Elon Musk-owned SpaceX is set to go public at some point in 2023. It’s the first privately owned company to have a $100 million valuation. SpaceX, founded in 2002 is a space transportation manufacturer and has built the first rockets ever to be used to travel to outer space more than once.
How to Invest in SpaceX?
As a retail investor, you’re not able to invest in SpaceX until it becomes a publicly traded company. But one way you can is investing in companies who do own it. There are two publicly-traded companies who own shares of SpaceX. Bank of America and Google.
Bank of America(BAC)
In 2018 Bank of America invested $250 million in SpaceX at a valuation of right around $30 billion. According to walstreetzen they have a $1 billion investment
Google invested $900 million in SpaceX in 2015. They have an estimated stake of more than $10 billion according to wall streetzen.
There are different ways to go about this. You can own a little of both or pick one of the two companies you like the most. Google and BofA are massive companies so the SpaceX investment is just a small piece of their pie. And a lot of times when companies IPO their initial investors dump the stock and take profits.