When can I buy a SpaceX share?

SpaceX stock: is the IPO approaching?

When will Elon Musk launch SpaceX shares or even Starlink shares on the stock exchange? Investors dream of a price rocket.

Elon Musk's Starlink project is making progress despite the corona crisis. The company has placed and commissioned more than 1,015 satellites in 15 launches of the SpaceX “Falcon 9” rocket. The aim is to bring high-speed broadband Internet from space to all corners of the world. Will a SpaceX share or even a Starlink share come soon?
As it currently stands, Starlink shares will probably start before SpaceX shares! Starlink has just expanded the public beta test. More and more customers can therefore try out the Internet service via satellite. As soon as the cash flow is foreseeable, the IPO should be pending, as SpaceX CEO Elon Musk announced in February. In a series of tweets, the billionaire said, “As soon as we can predict the cash flow reasonably well, Starlink will go public.” This is how Starlink opens up to new investors.
In another tweet, Musk said SpaceX must first go through a deep chasm of negative cash flow in order to make Starlink financially viable. “Every new satellite constellation in history has gone bankrupt. We hope to be the first to not do that. ”As soon as that is clarified, SpaceX shares could also be up for an IPO.

Why should there be an IPO of Starlink shares?

The Starlink project is still focused on the USA and Canada, where beta operations began in 2020 and have now been expanded. But the British regulatory authority Ofcom has also approved beta operation on this side of the Atlantic, and beta users have already received the technical equipment for test operation. A company has now also been founded in Germany (Starlink Germany GmbH, based in Frankfurt am Main), and Deutsche Telekom is said to be interested in a cooperation. However, the capital requirement may be greater than expected. That would speak for an IPO of a special Starlink share and postpone the IPO of the SpaceX share to a later date.
Basically: 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." Although he did not implement it, the entrepreneur, born in South Africa in 1971, is no friend of Wall Street.
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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 Hyperloop transport capsule, which is supposed to transport people in a vacuum tube at speeds of 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 PayPal and the later sale of his eBay shares. The first successful launch of a rocket was achieved in 2008, which earned the company a billion-dollar contract from NASA for unmanned supply flights to the international space station ISS.
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Another major success for SpaceX at the end of May 2020: For the first time in ten years, a manned mission started from US soil. Musk's company brought two astronauts from the Cape Canaveral spaceport in Florida to the space station.

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 necessary for this. It takes 500 for the launch in the USA alone. They were transported into space with Falcon 9 rockets from the Kennedy Space Center in Florida.
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Each of the Falcon-9 missiles can launch 60 satellites into orbit. With the satellites put into orbit in October 2020, the service reached its critical size and has already initiated test operations in the USA. The service now has more than 10,000 users. Now he is expanding his offer.
Prospective Starlink customers can enter a service address on the company's website, with pre-orders for US $ 99. Some regions show pre-orders stating that SpaceX is “targeting coverage in their region for mid-to-late 2021,” while others announce pre-orders in 2022. The service will initially be offered in the United States, Canada, and the United Kingdom. Starlink's aim is to provide users with a high-performance Internet connection from space at competitive prices on earth. At least that's the plan.

Costs, options & Co .: The depot comparison

If you want to buy an ETF or shares, you need a securities account. A comparison of the most important providers can be found in the table below, further detailed information in the large depot comparison.

Portfolio comparison for stocks and ETFs: portfolio fees, costs for orders and more

