SpaceX is a company that specializes in designing, manufacturing, and launching advanced rockets and spacecraft. Their mission is to revolutionize space transportation and make life multiplanetary. They are currently working on developing a next generation of fully reusable launch vehicles, which will be the most powerful ever built. These vehicles will have the capability to transport humans to various destinations in the solar system, including Mars. In addition, SpaceX operates Starlink, the largest-ever satellite constellation, which provides commercial satellite-based internet services. Their vertically integrated approach allows them to build the majority of the vehicle on the Hawthorne campus, contributing to their goal of substantially reducing the cost of space access.
SpaceX stock is not currently traded in the private markets. We do not have enough data to print a price history for SpaceX right now.
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SpaceX Valuation
We are missing all SpaceX funding round valuations. Sometimes these details are not shared in funding announcements or corporate filings.
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SpaceX IPO
SpaceX manufactures satellites and rockets, and is the most valuable private US company. Because it is still private, the general public cannot buy SpaceX stock. Institutional investors, the general public, and experts alike are anxiously looking forward to a definitive SpaceX IPO date.
Experts regularly try to predict the SpaceX IPO timeline. Some speculated whether Elon Musk (SpaceX CEO), will take the company public to free up his capital for use backing X.
When asked about a SpaceX IPO, Elon Musk declined to answer because of legal and regulatory concerns. He has suggested that an IPO is probable but has never set a SpaceX IPO date. At one point he said the company will be private until rockets fly to Mars regularly. On another recent occasion Musk told SpaceX employees an IPO isn't probable until after 2025 when the company is more developed.
The company may choose to list SpaceX stock on NASDAQ or NYSE stock exchange, but no announcements have been made.
Recent SpaceX filings outline minimum company-mandated criteria to qualify for a public offering. SpaceX must receive $250,000,000 or more net aggregate gross proceeds from the sale of its equity securities. The pre-public SpaceX market cap must be at least $6,000,000,000.
SpaceX last tender offer valued the company at $150 billion.
The CEO and company's vision decide if the company will go public, even if it meets all the internal requirements. There are pros and cons to both staying private or going public as well as risks associated with each.
The IPO process is time consuming, expensive, and public companies experience increased expenses. When a private company becomes public, virtually all of its operations are subject to public and regulatory scrutiny. Publicly traded companies face extra regulation, must reveal their financial information, and management may lose some control of the company.
Privately held companies have less pressure to hit short-term profit goals compared to public companies. SpaceX as a private company can focus on long-term growth which aligns with Musk's ambitious vision of multi-planetary life.
SpaceX is able to operate with more agility compared to NASA. SpaceX, being privately held, can quickly implement changes and procure talent from competitors or universities. The company appears to be focusing on launching rockets effectively rather than short-term profits.
Staying private also enables SpaceX to operate internally at high speeds. Unlike NASA, SpaceX can make decisions quickly, implement changes, and procure talent from competitors or universities.
An IPO can be ideal for private companies that need to raise significant capital to continue growth.
In April 2023, Elon Musk said as far as he is aware, SpaceX does not need to raise incremental funding. According to a report from June 2023, SpaceX is in a strong financial position flush with $5 billion in the bank. One of SpaceX's main advantages is material cost efficiency compared to NASA, a competitor in the space industry.
Furthermore, Elon Musk reportedly forewarned investors investing in SpaceX to expect their funds to be illiquid for 15 years. If SpaceX can attract capital under such conditions, the company faces little pressure to IPO for the purpose of raising funds. If SpaceX investors' funds were made liquid through an IPO, they could help Musk disrupt a new industry.
Starlink, a satellite internet company, is well positioned to make more money as it meets increasing global demand. The company acquired over a million users by 2022 and is becoming cash flow positive. Starlink is a major supporting factor of the SpaceX valuation, some estimate at least half of the company's value. Starlink has reportedly reached breakeven cashflow November 2023.
Elon has tweeted in 2021 that Starlink could IPO separately from SpaceX once its cash flow becomes steady. He further commented that this level of consistency may be years from now, and jumping the gun would be detrimental.
If either SpaceX or Starlink IPO, it would likely be one of the largest in the last few years. Considering Musk's track record with Paypal and Tesla, either scenario would likely be extremely successful.
Since the company is private, there is no SpaceX symbol or SpaceX ticker associated with SpaceX stock. The initial SpaceX stock price is unknown. The company has not yet filed a S-1 with the Securities Exchange Commission.
This page will be updated to reflect any changes to SpaceX's IPO status.
Does SpaceX have stock?
Yes.
Investors usually get preferred stock and employees typically get common stock options or restricted stock units.
How to buy SpaceX stock?
SpaceX stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Accredited investors are permitted to buy SpaceX stock pre-IPO.
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Trades can take 30 - 60 days to complete and that's why many investors hire experienced private market brokers to ensure things go smoothly. Notice members can message expert brokers for free to learn more about buying and selling private stocks.
What is the SpaceX Stock Symbol?
SpaceX does not have stock symbol nor does it trade in the public stock market because it is not a public company.
SpaceX will choose a stock symbol or stock code prior to IPO.
SpaceX will appear in the Notice stock ticker if it has recent private market activity.
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