How to Buy Starlink Stock Before Its IPO

In 2019, the first Starlink satellite fleet was launched into orbit.

Today, Starlink's network is made up of over 10,000 satellites that deliver high-speed, broadband internet to more than 10 million people all over the world.

The company's financial results have been trending at a similarly impressive rate. Annual revenue hit $11.4 billion in 2025, up 53% from 2024's record revenue of $7.7 billion.

The man behind it all — Elon Musk.

While Musk once said he'd spin off Starlink from SpaceX and take it public once the business stabilized, that's no longer the plan.

Instead, Musk is taking SpaceX public, keeping Starlink as a subsidiary. The IPO could be coming as soon as June 12, and is expected to raise $80 billion and value the company between $1.75 trillion and $2 trillion.

Starlink will likely* remain a subsidiary of SpaceX for the foreseeable future, so the only way to invest in it is by buying SpaceX.

*Seeing as how Starlink contributed over 75% of SpaceX's 2025 revenue, spinning it off would make SpaceX a much smaller — and much less valuable — company.

If the current timeline holds, SpaceX is less than a month away from its IPO.

But if you don't want to wait for it to become publicly traded, there are ways to invest in it now.

Can you buy Starlink stock?

Starlink is a wholly-owned subsidiary of SpaceX, which is a private company. There is no SpaceX or Starlink stock symbol, and you can't buy it in your brokerage account.

It's impossible for retail investors to buy Starlink stock before its IPO, but there are ways for both accredited investors and retail investors to invest in Starlink via an investment in SpaceX its parent company.

Here's how.

How to buy Starlink stock in 2026

If you're an accredited investor (individuals with an annual income of more than $200,000 or $300,000 for married couples, or a net worth exceeding $1,000,000 excluding your primary residence), check out the first section below.

If you're a retail investor, skip down to the 2nd section.

1. How to buy Starlink stock as an accredited investor

Starlink is a subsidiary of SpaceX, so you will need to invest in SpaceX to get exposure to Starlink.

Accredited investors can invest in SpaceX directly through Hiive, an investment platform for private, pre-IPO companies.

As of the time of this writing, SpaceX is one of the most active securities on Hiive. There are 58 unique listings of its stock:

Hiive allows you to buy shares directly from sellers, which may include company employees, founders, venture capital funds, hedge funds, or angel investors.

Investors can place bids and negotiate with sellers or accept their asking prices. Additionally, there are no fees for investors.

Check out the listings of SpaceX available on Hiive, including asking prices and shares available:

Register for Hiive

Forge is another pre-IPO marketplace where accredited investors can find SpaceX shares. Because secondary pricing and availability vary by platform, it can be worth comparing listings on both Forge and Hiive to make sure you're getting the best price.

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2. How to invest in Starlink as a retail investor

While there's no way to invest directly in Starlink or SpaceX right now, there are a few options for gaining indirect exposure to it.

a) Invest in the ARK Venture Fund

At 13.76%, SpaceX is currently the largest holding in Cathie Wood's ARK Venture Fund.

The fund invests in what they believe are the most innovative companies in the world. Along with SpaceX, its top 10 holdings include OpenAI, Replit, Figure AI, and Anthropic.

While the ARK Venture Fund can invest in both public and private companies, 14 of its top 15 holdings are private companies. If you're interested in private tech investing, the ARK Venture Fund is one of the best ways to access the market.

The fund is available to both retail and accredited investors; however, due to certain regulations, retail investors have to invest in the fund via SoFi. Accredited investors can invest via the ARK website.

While the ARK Venture Fund is the best way for retail investors to gain exposure to Starlink/SpaceX, there are two other ways to gain indirect exposure to the company.

b) Invest in Starlink's investors

Two public companies have participated in SpaceX's previous funding rounds and own stakes in SpaceX and Starlink: Alphabet (Google) and Bank of America.

Alphabet (GOOGL) first invested in SpaceX in January 2015, committing $900 million at a $12 billion valuation. It invested a second time in December 2021, at a valuation of $100 billion.

At a $2 trillion valuation, these investments would be worth about $140 billion, roughly 7% of SpaceX/Starlink.