Which trading venues are available?
Number of tradable stocks, ETFs, funds, savings plans, crypto assets
Stocks on weekends trade at Lang & Schwarz
What is the minimum order volume?
Web application / trading app
intuitive app (no desktop offer available)
Stocks, ETFs and derivatives are traded without order commissions; only third party costs of 1 euro
More than 4,000 stocks and ETFs can be saved permanently free of charge
LS Exchange; for ETFs: iShares
8,500 stocks and ETFs, more than 4,000 stock and ETF savings plans, 40,000 warrants, knock-out products and factor certificates
no web application available, just a trading platform for stocks
Mobile phone users who also want to invest little money
Design is reminiscent of social media platforms with social trading as a core feature
around 2,000 shares free of commission; Spread fees 0.09 percent; Conversion fees, as it is traded in US dollars; Withdrawal fee five US dollars
no custody fees; only those who do not log in for twelve months pay 10 US dollars per month
no savings plans available
There are 17 trading venues for stocks, such as the US stock exchanges Nasdaq (511 stocks) and NYSE (825), Frankfurt (119), London (367)
2,000 stocks, many ETFs, other stocks and many other products as derivatives, 16 crypto values
$ 50; Copy-Value $ 500
Social trading: investors exchange market and stock exchange information on request; 16 cryptocurrencies; Minimum deposit when opening an account 500 euros
learning from others is easy; Exercise function
somewhat confusing price structure, which is only available in detail in English; relatively few stocks; no savings plans
Trendsetters who want to try modern investment techniques
new on the market, therefore modern and fresh design
Free of charge for orders with a trading volume of at least 500 euros via Gettex and for derivatives in direct trading with four partners; 1 euro with the same conditions at Lang & Schwarz; Order volume below EUR 500 and at other German trading venues: EUR 4
Free custody account management, but negative interest (0.5 percent) on the clearing account if more than 15 percent of the investment is available as cash over the quarter
280 ETFs eligible for savings plan free of charge; 351 ETFs eligible for savings plan with 0.2 percent (at least 0.80 euros) per execution
all German regional exchanges, Xetra, Tradegate, Quotrix, Gettex, Lang & Schwarz; another 16 partners for over-the-counter trading; 23 foreign stock exchanges
all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additional shares abroad; more than 600 ETFs are also eligible for savings plans
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
Comprehensive range of securities with low order fees, some even free of charge
Fees for clearing account (0.5 percent per year) as soon as the total exceeds 15 percent of the deposit value
Bargain hunters who can do without trading via mobile phone
tidy application despite a large selection of products
commission-free; no flat rate for third-party costs
free custody account management, but negative credit interest of 0.5 percent
no savings plans available
Tradegate, LS Exchange, Quotrix; 4 over-the-counter partners
more than 500,000 securities, including 7,300 stocks from 52 countries, approx. 1,000 ETFs and ETCs as well as certificates, warrants, leverage products; also crypto values: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash
500 euro; 50 euros for cryptocurrencies
free stock trading, cheap crypto trading
Minimum order volume, only three trading venues, negative interest on clearing account, no savings plans
Price-conscious investors who don't want to put any change
The app and desktop version are understandable and seem like a single piece
in the first year 3.90 euros per order on all German stock exchanges; then 4.90 euros plus 0.25 percent on the order volume (min. 9.90, max. 59.90 euros); plus trading venue fee (min. 1.50 or 2.50 euros) and third-party fees
free deposit for three years; then linked to activities; otherwise 1.95 euros per month
For ETF, share and certificate savings plans, there is no issue surcharge, but a commission of 1.5 percent of the order volume per security and execution
all German trading venues; 16 partners for OTC trading; 12 foreign exchanges
14,500 stocks, 1,500 ETFs, 32,500 funds, 629,000 warrants, 1,085,000 certificates and 62,500 bonds
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
free trading software (Pro-Trader); API interface for external software
many trading venues with a large product portfolio and extras
high order fees from the second year
Comfort-oriented investors who appreciate many options
simple and clear
no order fees in the first six months at Tradegate, L&S, Baader Bank, thereafter 5.90 euros per order plus trading venue fee (for the above 2 euros) and third-party fees; Minimum total costs on German stock exchanges between 7.90 and 11.32 euros per order
Custody fee of 0.1 percent on the market value of the securities in custody; negative credit interest of 0.5 percent
250 selected ETF savings plans free of charge; further savings plans per execution 1.50 euros
all German regional exchanges, Xetra, Tradegate, Gettex, L&S Exchange; another 16 partners for over-the-counter trading; 11 foreign trading venues
8,500 stocks and ETSs, more than 1,000 ETF savings plans, 5,000 funds (including ETFs); also derivatives and CFDs
Favorable conditions (0 to 3.90 euros per trade) for certificates and warrants from seven partners; many training videos
makes securities trading easy and understandable for beginners
Deposit fees, negative interest on clearing account
Fans of warrants and beginners who start trading cheaply
Easy to understand desktop application; App a little confusing because it is not a pure trading app
Stock orders EUR 3.95 in the first year when trading via Tradegate; otherwise at least 9.95 euros per trade, max. 69 euros; many funds and ETFs with no fees
270 ETF savings plans for free; all other ETF savings plans: 1.5 percent per savings plan execution; for equity funds: 1.5 percent plus mostly issuing fee
