TECH - Can't Buy Into SpaceX? Here's How to Get A Piece Of The Rocket Launch Action | Benzinga
One of the hottest investment topics of 2024 is likely to be whether Elon Musk‘s SpaceX will spin off its Starlink satellite launch services business — an initial public offering (IPO) that would likely garner massive support.
So far, Musk has kept SpaceX and its subsidiary in private hands, saying the company must meet certain financial targets before he’ll consider taking it public. However, many analysts believe such sales and profitability conditions have already been met.
Reports last month that a Starlink spin-off was already under discussion caused a stir, but Musk simply responded on X with a post saying these rumors were “false.”
Existing Listed Stocks Offer Market Exposure
But investors don’t have to wait for a Starlink IPO to gain exposure to this lucrative market. Stocks and exchange traded funds already exist that are competing with Musk’s company in the launch services sector.
Shares in aerospace group Boeing (NYSE:BA) are up 38% this year, while rival Lockheed Martin (NYSE: