Elon Musk is actually not a fan of the stock market. But to finance the Starlink satellite project of his space company SpaceX, he could make an exception. Will Starlink stock come before SpaceX stock? A look at the stars.
When will Elon Musk’s space company go public? Will SpaceX shares – or an offshoot of it – find themselves on the stock exchange in the near future?
When will Elon Musk launch SpaceX shares? Investors dream of a price rocket.
Elon Musk doesn’t like to think small. Its category is great visions. That’s why he sometimes struggles with the listing of his electric car manufacturer Tesla. “As a publicly-traded company, we are exposed to wild swings in our share price, which can be a major distraction for all Tesla employees, who are all shareholders,” he wrote on his blog in August 2018. “As a publicly-traded company, we are also subject to quarterly reporting, which puts Tesla under enormous pressure to make decisions that may be right for a particular quarter but are not necessarily right in the long term.” His plan to take Tesla off the stock market, he did not implement it after all, but the entrepreneur, born in South Africa in 1971, is no friend of Wall Street.
So why should he put a SpaceX share or a Starlink share on the stock exchange? It’s simple: each of Musk’s visions costs money, a lot of money. For example, his transport capsule Hyperloop, which is supposed to transport people in a vacuum tube at up to 1,220 kilometers per hour. This would allow travelers to get from Berlin to Munich in around half an hour. Or the promise that in the near future everyone will be able to supply themselves with solar power independently. It doesn’t get any smaller at Musk. Higher already.
SpaceX success story
In 2002 Musk founded the space company SpaceX (Space Exploration Technologies Corporation) in Los Angeles with 100 million US dollars, which he had earned by building up PayPal and later selling his eBay shares. The first successful launch of a rocket succeeded in 2008, which earned him a billion-dollar contract from NASA for unmanned supply flights to the international space station ISS. Another significant success for SpaceX at the end of May 2020: For the first time in ten years, a manned mission took off from US soil. Musk’s company brought two astronauts to the space station from the Cape Canaveral Spaceport in Florida.
What is Starlink?
But stockbrokers are primarily interested in a specific project within SpaceX called Starlink. The aim of Starlink is to supply almost the whole world with internet from space via satellites – and thus to bring high-speed internet to areas that were previously under-supplied or not supplied at all. Many satellites are required for this. It takes 500 for an Internet launch in the USA alone. They are transported into space with Falcon 9 rockets from the Kennedy Space Center in Florida. Each of the Falcon-9 missiles can put 60 satellites into orbit. In the summer of 2020, there should already be 500 satellites in orbit. Then operations will start in the north of the USA and Canada and provide users with a powerful connection from space at competitive prices on earth.
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How much will a SpaceX share cost?
Gwynne Shotwell, President of SpaceX, has caught the imagination of investors: Starlink is a special element of SpaceX’s business that is likely to be spun off and listed on the stock exchange. “Starlink is currently private, but Starlink is the right kind of company to make public,” Shotwell said at an investor meeting. Meanwhile, Elon Musk had praised Starlink’s potential on US television. It is at an annual turnover of 30 billion US dollars, which is ten times more than the maximum expectation for the SpaceX rocket business. However, it is still far too early for price speculations about a Spacelink share or a SpaceX share.