all German regional exchanges, Xetra, Tradegate; more than 20 foreign exchanges, more than 20 partners for over-the-counter trading
20,000 stocks and 7,000 funds (including ETFs); in addition, numerous bonds, currencies and commodities
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
free trading software (ActiveTrader); API interface for external software
many trading venues with a huge product portfolio and extras
high order fees from the second year
Comfort-oriented investors who appreciate many options
Understandable texts, airy design
4.90 euros plus 0.25 percent of the market value, a maximum of 69.90 euros
all ETF savings plans for 0 euros; many share and fund savings plans from 1 euro, otherwise usually 1.75 percent of the market value
all German regional exchanges, Xetra and Tradegate; Stocks can also be traded in the US and Canada; Certificates & Co. also over the counter with 12 partners
all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additional shares abroad (USA, Canada); Number of savings plans: 720 ETFs, 640 funds, 480 stocks, five commodity certificates
inexpensive savings plans, all ETF variants free of charge
Trading on stock exchanges outside of Germany is limited to a few trading venues
Savings plan lovers and shareholders without exotic country preferences
somewhat dusty design, the owner Commerzbank looks much fresher
5 euros for all securities on German trading venues plus 2 euros trading venue fee (plus costs for Xetra and regional exchanges); for US trading venues 10 euros plus 5 euros trading venue fee
negative credit interest of 0.5 percent for more than 250,000 euros on the clearing account
all available savings plans (around 200) for an execution fee of 1 euro; 50 to 500 euros savings rate
all German regional exchanges, Xetra, Tradegate, Quotrix, Lang & Schwarz; another 14 off-exchange partners US stock exchanges NYSE, Nasdaq, AMEX
all stocks, funds, ETFs, certificates, leverage products, bonds that are listed on German stock exchanges; additionally all securities of the three major US stock exchanges
simple price overview, comprehensive range of securities
no trading via app
Onvista fans who have cherished the website for a long time
is more aimed at professionals and offers many analysis tools
Usually 0.1 percent on the order volume with a minimum (examples: Tradegate 2 euros; Frankfurt: 5 plus at least 2.52 euros), shares on US stock exchanges cost 1 cent per share (at least 2 US dollars, maximum 1 percent of the trading volume )
only in the case of inactivity for more than a month and a deposit value below EUR 1,000: EUR 1 per month
Savings plans only through partner ebase (registration required)
Xetra, Frankfurt, Stuttgart, Tradegate and around 130 foreign stock exchanges; over-the-counter trading on the US stock market
More than 1.2 million tradable securities, stocks, ETFs, futures, options, warrants and many more exchange-traded securities and derivatives
expandable with external software; Minimum deposit when opening an account 2,000 euros; only one payment / month free of charge (otherwise 1 or 8 euros), no automated tax transfer
extensive security selection; various tools and order options for professionals
Real-time prices are chargeable, no separate savings plan offer, over-the-counter trading is very limited
Ambitious investors and professionals
also manageable for beginners
Gettex: EUR 0.99 per order or flat rate from EUR 2.99 per month with an unlimited number of securities purchases and sales as well as ETF savings plan executions; 3.99 euros per order for Xetra trading
if you opt for the flat rate fee of 2.99 euros per month, you will receive all savings plans free of charge; otherwise only one savings plan is free, each additional one costs 99 cents
4,000 stocks, 1,300 ETFs and ETF savings plans, 2,000 managed funds
Gettex only: 250 euros; Savings plans from 25 euros per month
low costs, attractive price model for active traders (only Gettex)
Minimum order volume at Gettex, only two trading venues, no derivatives
Cost-conscious high-volume traders who limit themselves to traditional investments
renounces design finesse, the focus is on the information
4.99 euros plus 0.25 percent of the order value (min. 8.99 euros to max. 54.99 euros); plus EUR 0.99 trading platform fee in Germany; Discount depending on the number of annual transactions from ten percent for 100 transactions to 80 percent for 5,000 transactions
Free custody account management for at least one transaction per quarter or assets of at least 10,000 euros, otherwise 11.97 euros per quarter
Many Deka ETF savings plans and 16 UBS ETF savings plans free of charge, all others and share savings plans: order fee of 2.5 percent per savings plan rate
all German regional exchanges, Xetra, Quotrix, Tradegate, Lang & Schwarz, L&S Exchange; another 17 over-the-counter partners; 29 foreign stock exchanges
9,000 stocks, 12,000 funds, 2,000 ETFs, 20,000 bonds, 1.3 million leverage products, plus stock savings plans, ETFs eligible for savings plans, funds and certificates
Saturday 10 a.m. to 1 p.m., Sunday 5 p.m. to 7 p.m.
Discount model for order fees
Trading on numerous stock exchanges
relatively high order fees, expensive savings plans
Sparkasse customers and users who appreciate many options
10 euros per domestic order up to 10,000 euros, above 25 euros; for foreign execution venues, the cost per order is EUR 20 or EUR 35; Third-party fees are added to orders that are not processed via the Tradegate trading center
1.50 euros per savings plan execution, less or free of charge for special offers for a certain period of time
all German regional exchanges, Xetra, Quotrix, Tradegate; another 12 partners for OTC trading; 31 foreign stock exchanges
more than 1.5 million tradable securities including 22,000 funds and 2,000 securities savings plans, including 115 ETF savings plans
Trading on numerous stock exchanges, simple fee structure
DKB customers and users who appreciate many options

