Some people ask, “Should I buy stock in SpaceX?” When you read this article, you will discover everything you need to know about buying SpaceX stock and diversifying your portfolio.
SpaceX was founded in 2002 by Elon Musk and is the world’s most advanced rockets and spacecraft manufacturer. SpaceX’s headquarters are in Hawthorne, California.
What is SpaceX
SpaceX, founded by Elon Musk, is a private company that designs, manufactures, and launches advanced rockets and spacecraft. The company has made headlines recently for its innovation, including developing reusable rockets that can land themselves back on Earth.
The company has made headlines recently for its innovation, including developing reusable rockets that can land themselves back on Earth.
SpaceX provides launch services for satellites, space probe missions to Earth orbit and beyond, and manned space flights. SpaceX has developed Falcon vehicles that successfully placed a satellite into geostationary orbit in March 2018 and launched a Japanese HTV cargo spacecraft to the International Space Station in April 2018. With eight successful launches on its manifest, SpaceX has demonstrated high reliability, each of which saw an on-time or early launch.
SpaceX’s primary products are advanced rockets and spacecraft, with over 80 launches to their credit. Their reusable Falcon 9-derived rockets have successfully launched 12 times: 4 Falcon 9 rockets in 2008–2009 and 8 since then have deployed spacecraft into Earth orbit. SpaceX also has a large backlog of commercial and government launches and many future missions on the launch manifest.
SpaceX is developing a family of new launch systems that are much more powerful than Falcon 9: the Falcon Heavy, designed for commercial payloads, will have over twice the capacity of the Delta IV Heavy. However, development is still in progress. In June, SpaceX successfully test-fired a developmental version of its next-generation Raptor rocket engine for the first time.
Tips on Buying SpaceX Stock
SpaceX shares are not publicly traded, so you can’t buy them on the stock market. However, the steps below will help you in buying SpaceX stock.
Step 1: Learn about SpaceX’s achievements and plans for growth
SpaceX is a leader in space technology and space flight. The company recently launched its Falcon 9 rocket, the first reusable stage. This represents a significant advancement over its previous missiles, which were expendable.
SpaceX has become the first to launch and recover a spacecraft from orbit, not just once but three times. SpaceX has even sent an uncrewed Dragon capsule to dock with the International Space Station.
SpaceX is also working on reusable launch vehicles, which could make spaceflight vastly more affordable. The company recently released photos of its Grasshopper rocket taking off, landing vertically, and then taking off again. The company plans to develop a reusable spacecraft to take humans to Mars by 2024.
Step 2: Set a date to buy shares of SpaceX
Buying SpaceX stock is a decision that will transform your life, but it is not currently available for purchase, and it most likely won’t be until at least 2024. This is because SpaceX is privately owned by Elon Musk. However, you can regularly follow the company’s updates to know when to invest.
Step 3: Learn about the restrictions on ownership of SpaceX stock
Many investors are interested in SpaceX stock because they believe it will perform well, but other incentives exist. Investors who work at NASA or other related fields can own a certain number of shares and retain their jobs, according to Musk.
Step 4: Determine your risk tolerance and set your investment goal
Though you can invest in stocks without risking a dime of your finances if you use options, it’s possible to lose money on stock investments if the stock declines in value. Be sure to consider your risk tolerance before investing. Also, remember that SpaceX is a risky investment, as there are no guarantees that it will grow as fast as it has in the past.
Step 5: Put together a buy-only plan
If you only plan to buy SpaceX stock, you can purchase shares without ever holding them for long. If you have the money ready, purchase whatever shares are specific to your goals.
Step 6: Put together a sell-only plan
If you’re purchasing shares of SpaceX to hold for the long term and plan to sell after some time, then you can create a sell-only plan based on your goals. If the stock hits your target, then sell it. If it doesn’t, you can decide how long (or how little) you want to wait before selling.
How to buy SpaceX stock
SpaceX has no public stock market listing because it is still privately held. Nonetheless, there are other alternative ways to invest in SpaceX stock.
Invest Through a Pre-IPO Secondary Market
Pre-IPO shares have a secondary market where they can be bought and sold. Early investors or employees with stock options may sell shares to online pre-IPO marketplaces. SpaceX shares might be purchased via marketplaces like EquityZen, SecFi, and Forge Global Sharepost.
Invest in the IPO
Consider investing in the IPO If you need help securing the pre-IPO shares. However, your entry price might be higher. An added advantage is that you’ll be able to sell your shares whenever you want to. You can invest in IPO with Fidelity, E*Trade, Charles Schwab, and TD Ameritrade.
Invest After the IPO
The safest way to buy SpaceX stock is to wait for the IPO and buy shares after the IPO. Pre-IPO or IPO purchases are cheaper than after-IPO, but it remains the most straightforward and safest way to invest in SpaceX stock.
Moreover, there’s still a chance to make an excellent profit. Any brokerage account is capable of doing this.
Pros of buying SpaceX stock
SpaceX is a leading space technology company.
SpaceX designs and manufactures advanced rockets and spacecraft. The company’s mission is to make it possible for people to extend life beyond Earth by enabling the colonization of Mars. The telecommunications and aerospace industries have a lot of growth potential compared to other sectors.
SpaceX is profitable
SpaceX has been profitable every year since it began operations in 2002. The company has proven to be the best when it comes to attracting investors
SpaceX is proliferating.
The Starlink and Starship projects have witnessed early success in the past. The company is increasing.
Cons of buying SpaceX stock
The following are a few things to remember before Buying SpaceX stock.
- It is important to note that the company is still at an early stage of development, and its future is uncertain for now.
- It is risky to invest in SpaceX because it requires a high capital input. Accidents could have a severe impact on the viability of the company.
- SpaceX is so reliant on government funding that things could get dicey.
Who is Elon Musk?
Elon Musk is an incredible billionaire entrepreneur, the founder, CEO, and CTO of SpaceX, co-founder of Tesla Motors, and chairman of SolarCity. He also serves as the chairman of The Boring Company.
He has developed reusable rockets, which will open the door for cheaper and faster spaceflight in the not-too-distant future. Elon Musk was born in Pretoria, South Africa; Musk has a degree in physics from the University of Pretoria.
Conclusion
With all the research and hard work you’ve put into learning about buying SpaceX stock, you can now apply all of your knowledge to decide when it’s best to buy SpaceX stock.
Since Elon Musk’s company, SpaceX, is privately owned, it could be a while before traders can purchase stock in this once-private company. However, they can take these steps to learn more about how to get started as a shareholder in this promising venture. If you find this article interesting, you can proceed to read How to own Elon Musk’s Tesla stock (An Easy Guide).
