There is no SpaceX or Starlink stock symbol and you can’t buy it in your brokerage account. Starlink is a subsidiary of SpaceX, a privately held entity controlled by Elon Musk. Investors would follow a similar process to buy an IPO stock like Starlink when it goes public. Once shares become available, fill in your brokerage account’s order page with Starlink’s selected stock ticker and submit your trade. Back when Starlink was first rolling out in 2021, SpaceX CEO Elon Musk told his followers on Twitter that he expected to wait “at least a few years” before IPO’ing Starlink. His reasoning being that he wanted to make sure that Starlink’s revenue stream was “reasonably predictable” so that investors would know what they were buying.

When will Starlink IPO?

Even without Musk’s involvement, Starlink has immense market potential. A lack of connectivity is one of the most significant bugbears facing the proliferation of technology like autonomous vehicles and the internet of things. By removing this restriction, Starlink could cultivate a flood of invention and innovation and allow edge computing to thrive. Finally, you can’t ignore that Starlink is a SpaceX subsidiary. And that means that investors will be betting on the target business as well as Elon Musk.

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Elon Musk has hinted at spinning Starlink off of SpaceX and taking it public when its business stabilizes. Based on its projected 2024 revenue of $6.6 billion and expectations of posting an annual profit, that may be just around the corner. In 2019, the first Starlink satellite fleet was launched into orbit. In 2024, the company is projected to generate $6.6 billion in revenue and is on pace for its first profitable year. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Once you complete the order page, click to submit your trade and become a shareholder in one of these space-related stocks while you await Starlink’s IPO.

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Unfortunately buying Starlink stock isn’t as easy as buying Tesla stock. “Going public sooner than that would be very painful,” Musk said in a tweet late Wednesday. “Will do my best to give long-term Tesla shareholders preference.” Each of these methods carries specific risks regulated liquidity provider for forex and cfd and advantages depending on the investor’s strategy and risk tolerance. It operates in the Ku-band and Ka-band frequencies, ensuring a broader range of signal penetration.

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By contrast, landline fiber internet is capable of speeds up to 5 gigabits per second (gbps). Satellite internet also tends to be far costlier than a comparable landline connection, with higher latency and lower caps on data usage. Lastly, satellite internet may suffer from interference due to factors such as terrain or canopy coverage.

“But then we have regulatory work to go into every country and get approved to provide telecoms services.” Starlink should be able vantagefx forex broker review to provide continuous global coverage by September, Shotwell said Tuesday. Additionally, Starlink has ventured into military applications through Starshield, a satellite service designed for defense communications, securing its first Department of Defense contract in 2023.

Can you buy Starlink shares?

SpaceX (the current consumer price index parent company of Starlink) was valued at $137 billion in early 2023. 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.

Maybe shares will resonate with retail investors, or maybe not. However, as with all of Elon Musk’s companies (except Tesla), Starlink is not publicly traded for now. That may not be a bad thing, though, because its service has been unreliable for many of those who have tried it.