How much will a SpaceX share cost?

Gwynne Shotwell, President of SpaceX, had long ago fired 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 the potential of Starlink on US television: It has annual sales of 30 billion US dollars, which is ten times more than the maximum expectation for SpaceX's rocket business. However, it is still far too early for price speculations about a Spacelink share or a SpaceX share. The information so far is simply too vague.
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So back to the facts: Around 12,000 Starlink satellites are said to be necessary for worldwide high-speed internet from space. According to the company, the capital required for this is around ten billion US dollars. Since SpaceX currently shoots 60 satellites into space per rocket launch, the company would not have the required 12,000 Starlink satellites in orbit until 2027. The company is therefore also placing hope in the planned Starship rocket. In future, this could bring 400 satellites into space per launch.

How a Starlink Satellite Works

Each Starlink satellite weighs a little over 200 kilograms. It receives data from ground stations and forwards them using lasers. The satellites fly in relatively low orbits, which ensures short delay times. The responsible US authority FCC (Federal Communications Commission) already has approval for 12,000 satellites. SpaceX is even planning up to 42,000 satellites. The more satellites, the higher the bandwidth.
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So it looks like Elon Musk has to bite the unloved apple and bring part of SpaceX to the stock exchange. Quick money could also be important to him because Starlink has competition. Amazon founder Jeff Bezos is also working on a satellite network called OneWeb. Whoever is the first to start should have a decisive competitive advantage.
In the course of 2020, Elon Musk's attitude had not changed. Now, however, he seems to be giving in. The financial requirements for the Starlink network are enormous, perhaps greater than previously thought. In 2020, investment bank Morgan Stanley assumed that SpaceX would have to spend around $ 50 billion by 2032. Only then can profits be expected. Perhaps these forecasts made Elon Musk think again about an IPO for Starlink shares.
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