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How to buy SpaceX shares from Australia

Elon Musk's SpaceX is not publicly available but there are rumours it could list in the near future.

Elon Musk’s side project SpaceX has been gaining a lot of traction recently, especially as outer space exploration and satellite technology is becoming of increasing interest across the globe.

Through SpaceX’s Starlink program, the company is looking to devise a large-scale mesh comprising of thousands of satellites, capable of delivering instant high-speed Internet to individuals across the globe. As per various reports, the project is touted to be worth around US$10 billion and could help Tesla rake in US$30 billion per annum, more than 10 times the annual revenue of its existing rocket business.

Not only that, since its inception, SpaceX has sent over 1,000 satellites into space, thanks to which its Starlink program has already been rolled out (for a monthly price of just US$99) in its beta form, currently providing high-speed Internet to over 10,000 users in the United States and abroad.

How do you buy SpaceX Shares?

The simple answer is you can't because SpaceX is not publicly listed on a stock exchange.

However, when asked on Twitter about the company offering its IPO in the near term, Elon Musk replied in the affirmative, stating that such an offering may be on the cards soon. “Once we can predict cash flow reasonably well, Starlink will IPO,” he added

If SpaceX goes public, you'll be able to invest in it directly by signing up to a trading platform, or alternatively you can invest indirectly through Elon Musk's other ventures, such as Tesla. Here are the steps:

  1. Choose a trading platform. If you're a beginner, our share trading platform table below can help you choose.
  2. Open your account. You'll need your ID, bank details and tax file number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for the stock code: All listed stocks have a stock code. SpaceX does not have one because it has not filed to list on a stock exchange at the time of writing, but other Musk ventures like Tesla (TSLA) are available.
  5. Research your shares. The platform may provide the latest information available or you can do your own research.
  6. Buy your SpaceX shares. It's that simple.

The whole process can take as little as 15 minutes.

Is SpaceX a good investment?

Straight off the bat, it bears mentioning that SpaceX is the first private venture that has actually been able to send humans to the International Space Station (ISS). It's also the first company to reuse a rocket capable of orbiting the earth multiple times. These feats have helped spur the company’s perceived stock value in the eyes of many, even portraying Musk as a visionary and entrepreneur with one eye set firmly on the future.

As a result, it stands to reason that the entire space exploration sector may be set to rise. For example, ASX listed firm BrainChip Holdings Ltd (ASX: BRN), an artificial intelligence (AI) centric firm that has been active in the space research domain, has seen its stock rise by nearly 15% since the start of the year.

A similar trend may also be witnessed in relation to other companies like Electro Optic Systems (ASX: EOS), which develops and produces a wide array of digital solutions for aerospace movers as well as XTEK Ltd (ASX: XTE), a provider of security, tactical and forensics solutions to various firms operating within the space exploration sector.

Looking for a low-cost online broker to buy stocks? Compare share trading platforms to start investing in stocks and ETFs.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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