![How to Buy Starlink Stock [2024] | IPO & Valuation](https://assets.finbold.com/uploads/2023/12/How-to-buy-Starlink-stock-1.jpg)
Summary: Unfortunately, Starlink is not a public company, so investing in it directly is not possible. However, there’s news about a potential initial public offering (IPO) planned for early 2024, so keeping an eye out on the company is definitely recommended. In the meanwhile, you can gain some exposure to the aerospace industry by investing in some Starlink stock alternatives on online stock trading platforms such as eToro.
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About Starlink
Starlink is a satellite internet constellation project developed by SpaceX—Elon Musk’s aerospace company. Starlink seeks to provide high-speed, low-latency broadband internet to remote areas around the world where fiber and related technologies are difficult to implement. It is currently available in around sixty countries.
Starlink stock IPO
Starlink is not yet a publicly traded company. However, there have been news and rumors about a potential initial public offering (IPO) in 2024. In November 2023, in response to a post by Bloomberg, Elon Musk denied any plans for a Starlink IPO coming so quickly.
Musk had, however, expressed his intention to take Starlink public once revenue growth and cash flow became more stable. Considering SpaceX is worth approximately $150 billion and considering it’s significantly ahead of its competitors in many areas, we can’t help but wonder about 2024 as a potential date.
Other investors have different ideas. In a statement to CNBC on November 10, for example, Ron Baron anticipated such a development occurring by 2027. Although investor opinions might clash, one thing is certain: Starlink IPO is generating a lot of buzz, especially since the demand for reliable internet in remote regions has never been higher.
Analysts are rightfully keeping a close eye on the situation for additional updates.
How to buy Starlink stock: Step-by-step
As mentioned, Starlink is not a public company, so you can’t buy its stock directly. You can, however, invest in some of its competitors and gain exposure to the industry that way while you wait for Starlink to go public.
To invest in a Starlink alternative, you can follow these simple steps:
- Step 1: Choose a broker;
- Step 2: Open and fund your account;
- Step 3: Research Starlink alternatives;
- Step 4: Place your order to invest in an aerospace company of your choice;
- Step 5: Monitor your portfolio.
Step 1: Choose a broker
The first step you’ll have to take is to select a licensed broker. Key considerations when choosing a broker should include fees and commissions, user interface friendliness, customer support quality, and additional features such as research tools and educational resources.
Our go-to brokerage is eToro, a stock trading platform with a user-friendly interface, a transparent fee structure, and features such as:
- Commission-free stock trading;
- Access to global stock exchanges;
- Fractional shares;
- Charting tools;
- Copy-trading and Smart Portfolios.
Highly Rated Stock Trading & Investing 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.
Step 2: Fund your account
When you select a broker, you can open and fund your account before making any stock purchases. Nowadays, brokerage platforms place a number of funding methods at the user’s disposal, such as bank transfers, credit/debit card payments, wire transfers, etc.
Step 3: Research alternatives
Next, you can research the market and find some Starlink stock alternatives. The aerospace industry is highly profitable, and there are quite a few companies with solid portfolios and track records. For starters, you can check out our guide on the top 5 space stocks to buy in 2023 as well some of our picks below:
1. Lockheed Martin (LMT)
Lockheed Martin (NYSE: LMT) is known as a leading player in the space industry, particularly in satellite technology. Indeed, the company has seen a lot of demand from both the public and private sectors, creating a sense of safety among investors. Note also that the company is not solely dependent on its space-related ventures. Despite its significant presence in the space sector, Lockheed Martin has a diverse portfolio, which includes arms, defense, and information security products.
Lockheed Martin stock price
Your capital is at risk.
2. Astra (ASTR)
Astra (NASDAQ: ASTR) went public recently and remains an intriguing stock to watch despite its current low trading price as it keeps increasing the frequency of rocket launches. Indeed, the company has faced challenges in the past, including a 1-for-15 reverse stock split, but many analysts are certain the problems were due to risks associated with space exploration rather than capital. If you’re looking for a more affordable Starlink stock alternative, Astra could be a solid opportunity due to its historically low valuation ratios and promising growth potential.
Astra stock price
Your capital is at risk.
3. Rocket Lab USA (RKLB)
Rocket Lab USA (NASDAQ: RKLB) combines scientific research and commercial productization within the space industry, aiming to attract a larger and more diverse body of investors and clients. Moreover, it’s been securing strategic partnerships. For example, it has a deal with the Korea Advanced Institute of Science and Technology for an observational research satellite launch in 2024, which could lead to substantial growth in the following years.
Rocket Lab USA stock price
Your capital is at risk.
Additionally, you can explore the top 3 Space ETFs to Buy in 2023.
Step 4: Place an order and buy Starlink stock alternatives
With funds in your account and a clear idea of what company you want to invest in, you can place an order and buy some Starlink alternative shares. To do that, you can:
- Log into your brokerage account;
- Search for the stock you wish to buy using its ticker symbol or company name;
- Specify the order type: Choose between a market order (i.e., buying shares at their current price) and a limit order (i.e., setting a price at which you wish to buy shares later on);
- Enter the number of shares or specify the dollar amount you wish to invest;
- Review your order;
- Confirm and execute the order.
Pros and cons of investing in aerospace stocks
Pros
- Growth potential: Like space itself, the aerospace sector is constantly expanding, so new investment opportunities could be a regular occurrence in the future;
- Innovation: The space industry is one of the most innovative industries;
- Early movers: Investors who gain exposure to the industry early might profit the most when it becomes truly mainstream;
- Large market: Space companies are worth a lot. SpaceX alone is worth around $150 billion and operates on a global scale.
Cons
- High risk: Space travel is extremely risky, so the margin for error is as small as it can get;
- Volatility: Sectors like space tourism are new and extremely volatile;
- High competition: The space industry is competitive, with companies as large as Amazon and SpaceX trying to outdo one another;
- Political risks: Political regulations can affect stock prices.
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 Starlink stock
Is Starlink a publicly traded company?
Starlink has still not gone public.
When is Starlink's stock release date?
There have been news and rumors about a Starlink stock IPO in 2024. However, different investors and analysts have different opinions and predictions, and Elon Musk himself has not been sharing much of his plans for the planned IPO.
Can you buy Starlink stock?
You cannot invest in Starlink directly yet, as it is not a public company. However, you can gain exposure to the aerospace industry by investing in some of Starlink’s competitors on a stock trading platform such as eToro.
What is Starlink’s stock symbol?
Starlink does not have a stock symbol as it is not a publicly traded company.
Where to buy Starlink stock?
Starlink is not a publicly traded company, so its stock is not available for direct purchase anywhere.
What is the projected Starlink stock price?
Since we lack any substantial official info about the Starlink IPO, guessing its the projected price of its stock is difficult.
How to buy Starlink stock pre-IPO?
Starlink operates as a SpaceX unit, so its stock is not available for direct purchase. Unfortunately, SpaceX is also a private company, so you can’t invest in it directly either. The only way to buy Starlink stock before its IPO is to potentially invest with private equity firms who have access to it.
How to buy Starlink IPO?
You cannot buy Starlink IPO yet as a retail investor.
What is Starlink's valuation?
Starlink financial reports are not public. However, the company appears to be valued at almost $140 billion as of January 2024.
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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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