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How to Buy Starlink Stock Before Its IPO

what is starlink stock symbol

On the other hand, it’s a lot less money than SpaceX had hoped Starlink would be bringing in by this time, back when it was first penciling in estimates for the service in 2015. However, the company appears to be valued at almost $140 billion as of January 2024. FinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions.

  1. Starlink isn’t quite there yet (which reinforces the CEO’s desire to reach “reasonably predictable” revenue before IPO’ing).
  2. This article was subjected to a comprehensive fact-checking process.
  3. Considering this, it is unsurprising that many want to know more about Starlink owners.

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. Starlink is still a private company and not yet publicly traded, so we can’t yet value it based on its market cap on a stock exchange. Currently, the best information we have is based on projections and estimates. 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. Starlink is a highly successful satellite internet service provider. Many would like to invest in the service, given its lucrative revenue potential.

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. 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 https://www.day-trading.info/ $6 billion in its first year if it can turn every potential sales lead into a customer. However, Gwynne Shotwell, president and CEO of SpaceX said in a 2021 interview that Starlink’s total addressable market could be as high as $1 trillion. Andreessen Horowitz (a16z) is a venture capital firm that has been a primary investor in SpaceX in multiple funding rounds.

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When a16z invested in X (formerly Twitter) (TWTR), it sold some of its shares to Cathie Wood’s Ark Venture Fund. Again, this stake in SpaceX and Starlink represents just 0.5% of Bank of America’s total market capitalization, so I wouldn’t recommend buying its shares solely for its investment in Starlink. Eight years ago, Starlink — SpaceX’s globe-spanning satellite broadband internet project — was just a gleam in Musk’s eye. Starlink is a promising company with seemingly limitless potential. It promises to expand internet services to the far reaches of the globe without requiring Wi-Fi devices, which can bring millions of people online.

what is starlink stock symbol

Simply put, the idea of having satellites beaming down internet signals is a novelty and makes people excited. Starlink is a low-latency satellite internet service operated by SpaceX. In short, Starlink is a subsidiary of SpaceX and not a separate company. On Public, you can invest in stocks, ETFs, Treasuries, and cryptocurrencies, all on one of the most well-designed investing platforms.

How to Buy Starlink Stock Before Its IPO

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. As a well-known force in the developing space industry, SpaceX has received a lot of attention with its eye-catching launches. That includes the Crew-3 Mission launch from the Kennedy Space Center in November 2021.

We’ll take a peek at how Starlink is doing so far and whether you might consider investing money in the SpaceX division if it eventually goes public. Since Stralin is not a publicly traded company, you cannot get shares in the service. No doubt, Stralink has emerged as the most prominent satellite internet service provider. Since Starlink is not a publicly traded company, it doesn’t have a stock symbol or Starlink price chart. Members of the public cannot buy Starlink stock since it is not a publicly traded company. It has no shares to trade on public exchange in the first place.

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. Starlink operates as a SpaceX unit, so its stock is not available for direct purchase. 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. SpaceX is launching dozens of satellites into space every month as it deploys its Starlink satellite internet constellation.

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Bank of America (BAC) invested $250 million at a valuation of ~$30 billion in November 2018. At today’s valuation, this investment is likely worth around $1.15 billion. If you don’t like the other 99.4% of Google’s business, I wouldn’t recommend buying its shares to gain exposure to Starlink. This was a $900 million investment at a valuation of $12 billion.

Hence, Starlink could be a boon to rural areas and other places where internet service is sparse. It also may be more resilient during severe weather and natural disasters because there are no towers or physical lines that can be wiped out on the ground. SpaceX uses its Falcon 9 rockets to launch Starlink satellites into space, having launched 49 Starlink satellites in January 2021. The SpaceX CEO has an unassailable equity share with over 78% voting control. He solely decides the direction the company takes with its products. A stock symbol is a unique identifier, usually a series of letters representing a security traded on a stock exchange market.

Even though you can’t invest directly in SpaceX or Starlink quite yet, you can invest in the one Elon Musk company that is currently public. Tesla vehicles are fully internet-capable, so it’s not far-fetched https://www.investorynews.com/ to think Teslas may one day be able to use a Starlink connection. Find out how to invest in Tesla stock if you want to go this route. It isn’t currently possible to buy Starlink shares on the stock market.

Pros and cons of investing in aerospace stocks

Hiive allows you to buy shares directly from sellers, which may include company employees, founders, venture capital funds, hedge funds or angel investors. Starlink is still a subsidiary of SpaceX, and while it’s expected to spin off and go public in the future, it has not scheduled any plans to IPO. There is no Starlink stock symbol and you can’t buy it in your brokerage account.

Principally, you don’t have to go through SpaceX to purchase Starlink internet service. While this is a sizable stake, Alphabet is a $1.75 trillion company, so its $10.5 billion stake in SpaceX represents about 0.6% of its total business. You can invest in SpaceX directly through Hiive, which is a marketplace for private, pre-IPO https://www.forex-world.net/ companies like Reddit, Stripe and SpaceX. 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. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors.

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