The satellite internet provider was part of SpaceX, a privately held company controlled by Musk. We have no idea at this stage if this would be in the cards for a Starlink stock IPO. But if there is a viable preferential treatment for “small retail investors,” early customers would seem to make the most sense because you can’t offer IPO shares to everyone. Equitybee provides accredited investors access to pre-IPO startups by funding employee stock options.
- For high-profile companies, demand is high, lowering your chances of acquiring shares, even if you’re accredited.
- A fork in the road of human destiny,” tweeted SpaceX CEO Elon Musk Sunday.
- But if you’re interested in the service, it could take a while.
- Given that qualifier, the company might not go public for several more years.
Skylink plans to launch tens of thousands of satellites into low-Earth orbit, providing low latency and high-speed Internet across the globe. At this rate, it won’t take them very long to reach that goal. A SpaceX Falcon 9 rocket carries nearly 60 Starlink satellites to low-Earth orbit every few weeks.
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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. Starlink builds and launches satellites fxchoice 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. Craig is a former IT professional who left his 19-year career to be a full-time finance writer.
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. Thus, while Starlink has secured some funding, it will need more to survive — and ultimately bring its manufacturing costs down. First, satellite internet by its nature is easier to expand than cable and fiber internet infrastructure. People can theoretically use Starlink as long as they have the necessary equipment and a clear view of the sky as its satellites orbit the globe. Starlink has also launched a premium service, which it simply calls Starlink Premium.
Elon Musk says the company will go public when cash flow is more predictable. 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 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. 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.
In exchange, investors gain a portion of the future stock value. 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. According to documents obtained by The Wall Street Journal, Starlink's revenue skyrocketed from $222 million in 2021 to $1.4 billion in 2022. Meanwhile, Musk announced on X that Starlink had achieved break-even cash flow by late 2023. These numbers suggest the satellite internet company is on a profitable trajectory.
For Uber, drivers who logged a certain number of miles received shares. For GoPro, anyone on their email list could apply to acquire shares. There are also opportunities to invest in pre-IPO companies via venture capital funds, such as the Fundrise Innovation Fund and the ARK Venture Fund available at SoFi Invest. You cannot buy SpaceX stock or Starlink stock in the open market today — SpaceX is a private company, and Starlink is a business run by SpaceX.
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For one thing, you can only contact Starlink support, rather than SpaceX if you want to make orders or have connection issues. SpaceX focuses on designing and building spacecraft and rockets rather than providing internet services. Ambitious investors may attempt to position themselves to invest in the Starlink IPO if and when it arrives. New investors can open an account well before the IPO, then place their first trade in another company to learn how to buy shares.
They enable the company to offer preferred IPO share access, generally to affiliates and family members. Accredited investors can invest directly in pre-IPO companies via pre-IPO investing. Since SpaceX is now worth more than $100 billion in the private marketplace, employees coinmama exchange review and shareholders may look to sell shares before the IPO. Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public. That particular piece is an element of the business that we are likely to spin out and go public.
Who Owns Starlink? The Face Behind this Popular Satellite Network
As of late 2022, nearly 3,000 satellites have been launched into orbit, and the service’s testing has commenced. The web of satellites known as Starlink will connect to ground receivers, making it possible to provide internet at competitive prices, especially to underserved global communities. Hopefully, Starlink will go public sometime in the next few years, but nothing is for certain yet. For now, you may consider investing in a related company or exploring pre-IPO offerings.
Currently, the company has an estimated 100,000 users spread out over 14 countries. “For the first time, there is a rocket that can make all life multiplanetary. A fork in the road of human destiny,” tweeted SpaceX CEO Elon Musk Sunday. Granted, it remains uncertain precisely how far we are away from this goal.
There are now pre-IPO investing platforms that may allow you to trade Starlink or SpaceX shares before they go public. As of January 2022, It has launched 2,091 satellites including 1,915 currently in orbit. Unfortunately, SpaceX says 40 of the 49 satellites it launched at the end of 2021 were wiped out by a geomagnetic storm. SpaceX uses its Falcon 9 rockets to launch Starlink satellites into space, having launched 49 Starlink satellites in January 2021. As a division of SpaceX, the company’s founder is Elon Musk. If you are one of those investors, you may be wondering how you can buy Starlink stock.
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. 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 like Reddit, Stripe and SpaceX. If you're a retail investor, don't worry, there are a few indirect ways you can gain access to Starlink's upside. While Starlink IPO rumors have been circulating, there is no clear indication it will happen soon.
As of Nov. 10, Starlink had reportedly launched 1,740 Starlink satellites. Recently, the company launched another 48 satellites into orbit, reports SpaceX. 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.
Since Starlink isn't a publicly traded company, you can't buy shares of the satellite internet service provider in your brokerage account. And because it's a unit of SpaceX, investors can't buy pre-IPO shares of Starlink on secondary platforms that trade shares of start-ups. Starlink is a leader in providing satellite internet services. The company is rapidly growing its revenue and has reached a cash flow break-even level.
Reasons to invest in Starlink
It's currently part of SpaceX, the rocket company founded by Elon Musk, and provides satellite internet services to customers worldwide. There have been reports that SpaceX will spin off Starlink and complete an initial public offering (IPO) of the business within the next year. Information about a Starlink initial public offering (IPO) stock price is also limited, but we do have some clues about SpaceX shares. 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. However, Musk has called those reports false, reiterating his desire for the business to continue maturing before it goes public. With Starlink's revenue skyrocketing, investors are increasingly eager to get their hands on shares of Musk's highly valued satellite internet company.
Founders, early employees, and investors often find themselves in a difficult predicament. They own valuable shares of a company that doesn’t trade publicly. You can buy shares of Alphabet through any low-cost online brokers. For long-term buy-and-hold umarkets review investors, I recommend M1 Finance (review). Along with Fidelity(private), Google announced a $1 billion investment in SpaceX in January 2016. The investment amounted to 10% ownership of the company ($10 billion valuation) at the time.