While this is a sizable stake, Alphabet is a $4.7 trillion company, so its $28 billion stake in SpaceX represents ~3% of its total business.

So if you don't like the other 97% of the business, I wouldn't recommend buying shares for Starlink exposure alone.

Bank of America (BAC) invested $250 million at a valuation of ~$30 billion in November 2018. At a $2 trillion valuation, that investment would be worth around $16.5 billion.

Again, this stake in SpaceX represents just 4.5% of Bank of America's total market capitalization, so I wouldn't recommend buying shares solely for its investment in Starlink.

If you like Google and/or Bank of America and want to invest in their stock anyway, getting exposure to Starlink could be viewed as an added bonus.

c) Invest in Starlink's partners and competitors

SpaceX, like all Musk-run companies, develops the vast majority of its parts internally.

There are, however, a handful of companies with whom SpaceX does business that may directly benefit from any future success the company has:

• Tesla (TSLA)
• Velo3D (VLD)
• Redwire Corporation (RDW)

That said, I'm not sure which of these companies (if any) are supplying parts for Starlink, specifically.

The most direct Starlink partnership came in 2021 when Shift4 Payments (FOUR) announced a 5-year partnership with Starlink to process its customer payments.

You could also consider investing in Starlink's publicly traded competitors. 

While Starlink is the world's first and largest satellite-based broadband provider, there are several other players in the space. Here are a few of the biggest ones:

1. Amazon Leo: This Amazon (AMZN) project — formerly known as Project Kuiper — aims to compete directly with Starlink. It completed 11 missions and launched over 300 satellites in 2025, its first year of launch operations. The project was first announced in 2019 and plans to launch a total of 3,236 satellites.

2. HughesNet: This satellite internet provider is owned by EchoStar (SATS). However, due to inferior technology, its subscriber base has shrunk 57% to 681,000 since Starlink began operations in December 2020.

3. Telesat: Telesat (TSAT) provides satellite internet services to corporate, telecom, and government customers and generates around $278 million per year. It will also likely have a hard time competing with Starlink.

Beyond Starlink and Amazon Leo, OneWeb (a private company) is the only other real player in the LEO (low-earth orbit) satellite industry.

d) Wait for the SpaceX IPO

With SpaceX expected to IPO as early as June 12, perhaps the best option for retail investors is to wait for its public debut.

When it goes public, anyone will be able to buy shares in their regular brokerage account.

If you don't have a brokerage account, we recommend Public. On Public, you can invest in stocks, ETFs, Treasuries, and cryptocurrencies, all on one of the most well-designed investing platforms.

Does SpaceX own Starlink?

Yes, SpaceX currently owns and operates Starlink.

In September 2020, Elon Musk tweeted that he planned to spin Starlink out of SpaceX and take it public once its revenue growth was smooth and predictable. But Starlink is well past that milestone.

Starlink was projecting $11.8 billion in 2025 revenue, up 53% from last year and more than eightfold since 2022. Analysts also estimate it generated roughly $3.8 billion in EBITDA in 2024.

Given those numbers, it's clear Starlink could stand on its own. But its outsized role in SpaceX's business may be what's keeping it in-house.

Of the $15.5 billion in revenue SpaceX expected to generate in 2025, more than 75% was going to come from Starlink. Spinning it out would strip SpaceX of its biggest source of revenue and arguably most valuable asset.

Unless SpaceX (which now includes xAI as well) becomes a very large business on its own, I don't expect Musk will spin off Starlink into a standalone company.

SpaceX valuation chart

Starlink is a subsidiary of SpaceX and, according to Musk, was responsible for up to half of SpaceX's valuation as of June 2023.

Assuming that was still true when SpaceX acquired xAI in February 2026, Starlink would have been worth around $500 billion (half of the $1 trillion SpaceX valued itself at in the transaction).

Following the acquisition, the combined SpaceX-Starlink-xAI conglomerate was worth $1.25 trillion. Here's how SpaceX's valuation has changed over time:

Musk is targeting a valuation between $1.75 trillion and $2 trillion in the SpaceX IPO.