Those companies alone drove Musk’s net worth to over $300 billion. If we assume the average customer pays Starlink $100 per month, its 3 million customers are currently generating $300 million per month in revenue, or $3.6 billion per year. Investors can place bids and negotiate with sellers or accept their asking prices. While Starlink IPO rumors 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.
Starlink is backed by SpaceX, a company founded by billionaire Elon Musk. Neither SpaceX nor Starlink are publicly traded, although there are still ways to invest. When it does go public, you’ll need a brokerage account to buy shares. Bank of America (BAC) invested $250 million at a valuation of ~$30 billion in November 2018. At today’s valuation, this investment is likely worth around $1.15 billion. This was a $900 million investment at a valuation of $12 billion.
By the way, OneWeb also went through serious financial troubles itself, filing for bankruptcy back in March 2020. The bankruptcy and subsequent reorganization severely delayed additional launches, thus negatively affecting its bottom line. At least a few years before Starlink revenue is reasonably predictable. Will do aws certification aws solutions architect training course my best to give long-term Tesla shareholders preference.
Who is Starlink’s competition?
Always do your own research and consult with a financial advisor before making any investment decisions. SpaceX (the parent company of Starlink) was valued at $137 billion in early 2023. Elon Musk said he wanted to make sure Starlink’s revenue stream was “reasonably predictable” before considering taking it public. Well, with annual revenues reportedly hitting $2 billion for 2022 and 2023 looking to be even bigger, it seems we may have reached that point.
What’s the market saying about the Starlink IPO?
- Although Google provides investors with an indirect avenue to invest in Starlink, it’s certainly one that hasn’t disappointed its investors.
- Fast forward to today, and SpaceX is launching rockets, ferrying astronauts to the International Space Station, and even working to get humans back on the moon.
- He said in 2021 that the company was spending $1,000 to produce Starlink terminals, which it sells for $500.
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To expand their coverage even further, Starlink recently launched additional satellites with a specific focus on providing internet access to the polar regions. In just two years, they plan to have these regions covered, bringing connectivity to some of the most remote places on Earth. Finally, you can’t ignore that Starlink is a SpaceX subsidiary.
Starlink is still a private company and not yet publicly traded, so we can’t yet value it based on its market cap on a stock exchange. Currently, the best information we have is based on projections and estimates. We do know that SpaceX has secured some funding specific to broadband access, such as $885 million in broadband subsidies from the Federal Communications Commission. Some public companies, like Alphabet (Google’s parent company), have invested in SpaceX. Buying their shares gives you a slice of the SpaceX pie, albeit a tiny one. The pro here is that you can trade these shares freely on the stock market.
Notable investors in Starlink
However, there are other practical reasons why a high-growth tech company like SpaceX would restrict access to institutional investors. Therefore, as a private company, neither the shares of Starlink nor SpaceX are available to retail investors. Simply put, the idea of having satellites beaming down internet signals forex trading diploma ~ london institute of business and management is a novelty and makes people excited.
After PayPal, Musk decided to shoot for the stars (literally). how to buy alt coins He founded SpaceX in 2002, putting $100 million of his own money into the venture. Fast forward to today, and SpaceX is launching rockets, ferrying astronauts to the International Space Station, and even working to get humans back on the moon. Japan has become the pioneer country in Asia to be granted access to Starlink’s services. It won’t be long before more countries in the region follow suit.
We may earn an affiliate commission if you buy a product or service through a link on this page, at no additional cost to you. Sure, they’ve faced some financial challenges along the way, but that hasn’t stopped them. They’ve soldiered on, keeping their satellite network up and running, even if it meant operating at a loss. They’ve been lending a helping hand to Ukraine during their conflicts with Russia, providing much-needed connectivity in the midst of armed conflict.
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