impact on low Earth orbit?
- While there’s no way to invest directly in Starlink or SpaceX right now, here are a few ideas for gaining indirect exposure.
- In a series of tweets, Elon Musk repeatedly expressed his interest in spinning off his SpaceX subsidiary as a publicly-traded entity.
- As noted earlier, Starlink is operated by SpaceX, a company that makes rockets and spaceships (really).
- You cannot invest in Starlink directly yet, as it is not a public company.
Starlink provides essential services to remote regions and is considered very profitable. Hence, it is possible that Starlink stock would be a buy for many. Starlink does not have a stock symbol as it is not a publicly traded company.
With that in mind, those considering a Starlink investment must ensure they understand the company and its technology as soon as possible. The main reason for this interest is Musk’s reputation in the investment space. Despite recent pitfalls at X, previously known as Twitter, the man has been involved in multiple highly successful and high-profile tech companies.
Starlink’s competitors
We’ll have to wait for further news to see when Starlink plans to go public. Still, the business seems to be tracking better than expected, and an initial public offering in the near future may be just what Starlink needs to blast off. This new satellite network communication system will provide fast and widespread internet coverage like never before. There are over 3,000 Starlink satellites currently in orbit, and in total, there will be around 12,000 satellites, potentially rising to an astronomical 42,000 at some stage.
Pros and cons of investing in aerospace stocks
Musk had, however, expressed his intention to take Starlink public once revenue growth and cash flow became more stable. Considering SpaceX is worth approximately $150 billion and considering it’s significantly ahead of its competitors in many areas, we can’t help but wonder about 2024 as a potential date. However, there have been news and rumors about a potential initial public offering (IPO) in 2024.
However, different investors and analysts have different opinions and predictions, and Elon Musk himself has not been sharing much of his plans for the planned IPO. With that said, it’s best to exercise a degree of restraint where Starlink is concerned. Although the company will very likely be a sound investment once it goes public, there is currently a great what is an invoice and is it a legal document deal of exaggerated hype and speculation surrounding it.
By contrast, landline fiber internet is capable of speeds up to 5 gigabits per second (gbps). Satellite internet also tends to be far costlier than a comparable landline connection, with higher latency and lower caps on data usage. Lastly, satellite internet may suffer from interference due to factors such as terrain or canopy coverage. Starlink, the satellite-based internet service provider, is still a privately held subsidiary of SpaceX, and there is no information available regarding an imminent IPO. However, given the dynamic nature of the financial markets and the tech industry, plans may evolve then.