How to Buy SpaceX Stock
Want to invest in SpaceX? Not so fast. It's not publicly available yet, but there are ways you can still invest in the company. Read on to learn how.
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Life on Mars might just be possible in the future, thanks to SpaceX's research efforts.
As an investor, you can be part of SpaceX's success. You can start by using a secondary market platform or by indirectly investing in its major investors. Continue reading to learn more.
What is SpaceX?
SpaceX is an aerospace company that designs, manufactures, and launches advanced rockets and spacecraft.
Founded in 2002 by Elon Musk, it is mainly known for its space exploration missions such as Occupy Mars.
It also offers satellite internet services globally through Starlink and provides a secured satellite network for the government through Starshield.
It created Dragon, the first private spacecraft to take humans to the space station. It is also the only spacecraft currently capable of delivering cargo back to Earth.
Its other spacecraft, Starship, is designed to be a fully reusable space vehicle that can carry passengers and cargo to Earth orbit, the ISS, the Moon, or even Mars.
Can you buy SpaceX Stock?
Since SpaceX is still a private company, it's not available on the public stock market. So, for now, you cannot buy SpaceX stock on your regular trading apps. Luckily, you have other options.
- Buy shares on secondary platforms
This is where existing shareholders sell their stakes to other investors. You can find SpaceX shares on secondary platforms like EquityZen or Hiive. - Invest in Alphabet or Bank of America
Alphabet (Google) and Bank of America are SpaceX's major investors. When you buy their stock, you are indirectly investing in their holdings, which include SpaceX.
Now, take a closer look at how these investment options work.
SpaceX does not have a stock symbol yet because it is still a private company. It will become available once it becomes a public company.
How To Buy SpaceX Stock Before its IPO
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Many secondary platforms can help you purchase pre-IPO stocks of privately held companies such as SpaceX.
Buying through EquityZen
Want to invest in SpaceX before it IPOs? Get ahead of the curve with EquityZen - a platform that gives accredited investors access to private companies before they go public. Here's how to get started:
1. Sign up with EquityZen
2. Search for SpaceX
3. Invest via a fund that owns shares of SpaceX
Register now to unlock exclusive access to hundreds of high-growth startups, like Stripe, SpaceX, Reddit, and OpenAI.
If it's not available yet, users will be notified once it is.
Invest in Private Companies
- Invest in pre-IPO companies through an EquityZen fund.
- $10,000 minimum investment
- Available to accredited investors only
Buying through Hiive
You can also buy SpaceX shares through Hiive, a private stock marketplace. One of their best features is the stock price chart so you can automatically see the current value of each SpaceX share.
To get started:
1. Sign up on Hiive.
2. Place an anonymous bid for SpaceX shares.
3. Negotiate directly with the matched seller.
4. Receive your shares after the company approves the deal.
How to Indirectly Invest in SpaceX Stock
To indirectly invest in SpaceX stock, consider purchasing shares of its major investors, Alphabet Inc. (NASDAQ: GOOGL) or Bank of America (NYSE: BAC).
You can buy Alphabet or Bank of America shares through any brokerage or trading app like Robinhood. No special qualifications are needed. Here's how to do it:
- Create an account on a stock broker
- Add funds (some brokers have a $0 minimum deposit)
- Search for Alphabet (ticker symbol GOOGL) or Bank of America (ticker symbol BAC).
- Enter the desired number of shares or dollar amount.
- Place the order and receive your shares.
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- $150 when you fund with $25,000-$99,999
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Funds with Exposure to SpaceX
Some closed-end funds and mutual funds that invest in private companies, including SpaceX, are easily available to retail investors through brokers. Here are some funds you can consider:
- Destiny Tech100 (NYSE: DXYZ)
Launched in March 2024, Destiny Tech100 is an NYSE-listed, closed-end fund from D/XYZ (pronounced Destiny). SpaceX currently makes up 37.6% of its portfolio.[1]To invest: Sign up with stock brokers Public or Robinhood, add funds, then buy at least 1 share of DXYZ (Recent closing price is $11.10 per share).[2][3]
- Ark Venture Fund (ARKVX)
Ark Venture Fund is an unlisted, closed-end fund created by Ark Invest in September 2022. 11.32% of its fund's portfolio is allocated to SpaceX.[4]To invest: Sign up in SoFi, add funds, and then invest at least $500 dollars in ARKVX.[5]
- Baron Focused Growth Retail (BFGFX)
Baron Focused Growth Fund is a mutual fund offered by Baron Capital since May 1996. The ticker symbol for the retail share class is BFGFX. SpaceX takes up 9.4% of its portfolio.[6]To invest: Create an Interactive Brokers account, deposit funds, and invest at least $2,000 in BFGFX retail shares.[7]
How to Invest in alternatives to SpaceX stock
If investing indirectly doesn't work for you, there's one last option. You can invest in other available aerospace companies.
