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. Still, there are ways for investors to buy Starlink stock in 2024, well before its IPO. Ukraine received the shipment of Starlink terminals less than 48 hours after Musk’s promise.
- Another incentive to like Starlink is its relationship with SpaceX.
- 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.
- You can’t buy Starlink yet, but there are a few reasons why the Starlink satellites provider may be worth pursuing in the future.
- However, if this is the case, it may be beneficial since many users have complained that its service is unreliable.
A SpaceX Falcon 9 rocket carries nearly 60 Starlink satellites to low-Earth orbit every few weeks. In June 2021, there were more than 1,500 active satellites from Starlink, making it the largest constellation of its sort. Starlink, currently being operated by SpaceX, trade99 reviews it’s still not available to the public. However, Gwynne Shotwell, President of SpaceX, said last year that Starlink could potentially present an initial public offering. GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information.
When Can Investors Expect the Starlink IPO?
Andreessen Horowitz (a16z) is a venture capital firm that has been a primary investor in SpaceX in multiple funding rounds. When a16z invested in X (formerly Twitter) (TWTR), it sold some of its shares to Cathie Wood’s Ark Venture Fund. 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. SpaceX raised nearly $1.2 billion in February when it valued the company at $74 billion at $419.99 a share. Its new stock price, at $560 per share, represents an increase of 33% from the company’s previous valuation.
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Starlink is a subsidiary of SpaceX, so you will need to invest in SpaceX to get exposure to Starlink. As of September 2023, more than 2 million people are using Starlink, a figure that is now increasing by 150,000 per month.
What is Starlink’s stock symbol?
Elon Musk’s Starlink project plans to put thousands of tiny spacecraft into low Earth orbit. Hiive allows you to buy shares directly from sellers, which may include company employees, founders, venture capital funds, hedge funds or angel investors. fxchoice review 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.
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. According to data from S&P Global Market Intelligence, that’s even more revenue than SpaceX’s core launch services business generates.
Today’s stock market has not been friendly to IPOs, so there’s no reason to rush it. When Musk decides to list its shares, I would expect Starlink’s IPO to command a valuation north of $100 billion. Yes, SpaceX currently owns and operates paxful review Starlink, but Starlink is expected to become its own company in the near future. The most direct Starlink partnership came in 2021 when Shift4 Payments (FOUR) announced a 5-year partnership with Starlink to process its customer payments.