Can You Buy Alef Aeronautics Stock in 2024?
Alef Aeronautics is developing the world's first legal flying car.
Yes, seriously.
The company has approval from the U.S. Federal Aviation Administration (FAA) to conduct test flights with the Alef Model A. The company has legal clearance to fly.
Alef is a California-based company founded in 2015 and expects the $300,000 car to start being delivered to customers before the end of 2025. And it's already taking orders.
As of March 2024, the company had received 2,850 preorders — a combined order value of more than $850 million.
Still, no IPO date has officially been set. Alef is being funded by private equity and venture capital firms.
The question is, can you invest in Alef Aeronautics before it goes public?
Can you buy Alef stock? Is Alef Aeronautics publicly traded?
Unfortunately, Alef is not yet publicly traded. There is no Alef Aeronautics stock symbol, and there's no way to buy it in your regular brokerage account.
The company won't become public until the Alef Aeronautics IPO, which has yet to be scheduled. Until then, there's no way for retail investors to buy its stock.
Given its aggressive timeline for deliveries (which management anticipates will be by the end of 2025), Alef will need to start spending a lot of money on research, development, and production. It's unclear whether the company will raise more private funding or turn to the public markets to fill its coffers. Time will tell.
Until then, there are a few ways for investors to gain exposure to private companies. While none of these are currently options for investing in Alef Aeronautics, that may change in the future — especially if it were to raise another funding round.
Here are a few places to keep your eye on.
Potential ways to buy Alef Aeronautics stock in 2024
There are a few different ways you may be able to gain exposure to Alef before the end of this year.
Which option is best for you to keep an eye on depends whether you're an accredited investor or a retail investor. Here's how to tell:
- Accredited investors are those with an annual income of more than $200,000 or a net worth exceeding $1,000,000, excluding their primary residence.
- Everyone else is a retail investor.
Now that you know if you're an accredited or retail investor, read the corresponding section below to see how you may be able to get exposure to Alef in the future.
Accredited investors
Hiive is an investment marketplace where accredited investors can buy shares of pre-IPO companies.
There are thousands of private companies with shares available on Hiive, including SpaceX, Stripe, and Epic Games.
Unfortunately, Alef Aeronautics is not available on Hiive at this time.
You can register and get a notification if any of its shares become available in the future.
Retail investor
If you're not an accredited investor, there may still be a way to get exposure to Alef before its IPO.
According to Crunchbase, Alef Aeronautics has raised money in 13 different rounds. It has received about $44.5 million — not a huge sum given it was founded back in 2015.
Its investors include Draper Associates Fund V (Tim Draper was an early investor in Tesla), Tata Capital, Redwood Venture Partners, Redwood Technology Ventures, and Select Venture Partners.
To date, there have been no public companies that have invested in Alef, meaning there's no way to gain indirect exposure by buying a publicly traded company that is a part owner of Alef.
Again, given the future capital requirements, I expect this to change in the near future. If you're a retail investor and want exposure to Alef Aeronautics before its IPO, keep an eye out for public companies participating in its funding rounds.
Additionally, there may be venture capital funds that decide to invest in Alef's funding rounds, such as the ARK Venture Fund (which owns SpaceX, Epic Games, and Zipline). The minimum investment is just $500 and all U.S.-based investors are eligible to invest.
If you decide to invest in the ARK Venture Fund, be sure you're comfortable investing in all of the companies the fund also owns and be prepared for extreme volatility.
How to buy the Alef Aeronautics IPO
The Alef Aeronautics IPO date has not yet been set.
So far, the company has relied on funding from the private markets to develop its technology. My best guess is that Alef will remain a private company until after it's selling cars and generating revenue, which happen as soon as late 2025.
After its initial public offering, you will be able to look up its stock symbol and buy it in your brokerage account.
If you don't have a brokerage account, we recommend Public. Invest in stocks, ETFs, bonds, and cryptocurrencies all from the same account.
Who owns Alef Aeronautics?
As mentioned above, Alef Aeronautics' list of investors includes Draper Associates Fund V, Tata Capital, Redwood Venture Partners, Redwood Technology Ventures, and Select Venture Partners.
Among its list of investors is Tim Draper, an early investor in Tesla and SpaceX.
While we don't know how much of the company each of these investors owns, I would guess the company's founding team still owns the vast majority, given the total funding received is just $44.5 million.
Frequently asked questions
Below are a few more questions often asked about Alef.
How to buy Alef Aeronautics stock?
Alef stock has not been made available to the public via an IPO or SPAC, and is not currently listed on Equitybee, our recommended pre-IPO investing platform.
How much is Alef Aeronautics stock?
Alef stock is not yet publicly traded and has no publicly available price per share.
What is the Alef Aeronautics stock symbol?
Alef is still a privately held company so there is no stock symbol.
Who owns Alef Aeronautics?
Alef Aeronautics is partially owned by Jim Dukhovny, Dr. Constantine Kisly, Pavel Markin, Oleg Petrov, and 7 other investors and investment firms.
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