Here are some SpaceX alternatives you can invest in:
- Heico
HEICO Corporation (NYSE: HEI) focuses on aerospace, industrial, defense, and electronics technology. For 60 years, their products have been utilized in commercial and military services and other industries. - Lockheed Martin
Lockheed Martin (NYSE: LMT) is the second most valuable aerospace company in the world. Along with Boeing, it formed the joint venture United Launch Alliance (ULA), which is awarded the majority of gov't contracts from the Space Force. - Boeing
Boeing (NYSE: BA) is known for its commercial jetliners, but it also works on defense and space systems. It recently launched its Starliner spacecraft, designed to compete with SpaceX's Dragon for transporting NASA's astronauts to and from the ISS, though it has faced some setbacks.[8]
What is SpaceX's valuation?
| Valuation History | |
|---|---|
| Date | Estimated Valuation (in billion USD) |
| Jun 2024 | $210 |
| Dec 2023 | $180 |
| Jan 2023 | $137 |
| July 2022 | $127 |
| Late 2021 | $100 |
| Aug 2020 | $46 |
| May 2019 | $33.3 |
The latest valuation of SpaceX is estimated to be around $210 billion with its recent tender offer in June 2024.[9]
This makes SpaceX the second most valuable startup in the world, just behind ByteDance (TikTok), which is valued at $268 billion. It has also surpassed its competitors, the aerospace giants Boeing and Lockheed Martin, in terms of valuation.
SpaceX isn't required to disclose its financial statements, so there is no clear data on its profits and losses.
Bloomberg questions its profitability[10], while Payload Space analysts say SpaceX is profitable and has better earnings growth compared to Lockheed Martin and Boeing.[11]
Why invest in SpaceX
SpaceX has become the leading aerospace company, overtaking Boeing. Here are some reasons why it's worth keeping on your radar:
- Significant growth in the aerospace and communication industry
- Success history; Starship and Starlink projects started successfully
- SpaceX has a well-established system for raising capital
At first, investors in aerospace were notably government agencies and wealthy countries. Now, giant companies and equity firms are starting to notice the promising future of low-cost space travel.
Venture Capital is currently the main investment funding SpaceX. However, some of its investors think that SpaceX will eventually go public to fund more and bigger projects.
SpaceX has not IPO yet. But its founder-owner, Elon Musk, expressed the possibility of making SpaceX public when there is regular travel to or landing of the spacecraft on Mars.
Project Milestones
SpaceX successfully reduced spaceflight costs by innovating the Merlin engine, a cheaper alternative.
Reusable rockets were also made possible by SpaceX. Before, other companies launched one-time rockets.
It marked history as the first company to launch and return spacecraft with Falcon 9. And in 2017, the Dragon capsule was reused to land at the International Space Station (ISS).
Now, SpaceX is focused on its aim to colonize Mars.
They designed Starship for various uses like faster transportation on Earth, building bases on the moon and Mars, and eventually launching settlers to Mars.
This 2023, Starship plans to fly around the moon with Japanese businessman Maezawa Yusaku and several other artists.
FAQs
Who owns SpaceX?
SpaceX was founded by Elon Musk in 2022. Currently, he reportedly owns 44% of SpaceX.
What are SpaceX Products?
SpaceX is known for Falcon 9, Falcon HeavyDuty, Starship, and Starlink.
Is SpaceX stock worth buying?
SpaceX stock is worth keeping an eye on. SpaceX is the leading space launch company in the U.S. Its current estimated valuation of $210B surpassed aerospace giants Boeing and Lockheed Martin. It pioneered low-cost and reusable space crafts.
What is SpaceX's predicted IPO date?
There is no specific IPO date. SpaceX going public is most likely to happen when they already have regular trips to Mars, according to an interview with SpaceX President Gwynne Shotwell.
What is SpaceX's predicted stock price in 2023?
SpaceX has no predicted stock price yet. But the current fund offer to its employees and private investors runs around $77, as reported.
Invest in High-Growth Startups
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Bottom Line
SpaceX remains a private company. But there are other ways to buy its stock. For now, the easiest and most accessible way to support SpaceX is to invest in Alphabet (a key investor). You can also buy alternative aerospace company stock.
Deposit $100 and Get $10 from eToro USA LLC
- Sign up for an eToro account
- Deposit $100
J.P. Morgan Self-Directed Investing - Get Up to $700
- Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
- $700 when you fund with $250,000 or more
- $325 when you fund with $100,000-$249,999
- $150 when you fund with $25,000-$99,999
- $50 when you fund with $5,000-$24,999
- Get unlimited commission-free online stock, ETF, fixed income, and options trades when you open an account.
- $0 Online Commission trades
- Choose an account that's right for you: General Investing, Traditional IRA or Roth IRA.
- Access our secure, easy-to-use trading experience online or through the Chase Mobile® app.
- Our powerful tools and resources are built to help you take control of your investments.
INVESTMENT AND INSURANCE PRODUCTS ARE:
But take note that buying stock through these alternatives has its own risks. It is still best to do your own research or look for financial advisers to guide you in your investment.
References
- ^ D/XYZ. The Destiny Tech 100, Retrieved 09/22/2024
- ^ D/XYZ. Destiny FAQ, Retrieved 09/22/2024
- ^ Nasdaq. Destiny Tech100 Inc. Common Stock (DXYZ), Retrieved 09/22/2024
- ^ Ark Invest. Ark Venture Fund, Retrieved 09/22/2024
- ^ Ark Invest. How can I invest in the ARK Venture Fund?, Retrieved 09/22/2024
- ^ Baron Capital. Baron Focused Growth Fund, Retrieved 09/22/2024
- ^ Interactive Brokers. Mutual Fund Search Tool, Retrieved 09/22/2024
- ^ AP News. Mutual Fund Search Tool, Retrieved 09/26/2024
- ^ Yahoo Finance. SpaceX Tender Offer Said to Value Company at Record $210 Billion, Retrieved 09/19/2024
- ^ Yahoo Finance.
Bloomberg - Musk's Undisclosed Starlink Costs Undercut Profitability Claims, Retrieved 09/19/2024 - ^ Payload Space. Estimating SpaceX's 2023 Revenue, Retrieved 09/21/2024
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