Starlink recorded its first ever quarter of positive cash flow in 2022. The company is expected to have its first full profitable year in 2023. On top of his duties at SpaceX, Musk also spends his time running Tesla, Twitter, The Boring Company and Neuralink.
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Of course, these figures should be taken with a very large grain of salt. As is too often the case in technology investing, there is no shortage of hype surrounding Starlink, much of it drummed up by Musk himself. There’s been a great deal of speculation surrounding a potential Starlink initial public offering (IPO). None of the writers or contributors of FinMasters are registered investment advisors, brokers/dealers, securities brokers, or financial planners. This article is being provided for informational and educational purposes only and on the condition that it will not form a primary basis for any investment decision.
In addition, the company doesn’t appear to be profitable yet — though we will need to see its earnings reports to know for sure. 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. 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. It isn’t currently possible to buy Starlink shares on the stock market.
Until Starlink files a formal prospectus, we will have no audited financial statements providing reliable information on Starlink’s finances. Some information has been publicly discussed, and more can be deduced for information on Starlink’s customer base. This figure – like any estimate of Starlink’s value – must be regarded as speculative. Sign up for our free, 5-minute daily email that TIME Magazine named as one of the top personal finance newsletters. The timeframe for a potential Starlink spinoff IPO ranges from late 2024 to 2027.
How to Buy Starlink Stock in 2024
The information is general in nature and is not specific to you. Starlink operates a low earth orbit satellite internet system delivering high-speed internet to areas that cannot be serviced by traditional internet systems. Starlink does not share one risk factor common to companies in the private space industry. Companies that depend on launch revenue or space tourism could be dramatically affected by any accident anywhere in the industry. When considering how to buy Starlink stock, you should note that several major brokers offer account holders the opportunity to participate in IPOs.
- Starlink’s low-orbit satellites are also less vulnerable to geographic interference while offering more consistent and reliable coverage.
- 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.
- Bank of America (BAC) invested $250 million at a valuation of ~$30 billion in November 2018.
- Starlink is a satellite internet constellation project developed by SpaceX—Elon Musk’s aerospace company.
Invest Through a Pre-IPO Secondary Market
But after the Starlink IPO, it will become an individual entity and shares will be publicly traded on a stock exchange. Hiive allows you to buy shares directly from sellers, which may include company employees, founders, venture capital funds, hedge funds or angel investors. 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.
While you’re not directly investing in SpaceX, you’re riding the broader space industry wave. You’re also exposed to the performance of other companies in the fund, who might struggle to bring in returns. Plus you’re not the only investor who wants a piece of Starlink so finding shares in the company won’t be easy. On top of that, shares in a private company can kr1 plc checks out of golem and qtum with healthy profit be illiquid, meaning you can’t sell them as easily as public stock. Clearly, Starlink is a company that has huge growth potential. 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.
However, there have been news and rumors about a potential initial public offering (IPO) in 2024. In November 2023, in response to a post by Bloomberg, Elon Musk denied any plans for a Starlink IPO coming so what is bitcoin and why does ransomware love it quickly. Some, like the ARK Space Exploration ETF (ARKX), have exposure to SpaceX due to their investments in related sectors.
Starlink is not publicly traded, so you won’t find a Starlink stock symbol or Starlink stock price chart out there. As noted earlier, Starlink is operated by SpaceX, a company that makes rockets and spaceships (really). As of May 2023, it’s launched more than 4,100 Starlink satellites. He has worked for financial advisors, institutional investors, and a publicly-traded fintech company. The history of satellite internet traces back to 1962, with the world’s first commercial communication satellite.
Invest in Tesla
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. 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. Alongside his involvement in PayPal, Tesla, Neuralink, and the Boring Company – one of his earlier projects SpaceX has developed an offshoot division called Starlink. The Starlink division hopes to revolutionise internet access across the world by using satellites and technology engineered by SpaceX. Starlink’s low-orbit satellites are also less vulnerable to geographic interference while offering more consistent and reliable coverage.
After PayPal, Musk decided to shoot for the stars (literally). He founded SpaceX in 2002, putting $100 million of his own money into the venture. Fast forward to today, and SpaceX is launching rockets, ferrying astronauts to the International Space Station, and even working to get humans back on the moon. Interestingly, Starlink was just a side project within SpaceX, yet it has quickly become an integral part of the company.
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. 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. SpaceX uses its Falcon 9 rockets to launch Starlink satellites into space, having launched 49 Starlink satellites in January 2021. In today’s increasingly digital world, internet connectivity is becoming less of a luxury and more of a necessity.
FinanceBuzz has partnered with CardRatings for our coverage of credit card products. FinanceBuzz and CardRatings may receive a commission from card issuers. As mentioned, Starlink isn’t publicly traded yet, and some of these issues could improve before it goes public. 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 how to buy magic crypto wiped out on the ground.
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 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. 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.