ASX trading
Trade ASX, US and Hong Kong stocks
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Richard WhittenUpdated
ASX trading
Trade ASX, US and Hong Kong stocks
Copy trading
Beginners
SpaceX is listed on the US-based NASDAQ exchange, so you can't buy shares on the ASX. You need a broker or trading platform with access to US markets.
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Instead of buying SpaceX shares directly, you can invest in an exchange-traded fund (ETF) that tracks NASDAQ stocks. This gives you access to SpaceX (and other shares) without buying the shares directly.
This approach also lets you trade on the ASX if you want, because there are NASDAQ ETFs on the ASX.
You could invest in the BetaShares NASDAQ 100 ETF, which tracks the top 100 NASDAQ companies.
If you want to invest in SpaceX indirectly, CFDs are a flexible but risky option. With a CFD you don't own the stock. Instead you take a leveraged, short-term position on the price of an asset.
You can essentially take a bet on the future price of SpaceX without buying the shares. And you can do it while only putting a small amount of money down.
CFDs let you go long (invest hoping the price goes up) or short (you expect the price to fall). You can trade SpaceX CFDs as an alternative to owning the shares.
Trading CFDs is risky (it's banned for US retail investors), because even small price swings can suddenly wipe out an unprepared trader.
The question of whether SpaceX is a "good" investment or not is impossible to answer. You need to make your own decision, equipped with as many facts as possible.
SpaceX is an Elon Musk venture. While the man is very controversial, and increasingly unpopular with a large section of the public, he is the richest man in the world. If you'd invested in Tesla 10 years ago, and so on and so on.
For a lot of investors, SpaceX shares represent another big opportunity to ride Musk's success. The company has made genuine strides in terms of its rocket tech and satellites.
It has billions in revenue and is one of the world's leading space companies.
Elon Musk retains full control of the company, with no real shareholder oversight. He's an increasingly erratic, conspiracy-driven man. He frequently makes big promises about future technology with firm deadlines that never come to pass.
Also, an investment in SpaceX is not really an investment in rocket technology or even satellites. Based on the company's IPO paperwork, SpaceX sees itself as an AI company that plans to create "orbital AI" aka data centres in space that use solar power more efficiently than Earth-based technology.
Crucially, such technology is only theoretically possible at this point. SpaceX needs to invent it, and it needs to be cost-efficient and better than other options. And even then, you'd need to approach SpaceX as an AI investment rather than a space industry investment (although it's a bit of both).
Elon Musk holds approximately 42% of SpaceX's equity through a dual-class share structure that grants him roughly 78–79% of voting power. Antonio Gracias of Valor Equity Partners holds about 7.3% of total shares. Other notable institutional holders include Alphabet (Google) and Fidelity Investments.
SpaceX's fiscal year ends December 31.
SpaceX is headquartered in Starbase, Texas, and also operates major facilities in Hawthorne, California, Cape Canaveral, Florida, and at Vandenberg Space Force Base in California.
SpaceX's ISIN is US84615Q1031.
SpaceX's CUSIP number is 84615Q 103.
Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio
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