When is the Starlink IPO Date and Can You Invest? Updated 2024 INN

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. 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. But after the basics of forex arbitrage the Starlink IPO, it will become an individual entity and shares will be publicly traded on a stock exchange.

While Starlink IPO rumors sh payments selects nano as digital core banking platform have been circulating, there is no clear indication it will happen soon. Still, there are ways for investors to buy Starlink stock in 2024, well before its IPO. Technically, it’s still part of SpaceX and therefore owned by the same investors and owners. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data. There isn’t a Starlink stock symbol, because the company is currently private. Retail investors can wait for the IPO, or explore some of the ideas discussed in this article.

If a brand is a referral partner, we’re paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. That being said, Starlink also needs a license to offer internet services before new customers can sign up. First, satellite internet by its nature is easier to expand than cable and fiber internet infrastructure. People can theoretically use Starlink as long as they have the necessary equipment and a clear view of the sky as its satellites orbit the globe. As of January 2022, It has launched 2,091 satellites including 1,915 currently in orbit.

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1. Elon Musk said he wanted a more predictable cash flow before an initial public offering, but he didn’t get too specific.
2. Simply put, the idea of having satellites beaming down internet signals is a novelty and makes people excited.
3. One modem is used for sending data and the other for receiving.
4. SpaceX uses its Falcon 9 rockets to launch Starlink satellites into space, having launched 49 Starlink satellites in January 2021.
5. Musk had, however, expressed his intention to take Starlink public once revenue growth and cash flow became more stable.

From an investment perspective, Starlink displays incredible promise. The company’s ties to Musk, a man with an established track record of successful technology startups, has generated considerable interest out of the gate. On the technical front, this one’s easy — you don’t know how a debutante will respond. Maybe shares will resonate with retail investors, or maybe not. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. Once Starlink goes public, you’ll need a brokerage account to invest.

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There is no SpaceX or Starlink stock symbol and you can’t buy it in your brokerage account. Clearly, Starlink is a company that has huge growth potential. While the stock isn’t publicly traded (yet), there are plenty of options for investors to grab onto the coattails of the company’s growth. However, there are still ways for investors to gain indirect exposure via stocks in similar industries. Historically, speed and capacity represent the two most significant drawbacks to satellite internet.

Unfortunately, SpaceX says 40 of the 49 satellites it launched at the end of 2021 were wiped out by a geomagnetic storm. As a well-known force in the developing space industry, SpaceX has received a lot of attention with its eye-catching launches. That includes the Crew-3 Mission launch from the Kennedy Space Center in November 2021. We receive compensation from the products and services mentioned in this story, but the opinions are the author’s own.

If Starlink is still worth half of SpaceX’s value, that would mean so Starlink is worth around $105 billion on its own. In 2019, the first Starlink satellite fleet what is a bitcoin wallet was launched into orbit. In 2024, the company is projected to generate $6.6 billion in revenue and is on pace for its first profitable year. This won’t be known until very close to the initial public offering, when the underwriters and investment banks will agree on a price.