The privately-held space technology company SpaceX has become one of the world’s most hotly anticipated initial public offerings (IPOs).
Interest in SpaceX is high because one of the world’s richest men, Elon Musk, owns the company. Forbes listed Musk as the world’s richest man in December 2020 and January 2021. However, Musk’s fortune shrank because Tesla’s stock price fell 70% in 2022/23.
Note: This is an unbiased research report. The author or Liberated Stock Trader is not affiliated, paid by, or owns stock in any of the companies mentioned in this report.
SpaceX Stock
SpaceX stock is not available to buy on any listed stock exchange because it is a privately held company, and the majority stakeholder is Elon Musk. Musk has raised $10.5 billion in private equity capital from 10 companies.
As an independent investor, you cannot buy SpaceX stock on the open market.
SpaceX Stock Price
SpaceX has no publicly listed stock price because it is not floated on any stock exchange. Shares in SpaceX were valued at $150 billion in December 2023.
SpaceX investors include Sequoia Capital, Founders Fund, Andreessen Horowitz, Gigafund, Alpha Dhabi, and Kinetic Partners.
SpaceX Stock Symbol
There is no SpaceX stock symbol because SpaceX is a private company that has not undergone an initial public offering (IPO). There will be a SpaceX stock symbol only after an IPO.
Elon Musk finances with his own money and venture capital. SpaceX has other income sources today, including satellite launches, US government contracts, and space research.
Investors are interested in SpaceX because of Musk’s proposed Starlink satellite high-speed internet program. Starlink aims to offer high-speed internet anywhere on Earth using a network of thousands of satellites.
Musk hopes Starlink will generate enough money to finance his well-publicized scheme to colonize Mars.
Musk’s ultimate goal at SpaceX is to create a colony on Mars.
SpaceX’s Starship heavy rocket aims to haul people and supplies to Mars. The National Aeronautics and Space Administration (NASA) plans to transport astronauts and equipment to the Moon using the Starship.
SpaceX has experience hauling people and cargo to the International Space Station (ISS) on its Dragon space capsule. The Dragon has carried astronauts to the ISS on two missions. There are plans to use the Dragon to haul wealthy private individuals into space.
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SpaceX Market Capitalization
As of the latest publicly available information, SpaceX’s valuation has seen significant growth, reflecting its successful milestones and investor confidence in its future prospects.
In December 2023, SpaceX’s valuation was reported to be closer to $180 billion following a tender offer, as per Reuters. This marks an increase from its previous valuation of around $150 billion. The increase in valuation signifies the market’s optimism about SpaceX’s future, especially considering the company’s advancements in satellite internet services with Starlink and the development of the Starship rocket.
This valuation makes SpaceX one of the most valuable private companies in the world, reflecting its dominant position in the space industry and its potential for future growth, particularly as it continues to expand its satellite constellation and progresses with its deep space ambitions.
SpaceX NASDAQ IPO
The consensus is that SpaceX will be listed on the NASDAQ because Musk listed Tesla (TSLA) there. Being listed on the Nasdaq has advantages, such as being included in the fastest-growing stock market index, the Nasdaq 100, which provides stock price boosts no other index can match.
Tech stock investors are interested in SpaceX because it has built some successful spacecraft. In addition to the Dragon, the Falcon 9 is an innovative reusable two-stage rocket.
SpaceX advertises the Falcon 9 as the world’s first reusable rocket. After launching cargo to orbit, the Falcon 9 lands in the water where SpaceX can recover it. The hope is that Falcon 9 can reduce launch costs because it reuses the most expensive part of the vehicle – the rocket.
3 Top SpaceX Alternative Investments
There is no SpaceX stock, but you can buy some publicly traded space technology companies now. Some alternatives to SpaceX include:
1. Northrup Grumman Corp.
Northrup Grumman (NOC) is one of Blue Origin’s partners in the National Team building the Human Landing System.
