The privately held space technology company SpaceX has become one of the world’s most highly anticipated initial public offerings (IPOs).
Interest in SpaceX is high because the company is owned by one of the world’s richest men, Elon Musk. Forbes listed Musk as the world’s richest man in 2022.
However, Musk’s fortune shrank because Tesla’s stock price fell 70% in 2023.
SpaceX Stock
SpaceX stock is not available for purchase on any listed stock exchange because the company is privately held, with Elon Musk as its majority stakeholder. 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.
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 Price
SpaceX’s stock price is not publicly listed 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
SpaceX does not have a stock symbol because it 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 his company with his own money and venture capital. SpaceX has other revenue streams 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. Plans are to use the Dragon to transport wealthy private individuals into space.
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SpaceX Market Capitalization
According to the latest publicly available information, SpaceX’s valuation has increased significantly, reflecting its successful milestones and investor confidence in its prospects.
In December 2023, SpaceX’s valuation was reported to be closer to $180 billion, following a tender offer, according to 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.
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SpaceX IPO
The consensus is that SpaceX will be listed on the NASDAQ, as Musk has listed Tesla (TSLA) there. Being listed on the Nasdaq has several advantages, including being included in the fastest-growing stock market index, the Nasdaq 100, which provides stock price boosts that 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 purchase shares in some publicly traded space technology companies now. Some alternatives to SpaceX include:
1. Northrop Grumman Corp.
Northrop Grumman (NOC) is one of Blue Origin’s partners in the National Team building the Human Landing System.
Northrop Grumman is one of the world’s largest weapons manufacturers and a global aerospace company with a long history in space exploration. It built the Lunar Module for the Apollo 13 moon mission.
Today, Northrop Grumman participates in several NASA space exploration programs, including the James Webb Space Telescope, the Chandra Space Telescope, and the Dawn Asteroid Explorer.
View an interactive NOC chart on TrendSpider
Northrop Grumman is building the Cygnus spacecraft, which will haul cargo to the International Space Station. Northrop Grumman is one of two companies with a contract to haul cargo to the ISS; the other is Elon Musk’s SpaceX.
Northrop 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 proposed new moon mission.
Subsidiary SpaceLogistics LLC is developing vehicles to service and repair satellites in orbit.
Northrop Grumman generates substantial profits, with a 19% profit margin and a $7 billion profit in 2022.
Northrop Grumman (NOC) currently has a dividend payout ratio of 18% and a yield of 1.4% in 2023. Due to the dividend and cash, I consider Northrop Grumman an excellent income stock.
Northrop Grumman suggests that Blue Origin could be a good investment opportunity someday. However, that day may be many years away.
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2. Lockheed Martin Corporation.
Lockheed Martin is one of Blue Origin’s partners in the National Team, which is 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), which builds and launches the Delta and Atlas rockets, which carry satellites into orbit. A ULA rocket will also 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, and cargo planes. Because it builds cargo planes, Lockheed Martin could benefit from the growth of Amazon (AMZN) and the e-commerce sector.
Lockheed Martin is a growing space technology company that generates revenue and pays dividends. Investors must understand that much of its money comes from weapons.
3. Boeing Company
Boeing (BA) is building the Starliner, a 21st-century Space Capsule that 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 multiple times due to the coronavirus and various technical issues. During the first test flight in December 2019, an unmanned Starliner deviated from its 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 the crashes of its 787 Dreamliner aircraft.
The air travel collapse forced Boeing to end production of its iconic 747 8 jumbo jet in 2022. Instead, the company will focus on more fuel-efficient next-generation airliners.
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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.
In 2024, a quality scandal involving Boeing surfaced. The reluctance to innovate led to revisiting older designs, such as the 777 X and the 737 Max. Issues with the latter were responsible for two fatal crashes, one in Indonesia in 2018 and another in Ethiopia in 2019. During a US flight this year, a 737 Max door panel detached mid-flight.
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, as people may be hesitant to travel.
Should you Invest in Space Technology?
It is an exciting time for space technology. Visionary entrepreneurs, including Elon Musk and Jeff Bezos of Blue Origin, are developing new companies and capabilities. The first privately developed space capsule has reached the International Space Station, and plans are underway for more. NASA plans to return to the Moon and explore Mars.
Musk has famously planned a Mars colony, including a city, as reported by Space.com. 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, 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 should avoid investing in companies like SpaceX until someone proves they can generate profits 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.
SpaceX has maintained a high launch 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.
While SpaceX is privately held and does not publicly disclose detailed financial reports, according to private market valuations, the company is valued at nearly $100 billion as of 2021. 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 characterized by a strong launch cadence, expansion of the Starlink internet service, strategic capital raises, and continued development of its Starship vehicle, all of which solidify 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 to interfere with his plans to go to Mars.
Musk views the Mars colony as his life’s work and a 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.
If SpaceX were a public company, it would be incapable of spending billions of dollars building the Starship or a Mars spaceship. In my opinion, the only way SpaceX can launch a Mars mission without restrictions is to remain private.
SpaceX IPO
SpaceX has not announced any official plans for an Initial Public Offering (IPO). Elon Musk, the company’s CEO, has previously indicated that an IPO is unlikely until the company has regularly conducted 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 the company is 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 goals in space exploration and satellite internet. Any official announcements regarding a SpaceX IPO would likely be widely reported in financial news outlets.
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