Musk hints at IPO for his companies? Bloomberg teaches you how to buy SpaceX

Tesla CEO Elon Musk tweeted yesterday, stating that if any of his companies were to go public, he would prioritize long-term shareholders of his other companies, including Tesla! He emphasized the importance of loyalty. Is this hinting at an upcoming IPO?

Musk's SpaceX Valuation Keeps Rising

SpaceX, founded by Musk, is a space exploration technology company. In less than two decades, this billionaire entrepreneur's side project has evolved from a novel idea - reusable rockets - into the highest-valued startup in the United States. This $200 billion behemoth launches satellites, operates the Starlink satellite network service, and sees itself as a key contractor for NASA, transporting astronauts to the International Space Station.

Although Musk firmly denied reports last year about his rocket company SpaceX conducting an initial public offering (IPO) for Starlink in 2024, with Starlink starting to turn a profit, IPO rumors are rife once again. What is Musk hinting at with his recent posts?

Bloomberg: A Guide to Buying SpaceX

Bloomberg published an article on how to buy SpaceX, noting that although SpaceX is privately held, investing is not impossible! Here are some suggestions:

Work at SpaceX

The simplest way to invest is to land a job at SpaceX, with the opportunity to earn 2 shares as an extra perk for rocket scientists.

Become an Accredited U.S. Investor

The U.S. regulatory agencies define this as investors with a yearly income exceeding $200,000 for individuals, $300,000 for married couples, or a net worth of $1 million excluding the value of their primary residence.

Choose Funds Holding SpaceX

Opt for diversified funds holding SpaceX, such as

• Baron Focused Growth Fund BFGFX: SpaceX accounted for 9.3% of its portfolio as of the end of May.
• Destiny Tech100 DXYZ: A closed-end fund focusing on pre-IPO companies. SpaceX and Sam Altman's OpenAI make up nearly two-fifths of its holdings. However, its trading price carries a significant premium relative to its underlying assets.

Invest in Listed Suppliers of SpaceX

Another unconventional method is to buy stocks of publicly traded companies in SpaceX's supply chain, such as turbine pump manufacturer Graham Corp. and rocket landing gear maker Hunting Plc, which are among the mid-sized enterprises poised to benefit from its growth.

Invest in Space-related ETFs

Alternatively, bypass SpaceX and opt to invest in ETFs of space-related listed companies. ARK, Invesco, and iShares all offer space-themed ETFs, adding a touch of space to investors' portfolios.

Furthermore, Bloomberg also suggests that if all else fails, one can try purchasing SpaceX merchandise, like a $30 shirt.

This article is not investment advice, please DYOR.