How to Buy Starlink Stock in 2024: Is it Possible?

Unlike United Launch Alliance (ULA), SpaceX targeted government and commercial markets, focusing on affordable payload deployment services for satellites and national security applications. The space exploration company is rapidly growing its revenue as it expands its launch services and satellite internet businesses. Those drivers are fueling a rapidly rising private market valuation. SpaceX isn’t currently publicly traded, so most investors can’t buy shares of Musk’s space exploration company. However, the company or its Starlink satellite internet service business could eventually go public. SpaceX doesn’t trade publicly on major stock exchanges like the New York Stock Exchange (NYSE) or Nasdaq Stock Exchange.

How to Invest in Starlink in 2024

• The company claims that they will not IPO SpaceX until they are conducting regular flights to Mars, which is not likely to happen until 2024, according to SpaceX’s website.
• SpaceX was recently awarded almost $900m in subsidies by the Federal Communications Commission (FCC) to bring high-speed internet to rural areas of the US.
• The more you use your account for buying and selling stocks and shares, the higher your rating will be, and the greater number of stocks at the IPO price you will be eligible for.
• Therefore, consumers and investors alike are salivating at the chance of acquiring a stake in the company.
• Starlink recorded its first ever quarter of positive cash flow in 2022.

Making use of this 30 day grace period is the easiest way to build up your customer rating and make you eligible for more IPO stocks. According to the business plans, by 2025, the company should earn $30B per year and is expected to have 40M customers. Since we lack any substantial official info about the Starlink IPO, guessing its the projected price of its stock is difficult. Negative press is particularly detrimental to a company seeking to go public as it could affect the amount of money it is able to raise during the IPO. By the way, OneWeb also went through serious financial troubles itself, filing for bankruptcy back in March 2020. The bankruptcy and subsequent reorganization severely delayed additional launches, thus negatively affecting its bottom line.

How to buy Starlink stock?

While the stock isn’t publicly traded (yet), there are plenty of options for investors to grab onto the coattails of the company’s growth. Rocket Lab USA (RKLB 3.79%) is an integrated space company founded in 2006. It provides government and commercial customers with launch services, spacecraft manufacture, satellite components, and on-orbit management solutions. You’ll have to open and fund a brokerage account before buying shares of any company. If you still need to open one, here are some of the best-rated brokers and trading platforms.

In order to combat this, the company bitcoin suffers price crash as coronavirus fears prompt stock market slump would need to offer superior services to target higher-value customers in urban areas. Starlink has received favourable attention from governmental agencies, winning contracts with NASA and the US Department of Defense. SpaceX was recently awarded almost $900m in subsidies by the Federal Communications Commission (FCC) to bring high-speed internet to rural areas of the US.

While this is a sizable stake, Alphabet is a $1.94 trillion company, so its $14.7 billion stake in SpaceX represents about 0.7% of its total business.

Some public companies, like Alphabet (Google’s parent company), have invested in SpaceX. Buying their shares gives you a slice of the SpaceX pie, albeit a tiny one. The pro here is that you can trade these shares freely on the stock market. But remember, your investment is largely tied to the primary business of those companies, not just their stake in SpaceX. Analysts have noted that SpaceX’s strong market position, high barriers to entry in space travel and satellite internet, and robust government contracts make it a promising IPO candidate. However, the high capital demands of its projects, combined with the company’s ambitious objectives, present risks.

How to Indirectly Invest in Starlink

First and foremost, operating a satellite communications company is an inherently complex operation that requires billions of dollars in upfront investments. Join 6,503+ savvy investors using Ticker Nerd to save time and find stocks before they blow up. As part of SpaceX, Starlink’s financial reports aren’t public. However, reports suggest that SpaceX raised $750 million in a January 2023 funding round, potentially valuing the company at $137 billion. Even though you cannot invest directly in Starlink, the good news is there are alternative ways. You can access the secondary market or make indirect investments.

Musk said in the past that the company needs up to $30 billion in annual funding to survive. As a well-known force in the developing space industry, SpaceX has received a lot of attention with its akon reveals new plans for his 2000 eye-catching launches. That includes the Crew-3 Mission launch from the Kennedy Space Center in November 2021. Aerospace manufacturer SpaceX has grown significantly since its founding in 2002. Since 2014, a division of SpaceX has been working on a so-called satellite “constellation” that will provide internet access nearly anywhere in the world. In today’s increasingly digital world, internet connectivity is becoming less of a luxury and more of a necessity.

A. Profitability Potential & Growth Prospects

Meanwhile, how to buy bitcoin in mexico the parent company continues to raise funding from institutional investors who remain collectively excited about the prospects of space exploration and travel. Those launch services are obviously costlier for OneWeb than what SpaceX would pay. Additionally, SpaceX often onboards its own satellites into contracted launches (a concept called rideshare), thus allowing the firm to ramp up its network substantially faster. In essence, Starlink’s competitors also fund portions of its business by contracting with SpaceX.