Starlink is a constellation of satellites using a low-Earth orbit to bring broadband to even the most remote areas. FinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. 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. Elon Musk says the company will go public when cash flow is more predictable.
- Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current.
- Elon Musk’s main criterion is for initial public offering of Starlink to be profitable with a predictable cash flow.
- He founded SpaceX in 2002, putting $100 million of his own money into the venture.
- 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.
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. Starlink is a division of SpaceX that is developing satellite internet technology.
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When to expect a Starlink IPO
To invest in Starlink you would need to buy stocks in SpaceX (since Starlink is a service provided by SpaceX). When it does go public, you’ll need a brokerage account to buy shares. Andreessen Horowitz (a16z) is a venture capital firm that has been a primary investor in SpaceX in multiple funding rounds.
It’s hard to know for sure because Starlink’s financials are not readily available as it’s still part of SpaceX, a private company. However, some reports suggest it is heading in a profitable direction in 2023. We’ll have to wait for further news to see when Starlink plans to go public. Elon Musk was quite cautious with his initial IPO predictions. 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.
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How to Buy Starlink Stock Before Its IPO
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. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here.
Having more satellites in the sky may enable consistently faster speeds and fewer interruptions. 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. As a well-known force in the developing space industry, SpaceX has received a lot of attention with its eye-catching launches.
How to buy the Starlink IPO
There isn’t a Starlink stock symbol, because the company is currently private. EToro is one of the world’s most popular investing platforms with over 28.5 million users. From an investment perspective, the coolest thing about Starlink isn’t necessarily what the company does — but who’s behind it. Another reason to like Starlink is its pairing with SpaceX. Having its own rockets has allowed the company to launch about 2,000 satellites since May 2019, or more than 600 per year.
How to buy Starlink stock when it starts trading
Elon Musk has also raised equity funding in several rounds, including an announcement of $337.4 million raised in December 2021. SpaceX’s value was $100 billion in October 2021 after a secondary share sale, and it had raised $1.16 billion in equity financing in April. Notable investors include Alphabet Inc. and Fidelity Investments. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current.
Who owns Starlink stock?
Simply put, the idea of having satellites beaming down internet signals is a novelty and makes people excited. If you are one of those investors, you may be wondering how you can buy Starlink stock. You can’t invest directly in Starlink just yet, but you may be able to invest indirectly in other ways.
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. The acronym stands for ‘Initial Public Offering’, it’s a process used by large private companies to raise additional capital. This is done to further invest in the growth of the business or even pay off debt.
That may not be a bad thing, though, because its service has been unreliable for many of those who have tried it. In addition, the company doesn’t appear to be profitable yet — though we will need to see its earnings reports to know for sure. 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.
Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Big names like Andreesen Horowitz, Sequoia, Founders https://www.crypto-trading.info/ Fund, Gigafund, Saudi Arabia’s Public Investment Fund and the Abu Dhabi Investment Authority to name a few. 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.
After graduating with two degrees, he co-founded Zip2, which was sold to Compaq for a cool $300 million. From there he went on to co-found PayPal, which was later sold to eBay for a whopping $1.5 billion. Sure, they’ve faced some financial challenges along the way, but that hasn’t stopped them. They’ve soldiered on, keeping their satellite network up and running, even if it meant operating at a loss.