Northrup Grumman is one of the world’s largest weapons manufacturers and a global aerospace company. Northrup Grumman has a long history in space exploration. It built the Lunar Module using the Apollo 13 moon mission.
Today, Northrup Grumman participates in several of NASA’s space exploration programs. Those programs include the James Webb Space Telescope, the Chandra Space Telescope, and the Dawn Asteroid Explorer.
View an interactive NOC chart on TrendSpider
Northrup Grumman is building the Cygnus spacecraft, which will haul cargo to the International Space Station. Northrup Grumman is one of two companies with a contract to haul cargo to the ISS; the other is Elon Musk’s SpaceX.
Northrup Grumman could design and build the Habitation and Logistics Outpost, or HALO, a component of NASA’s proposed Lunar Gateway. The Lunar Gateway is NASA’s proposal for a new moon mission.
Subsidiary SpaceLogistics LLC is developing vehicles to service and repair satellites in orbit.
Northrup Grumman makes enormous amounts of money, with a profit margin of 19% and a profit of $7 billion in 2022.
Northrup Grumman (NOC) currently has a dividend payout ratio of 18% and a 1.4% yield in 2023. I consider Northrup Grumman an excellent income stock because of the dividend and the cash.
Northrup Grumman shows Blue Origin could be a good stock someday. I think that day could be many years away, however.
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2. Lockheed Martin Corporation.
Lockheed Martin is one of Blue Origin’s partners in the National Team building the Human Landing System (HLS) lunar module for NASA.
Lockheed Martin (LMT) participates in many space missions, including the OSIRIS-Rex asteroid tagging mission. In that mission, the OSIRIS-Rex spacecraft touched the surface of asteroid Bennu, gathered samples, and flew off. The mission depends on Lockheed Martin’s TAGSAM technology.
Lockheed Martin and Boeing (BA) are partners in the United Launch Alliance (ULA). The United Launch Alliance builds and launches the Delta and Atlas rockets that carry satellites into orbit. A ULA rocket will carry Boeing’s Starliner space capsule into orbit.
View an interactive LMT chart on Trendspider
Lockheed Martin will build its rocket factory in Titusville on Florida’s Space Coast to service NASA. Lockheed Martin is a major builder of aircraft ranging from fighter planes to helicopters to airships, drones to cargo planes. Lockheed Martin could profit from the growth of Amazon (AMZN) and e-commerce because it builds cargo planes.
Lockheed Martin is a growing space technology company that makes money and dividends. Investors must understand that much of Lockheed Martin’s money comes from weapons.
3. Boeing Company.
Boeing (BA) builds the Starliner, a 21st Century Space Capsule NASA plans to use on missions to the International Space Station (ISS).
The Starliner will carry Boeing and NASA astronauts to the ISS. Unlike the SpaceX Dragon, the Starliner has not carried astronauts into space. NASA had a manned Starliner mission in 2021.
The Starliner test has been delayed several times because of the coronavirus and various problems. During the first test flight in December 2019, an unmanned Starliner went off course and burned up in orbit. Boeing is rebuilding the Starliner to prevent another catastrophe.
View an interactive Boeing chart
Boeing faces many problems, including the collapse of air travel and airliners and its 787 Dream Liner aircraft crashes.
The air travel collapse forced Boeing to end production of its iconic 747-8 jumbo jet in 2022. The company will focus on more fuel-efficient next-generation airliners instead.
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Boeing is the only company with a space capsule capable of competing with SpaceX’s Crew Dragon. Boeing’s Starliner is unproven and untested, but space capsules are a proven technology.
The Russians have been flying space capsules without any fatalities for almost 50 years. The Starliner pictures on Boeing’s website resemble America’s historic Mercury capsules that took John Glenn and Alan Shepard into orbit.
Boeing has a long history of building complex vehicles, including airliners, rockets, missiles, and satellites. They founded Boeing in 1916, so it has a long history compared to SpaceX.
