Summary: Maxar Technologies is a prominent space technology company specializing in communication, satellite imaging, and various high-tech data analytics. This guide explains how to buy Maxar Technologies stock conveniently, using a regulated brokerage such as eToro.
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About Maxar Technologies
Headquartered in Westminster, Colorado, the company is known for its expertise in providing communication, Earth observation, radar, and satellite products and services to businesses and governments. It owns and manages a constellation of high-resolution observation satellites with a crucial role in providing national security and disaster response geospatial services.
Maxar’s advanced technology has extensively contributed to mapping our planet, environmental monitoring, and urban and infrastructure development. In May 2019, NASA chose Maxar as the power and propulsion element provider for the Lunar Gateway.
How to invest in Maxar Technologies
On May 3, 2023, a private equity firm sealed a $6.4 billion deal to acquire Maxar Technologies, ceasing its stock trade on NYSE and turning the company officially private. As a result, the company is no longer publicly traded, so you cannot invest in Maxar Technologies directly. However, you can still invest in other space stock alternatives, like Astra (ASTR) and Rocket Lab (RKLB).
How to buy Maxar Technologies stock alternatives: step-by-step
You can purchase shares of publicly traded space companies in a simple five-step process:
Step 1: Choose a broker
Before you can buy any space stock, you have to get access to the stock market. The simplest way to do this is to obtain the services of an online stock brokerage.
To securely buy space stocks, we recommend the following:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- User-friendly platform.
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Investing platforms come with different pros and cons, usually catering to various personal preferences. However, some factors remain present regardless of your choices, so pay attention to the following:
- Range of offerings: Your brokerage candidate should list the desired space company stock, but you should also confirm the availability of other financial assets such as different commodities, various stocks, forex, and derivative assets like options, CFDs, and futures. Diversifying your portfolio later on will be easier with the assets readily available;
- Cost: Today’s brokerage industry standards allow for accounts with no minimum and 0% commission fees for stocks and ETFs. Do not accept anything less;
- Regulation and security: The brokerage of your choice must comply with the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations. Check for two-factor authentication (2FA) policy and other advanced security measures;
- Fractional stock trading: Platforms that feature fractional stock trading allow you to buy stocks by the dollar amount, which benefits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.
Step 2: Open and fund your account
Once you choose an investing platform, create an account and perform the verification process. The instructions should come into your email inbox within a minute.
When your account is verified, you should transfer some funds to your account. You can buy space stocks with the usually available payment options, including a bank transfer, debit or credit card, and an intermediary transaction service such as PayPal (PYPL).
Step 3: Decide how much you want to invest
Deciding on the right amount to spare for buying space stocks is crucial. Keep your budget in mind, as overextending can cause severe issues in case of failure.
To minimize the consequences of the worst-case scenario, make sure you confirm the following:
- You have paid off all high-interest debt, such as credit card and personal loans;
- You have created an emergency fund covering at least three months of daily costs.
Deciding how much you want to invest is also determined by your investing approach, risk tolerance, and projected investing goals.
Remember
Step 4: Place your order and buy space stocks
You must place a trade order to purchase a space stock. Do the following steps:
- Step 1: Log into your account and find the space company’s ticker symbol;
- Step 2: Type in the dollar amount or the number of shares you want to buy;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Step 5: Monitor and manage your investment
Regularly monitoring and managing your investment is a core part of investing. Being diligent about it significantly increases the chances of a successful investment and higher potential returns.
Furthermore, pay attention to the trends in the space industry, the company’s fiscal performance, press releases, and media coverage, as these also influence the price of space stocks.
ASTR stock price today
RKLB stock price today
Pros and cons of buying space stock
Pros
- High returns potential: With the expansion of the young commercial space economy, investments today have massive potential for significant returns in the future, especially for companies, e.g., involved in satellite tech, space tourism, or asteroid mining;
- Innovation and research: Investing in space brands supports research and development in other sectors, like engineering, AI, and transportation;
- Diverse market: Space companies are massive and frequently operate globally. The scope includes various companies, ranging from narrowly focused new companies to giants with goals involving space colonization.
Cons
- High risk: Space exploration bears enormous risks, with little room for error. From launching issues to complex logistics and navigation, a small mistake can have terminal effects on your investment;
- The industry can be volatile: Many sectors in the space industry are still emerging and thus remain highly volatile, for example, space tourism;
- High competition: The space industry is competitive, and the space race is not over, with private and government entities vying for dominance in outer space.
Common mistakes to avoid when buying Maxar Technologies stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the stock in detail, along with the space sector and telecoms industry, before investing anything;
- Lack of strategy: Define your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Maxar Technologies stock
Can I buy Maxar Technologies stock?
Unfortunately, the general public has no means to invest in Maxar Technologies as it is a private company subsidiary. However, you can still invest in alternative space stocks like Astra and Rocket Lab.
Can I invest in alternative space stocks?
Yes, you can invest in one of the several space companies listed on stock exchanges. Investing in space stocks requires a third-party brokerage like eToro.
How do I sell space stocks?
Log into your investing platform, find the space stock ticker, input how much stock you want to dispatch, and click the ‘sell’ button.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
