SpaceX: Revolutionising Space and Driving Investor Confidence
SpaceX, Elon Musk’s privately held company, is a groundbreaking enterprise that has revolutionised space flights while achieving a staggering valuation of $100 billion. In 2022, there was a transfer of interest in SpaceX stocks, with more sales than purchases, until the balance was reached in August 2023. The market was also steadier in the 2nd quarter of that year, but investor sentiment soared in the last part of 2023 and the first weeks of 2024.
SpaceX is a pacesetter in space transportation. However, it is not only NASA astronauts and satellites that the company moves: it is also a leader in space tourism and future Mars exploration. Don’t forget it was the first private company that brought passenger rockets to space and reused them, which sparked a new era of unbelievable innovativeness in space.
Considering its advantages, many investors consider this stock a strong buy. Let’s see if they are right.
SpaceX’s Valuation
As of 2024, with a value of $137 billion, SpaceX has become the most lucrative pre-IPO company in the US. Its valuation reached $180 billion ($97 per share) by mid-2024 through a secondary share sale in a private market. That was about a 20% increase from its previous valuation of $81 per share, or $150 billion. This means SpaceX has surpassed even traditional giant companies like Boeing (BA -4.69%), Lockheed Martin (LMT -0.02%), and Northrop Grumman (NOC 0.24%).
With an estimated net profit of $4.5 billion for 2024, SpaceX has a forward price-to-earnings (P/E) ratio of nearly 40. While that’s higher, it’s more reasonable than other high-flying stocks. As a long-term investment, however, it could provide steady income to investors.
Is SpaceX Stock Available To Everyone?
SpaceX is an actively private company stock. Thus, only institutional investors can invest in the company before the SpaceX IPO. Traders can’t obtain any data about their shares from international trading platforms.
How to Buy Spacex Stock in 2024
As we have mentioned, the SpaceX enterprise is not a public company yet, so its not listed on the stock exchanges, such as the NYSE or the Nasdaq Stock Exchange.
Some analysts refer to SpaceX as one of Elon Musk’s main investments. Currently, he controls the company, owning between 40% and 50% of its shares. The workers and the venture capital investors hold the rest of the shares. However, outsiders cannot buy this stock from their brokerage accounts.
That doesn’t mean that you can’t invest in SpaceX, though. There are other options that will enable you to profit from it. Some people even now purchase its shares on the reseller platforms. One of them is the Rainmaker Securities platform, which allows traders to conduct private security transactions.
Thus, you can invest in SpaceX indirectly instead of buying its shares. Exchange-traded funds (ETFs) are a good way to do that. While you can’t purchase SpaceX stocks as a retail investor now, you acquire shares in one company that owns it.
However, currently, only two publicly traded companies own this stock:
Bank of America Corporation (NYSE: BAC)
Bank of America’s estimated worth is approximately $270 billion as a multinational financial service holding company. This firm has been operating in Charlotte, North Carolina, since its launch.
Bank of America invested $250 million in SpaceX stock by the end of 2018, at a valuation of almost $30 billion. This strategic move was calculated to bring long-term profit. BoA bet on the rocket company’s future potential, and it paid off. The market valuation multiplied tenfold, a testament to the foresight and planning behind the investment.
Alphabet Inc (Google’s Parent Company -NASDAQ: GOOGL)
In January 2015, Alphabet invested $900 million in SpaceX’s shares at a valuation of $12 billion. The tech giant added another $337 million in December 2021 to its initial investment. Overall, Google’s investment is likely worth more than $10 billion.
Other Ways to Invest in SpaceX
Several other publicly traded companies own the SpaceX stock, where you can invest. These are:
- The Boeing Company (NYSE: BA)
- Lockheed Martin Corporation (NYSE: LMT)
- Raytheon Technologies Corporation (NYSE: RTX)
- Virgin Galactic Holdings, Inc (NYSE: SPCE)
Tesla and SpaceX are Collaborating on the New Roadster
Elon Musk recently stated that the long-awaited second-generation Tesla Roadster is designed to travel through places no car has ever been. According to Musk, Tesla is cooperating with SpaceX on the Roadster’s revival. The latter was Tesla’s electric sports car that had become one of the company’s icons.
Musk declined to answer questions about the flying of the Roadster but mentioned that the feature was “not out of the question”.
Tesla Roadster, which thrust Musk’s electric car company into the limelight in late August, was one of the first electric sports cars on the market. The company sold about 2,450 units of this limited edition car between 2008 and 2012. Musk has been talking about bringing back the Roadster since 2017, inspiring the unveiling of a new version of the sports car, the Tesla Semi.
Tesla and SpaceX Stock Price News
Tesla’s stock is currently trading at $207.67, and SpaceX shares are worth $104.86, rising over the last sessions.
SpaceX’s incredible path sets a no less pivotal example of the company’s leadership in the technology and space exploration of the coming age. And with the positive forecasts, investors shoud consider this stock as an addition to their portfolios.
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