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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.
We currently don't have that product, but here are others to consider:
How we picked theseWe've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.
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 invest in SpaceX CFDs right now, before the IPO.
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 the leading private space company in the world.
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).
Webull is a broker with zero-commission trading and a suite of tools to help you invest.
If you're thinking of trading stocks with Tiger Brokers, check out our review of this online broker's fees, safety and pros and cons first.
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