The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear), with exception for mortgage and home lending related products. SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products. 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.
Using a constellation of satellites that use a low earth orbit path with entire global coverage will reduce latency and provide reliable internet access regardless of location. 2023 marked a milestone for SpaceX's revolutionary Starlink satellite broadband internet service. For the first time cryptocurrency wallet guide for beginners ever, SpaceX made more money as an internet service provider ($4.2 billion in 2023 revenue) than it did as a space company launching rockets to orbit ($3.5 billion). The acronym stands for ‘Initial Public Offering’, it’s a process used by large private companies to raise additional capital.
Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products. If you live in an area where Starlink isn't available yet, the company allows you to pre-order services for a deposit of $99.
- To solve our own problem, we created a website that helps investors find, learn and compare the different platforms to save and invest online.
- There are also concerns about light pollution and even Starlink’s satellites potentially interfering with the work of astronomers.
- There isn’t a Starlink stock symbol, because the company is currently private.
This is done to further invest in the growth of the business or even pay off debt. An IPO creates public awareness, putting the company under the spotlight. Timing of an IPO is crucial for a company if it wants to maximise its capital-raising potential and increase its valuation due to demand from investors and the market. SpaceX is launching dozens of satellites into space every month as it deploys its Starlink satellite internet constellation. This new service promises to connect nearly every corner of the globe to the internet — a promise that is catching the eye of investors. SuperMoney.com is an independent, advertising-supported service.
Unfortunately, SpaceX is also a private company, so you can’t invest in it directly either. The only way to buy Starlink stock before its IPO is to potentially invest with private equity firms who have access to it. In 2015, Google poured a $1 billion investment into SpaceX, the company behind Starlink. Although Google provides investors with an indirect avenue to invest in Starlink, 2 pack trezor one white bitcoin ethereum hardware wallet authorized retailer it’s certainly one that hasn’t disappointed its investors. Google (GOOGL) stock has gradually climbed the price per share ladder each year, although 2021 marks the highest price point Google’s stock has ever traded at. Shift4 Payments Inc., which offers payment acceptance services, recently entered into a five-year partnership with SpaceX’s Starlink, CNBC reported.
Below is a breakdown of some key figures, including Starlink’s revenue, number of satellites in space, plus top investors and competitors. We’ll dive into all the key areas, such as the company statistics, revenue, competitors, and everything you need to know about the Starlink IPO (initial public offering). The company’s potential is also raising eyebrows among investors. Starlink estimated its addressable market was $6 billion at launch. What this means is Starlink could bring in as much as $6 billion in its first year if it can turn every potential sales lead into a customer.
Can You Buy Starlink Stock? Is Starlink Publicly Traded?
SpaceX is using its engineering expertise to create the world’s most advanced broadband system with thousands of satellites orbiting the Earth. You can’t invest in Starlink just yet, but there are a few reasons the broadband provider might be an investment to consider in the future. The addressable market and valuation figures for Starlink are only projections at this point, but there are some things we do know that bode well for the company.
Shift4 now powers payments for Starlink among other companies. The company trades under the ticker symbol “FOUR” and was trading at $55.01 per share as of Dec. 6. Once the company is listed on a stock exchange after its IPO, you will be able to buy Starlink stock. Elon Musk has also stated that he wants to ensure that Starlink stock is as accessible as possible to retail investors. But after the Starlink IPO, it will become an individual entity and shares will be publicly traded on a stock exchange.
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. 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. As for other metrics such as free cash flow, you must rely on analyst estimates that may be inaccurate.
How to Buy SpaceX Stock in 2024
Ultimately, you are responsible for your financial decisions. FinanceBuzz is not a financial institution and does not provide credit cards or any other financial products. At the moment, it’s not for certain that Starlink will be sustainable from a financial standpoint. Musk says the company needs up to $30 billion in annual funding to survive. He said in 2021 that the company was spending $1,000 to produce Starlink terminals, which it sells for $500.
We do know that SpaceX has secured some funding specific to broadband access, such as $885 million in broadband subsidies from the Federal Communications Commission. You cannot invest in Starlink directly yet, as it is not a public company. However, you can gain exposure to the aerospace industry by investing in some of Starlink’s competitors on a stock trading platform such as eToro. 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. Starlink is a satellite internet constellation project developed by SpaceX—Elon Musk’s aerospace company.
Is Starlink going to IPO?
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. So, this could be a surprise IPO that’s worth keeping an eye on. 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.
When you select a broker, you can open and fund your account before making any stock purchases. Nowadays, brokerage platforms place a number of funding methods at the user’s disposal, such as bank transfers, credit/debit card payments, wire transfers, etc. The ambitious project utilizes the Starlink constellation, which comprises a massive network of interlinked satellites. The company suggests that users mount the base at or above ground level, although it must have a clear view of the sky. Starlink also said at the end of a satellite’s life, it “will utilize their on-board propulsion system to deorbit over the course of a few months,” which helps to keep space clean. If we assume the average customer pays Starlink $100 per month, its 2 million customers are currently generating $200 million per month in revenue, or $2.4 billion per year.
For instance, SpaceX has raised private equity funding in multiple rounds including $560 per share with a $100 billion valuation and $419.99 per share with a $74 billion valuation. Since Starlink is a private dragonchain price today company, retail investors cannot buy stock shares. Although betting on IPOs is inherently risky, several factors suggest that a possible Starlink debut will result in a successfully robust capital raise.
Starlink uses SpaceX’s launch services to launch satellites into orbit, which puts the company in a more advantageous position than its competitors. “SpaceX is the only satellite operator with the ability to launch its own satellites as needed.” This allows SpaceX to make cost-effective launches each time updates become available. Starlink builds and launches satellites that deliver high-speed, broadband internet to users around the world. With its low-orbit network, users can stream seamlessly from even the most remote locations. Starlink is not publicly traded, so you won’t find a Starlink stock symbol or Starlink stock price chart out there.
You can invest in SpaceX directly through Hiive, which is a marketplace for private, pre-IPO companies. Starlink is expected to become profitable this year and has access to plenty of funding (more on that below). At this point, there's no need for it to turn to the public markets. While Starlink IPO rumors have been circulating, there is no clear indication it will happen soon.