If you are one of the many Elon Musk fans in the world, you are probably wondering how to buy SpaceX stock.
SpaceX is a private company, meaning it has not had an IPO (initial public offering) and shares have never been offered to the public. Nevertheless, believe it or not, it’s still possible to buy SpaceX stock, you just have to be a little resourceful.
SpaceX Valuation
After Uber Technologies and Airbnb, SpaceX is the most valuable venture capital-backed startup company in the world. According to data from Bloomberg, SpaceX recently authorized a $500 million funding round in April of 2018.
This new round of funding brought the total valuation of SpaceX to $25 billion. The rocket company is undoubtedly one of the most interesting companies in the world.
In 2018 alone, SpaceX is projected to launch over 30 separate space missions.
How to buy SpaceX Stock via Alphabet, Inc
Because SpaceX is an incredibly innovative company, Google Ventures invested $1 billion in SpaceX in exchange for 10% of the company.
This is the largest single investment in SpaceX, and it’s arguably a significant investment for Google.
Therefore, when you buy GOOG or GOOGL stock (Google stock split, but both versions are basically the same thing), you are theoretically buying 10% of SpaceX.
Pretty cool.
You’re also buying a piece of the largest search engine in the world (Google Search), the largest online video platform in the world (YouTube), and one of the largest AI startups (DeepMind in the world.
Buying the Stock
To buy Google stock, you’ll need an online brokerage account. We recommend brokers like Ally Invest, because they offer free trades for 90 days for new accounts.
This is the current promotion: Start investing at Ally Invest and get a $200 cash bonus or $500 in commission-free trades!
Although it’s somewhat indirect, this is currently the only method of buying SpaceX stock.
Given that SpaceX is focused on making city-to-city spaceship travel a reality in the next decade, investing in the company means investing in the future.
