4 Ways to Invest in SpaceX Stock in 2024

SpaceX is a company unlike any other.

Among other things, it:

1. Delivers satellites into orbit
2. Shuttles astronauts to the International Space Station
3. Has taken individuals for rides into space
4. Serves high-speed satellite internet via Starlink

But that's nothing compared to its ultimate objective: Transport people to, and eventually colonize, Mars.

SpaceX is not a public company, and its mission to colonize Mars will likely prevent it from becoming a public company until it's consistently making these trips successfully. If it were to go public before then, investors would have the power to force the company to give up on this goal in pursuit of more profitable, but less ambitious, ventures.

SpaceX CEO Elon Musk knows this, and will keep the company private as long as he can. This way, he can make the strategic decisions without needing to answer to shareholders.

Unfortunately, that means retail investors aren't able to buy shares of its stock. However, there are a few ways to get investment exposure.

Here are 4 ways to buy SpaceX stock today, despite it still being a private company.

1. Buy shares directly (from existing shareholders)

You can invest in shares of SpaceX through Hiive, an investment platform where accredited investors can buy shares of private, pre-IPO companies.

As of the time of this writing, there are 67 unique listings for SpaceX on Hiive:

Each of these 67 listings was created by a unique seller who may be a current or former employee, a venture capital fund, or an angel investor. Each seller sets their own asking price and quantity of shares available.

Buyers can accept a seller's asking price as listed or place bids and negotiate directly with sellers. Buyers can also add companies to their watchlist and receive notifications of any new listings or transactions.

You can see the current price of SpaceX shares by creating a free account with the button below:

Register for Hiive

Unfortunately, Hiive is only available for accredited investors - retail investors can't directly invest in SpaceX. However, there are other ways to gain exposure.

2. Invest in the ARK Venture Fund

Cathie Wood's ARK Venture Fund invests in the "most innovative companies" in the world. At the time of this writing, with a weighting of 11.32%, SpaceX is the fund's largest holding.

The fund invests in both public and privately-held companies. That said, its top 15 holdings are all private companies. Behind SpaceX, its next largest positions are Epic Games, Freenome, Relation Therapeutics, Blockdaemon, Anthropic, Discord, Zipline, Figure AI, and Tenstorrent Holdings.

The fund is available to both accredited investors and retail investors. However, because of certain regulations, accredited investors can invest via the Ark website, but retail investors have to open an account with SoFi to invest in the fund.

If you do decide to invest in this fund, be sure you like the rest of the companies that make up the fund, too.

You may also be interested in Ark's Space Exploration ETF, ARKX.

3. Invest indirectly in public companies

Another option is to buy shares of a public company that has invested in SpaceX.

So far, only 2 public companies have invested in one of its funding rounds: Alphabet (the parent company of Google) and Bank of America.

Alphabet's (GOOG, GOOGL) first investment was in January 2015, when it invested $900 million at a valuation of $12 billion. It also invested in another funding round in December 2021, giving it a total stake of about 6.99%.

Given SpaceX's current valuation, Alphabet's investments are probably worth ~$12.6 billion.

Bank of America (BAC) invested $250 million in its November 2018 round at a valuation of ~$30 billion. This stake is likely worth about $1.5 billion.

You can buy shares of Alphabet or Bank of America in your brokerage account. If you don't have a brokerage account, I recommend checking out Public.

The downside to investing indirectly is each of these companies' stakes in SpaceX represents a tiny fraction of their businesses.

Alphabet is a $1.84 trillion company, so its $12.5 billion stake in SpaceX is only about 0.7% of its total business. Bank of America's market capitalization is $302 billion, so its $1.5 billion stake in SpaceX is just 0.5% of its total business.

Still, if you like either of these 2 companies and want to own them anyways, getting exposure to SpaceX is a nice bonus.

4. Invest in competitors and partners

If none of the above 3 methods interest you (or if you can't stomach SpaceX's nearly 20x PS ratio), you may be interested in investing in its competitors. Here are a few options:

• Boeing (BA)
• Raytheon (RTX)
• Lockheed Martin (LMT)
• HEICO Corporation (HEI)
• Astra Space (ASTR)

While SpaceX develops the vast majority of its parts internally, there are also a handful of companies which SpaceX does business with which will directly benefit from any future success the company has:

• Velo3D (VLD)
• Tesla (TSLA)
• Garmin (GRMN)
• Iridium Communications (IRDM)

You can buy any of these stocks in your regular brokerage account. If you need a brokerage account, click here to open an account on Public.

How much is SpaceX worth?

SpaceX has had 30 funding rounds and has raised $9.8 billion thus far, making it the most well-funded private company in the aerospace industry.

SpaceX was valued at more than $210 billion based on a secondary share sale in June 2024. This was up from the $180 billion and $150 billion valuations it received in similar transactions in December and June 2023.

Its most recent external funding round, in January 2023, raised $750 million and valued the company at $137 billion.

Here's a look at how the company's valuation has grown over time:

Regarding valuation multiples, SpaceX was projected to generate revenue of $15 billion in revenue in 2024. At a $210 billion valuation (which Starlink stock makes up about half of), the company is currently trading at 14x revenue.

For the sake of comparison, Raytheon (RTX) generated $72.4 billion in revenue last year and has a market capitalization of $158.1 billion.

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Frequently asked questions

Below are a few more questions people often ask about investing in SpaceX stock.

How to buy SpaceX stock?

SpaceX has not been made available to the public via an IPO or SPAC, but it is available on Hiive, our recommended pre-IPO investing platform. You can invest indirectly by buying shares of Alphabet or Bank of America, or by buying the Ark Innovation Fund which is expected to get cut a piece of Andreessen Horowitz’s latest stake.

How much is SpaceX stock?

SpaceX stock is not yet publicly traded and has no price per share. Its last round of funding valued the company at $137 billion.

What is the SpaceX stock symbol?

SpaceX is still a privately-held company. There is no stock symbol yet.

Who owns SpaceX?

SpaceX is partially owned by Elon Musk (its founder and CEO, who is estimated to own 42% of the company) and a host of other private equity firms, a few publicly-traded companies, and other investment firms.