Contrarian investors could buy Boeing because they think the airline industry will recover in 2023. Such a recovery could take several years or longer because people could be afraid to travel.
Should you Invest in Space Technology?
It is an exciting time for space technology. Visionary entrepreneurs, including Musk and Blue Origin’s Jeff Bezos, are developing new companies and capabilities. The first private space capsule has reached the International Space Station, with plans for more. NASA has plans to return to the Moon and explore Mars.
Musk famously has plans for a Mars colony, including a city, Space.com reports. Bezos wants a future where millions will live and work in space. Bezos’ plans include giant orbiting space colonies that thousands of people call home and factories in space.
Space technology is exciting and glamorous and possibly vital to humanity’s future. However, in today’s world, space technology is a speculative investment.
Only people can afford to lose money, and those who can stomach investment in weapons makers should consider investing in space technology. Ordinary investors must avoid investing in companies like SpaceX until somebody proves they can make money in space.
SpaceX Profitability
SpaceX, the aerospace manufacturer and space transport services company founded by Elon Musk, has been performing notably in its launch business and its satellite internet venture, Starlink.
In terms of launches, SpaceX has maintained a high cadence, setting records for the number of orbital launches conducted in a single year. The company’s workhorse Falcon 9 rocket has become a mainstay for satellite deployments, resupply missions to the International Space Station (ISS), and even crewed flights as part of NASA’s Commercial Crew Program.
Starlink, SpaceX’s ambitious project to provide global broadband internet service via a constellation of low Earth orbit (LEO) satellites, has been expanding its service offerings and customer base. As of late 2023, Starlink had launched thousands of satellites and started providing internet service to customers in various countries, marking significant progress toward its goal of worldwide coverage.
Financially, while SpaceX is privately held and does not publicly disclose detailed financial reports, the company has been valued at nearly $100 billion as of 2021, according to private market valuations. This valuation reflects the company’s perceived growth potential and its successes in securing lucrative contracts, such as those for commercial satellite launches, NASA missions, and national security payloads.
Moreover, SpaceX has been actively raising capital to fund its ambitious projects, such as Starlink, and developing its next-generation launch vehicle, Starship, to carry humans to the Moon, Mars, and beyond.
In summary, SpaceX’s recent company performance has been marked by a strong launch cadence, expansion of the Starlink internet service, strategic capital raises, and continued development of its Starship vehicle, all solidifying its position as a leading player in the private space industry.
Will there be a SpaceX Ticker?
There will be no SpaceX stock ticker anytime soon because Musk wants to keep the company private. I suspect Musk will keep SpaceX private because he does not want anybody interfering with his plans to go to Mars.
Musk views the Mars colony as his life’s work and gift to humanity. Musk will not let anybody stand in the way of his life’s work.
If Musk were to take SpaceX public, he could lose control of the company and have to report to a board or stockholders. Similarly, Musk will have to follow more regulations if SpaceX goes public.
SpaceX could be incapable of spending billions of dollars building the Starship or a Mars spaceship if it were public. In my opinion, the only way SpaceX can be free to launch a Mars mission is to remain private.
SpaceX IPO
SpaceX has not announced any official Initial Public Offering (IPO) plans. Elon Musk, the CEO of SpaceX, has previously indicated that an IPO for SpaceX is unlikely until after the company regularly conducts missions to Mars.
Musk has expressed concerns that the long-term goals of Mars colonization might not align well with the short-term interests of public market investors. He has suggested that an IPO for SpaceX’s satellite internet business, Starlink, could happen once in a more stable financial position. This would allow investors to invest in a portion of SpaceX’s operations without affecting the company’s overarching mission to Mars.
Investors and space enthusiasts continue to watch for changes in SpaceX’s stance on going public. Still, the focus remains on achieving its ambitious space exploration and satellite internet goals. Any official announcements regarding a SpaceX IPO would likely be widely reported in financial news outlets.
I want invest in space related company.