How to Invest in SpaceX, Elon Musk's Company

 


Have you ever thought about investing in Elon Musk's company SpaceX? Moreover, SpaceX has grown rapidly lately and its valuation is said to have reached 100x unicorns (USD 100 billion).

So it is not surprising that many people are interested in investing there. But there's something you should know beforehand: there's no direct way to invest in SpaceX, as quoted from MyBankTracker.


Since SpaceX is not a public company, you cannot buy company stock or invest in SpaceX directly. The only way to invest in SpaceX is to invest indirectly.



That means, the choice is to invest in a business that collaborates with SpaceX or invest in a company that has an interest in SpaceX.


There are several companies that have invested in SpaceX. The most accessible is likely to be Alphabet (NASDAQ: GOOG), Google's parent company.


Note that if you buy shares in Alphabet as an indirect way to invest in SpaceX, the performance of Alphabet's services, such as Google and Youtube, will have a much higher impact on your investment than from SpaceX.







Another way is to invest in space-related technology. There are aerospace companies, such as Boeing, that do a lot of space-related manufacturing and have divisions dedicated to developing space technology.


Next, another option is to buy a mutual fund or ETF that focuses on the aerospace industry. Mutual funds allow you to buy shares in a single fund that has stakes in dozens or hundreds of companies. This makes it easier to diversify your investments. If one company has bad luck, you won't lose all the investment you put in.


But keep in mind, stocks and other investments have risks so it is necessary to understand the options where you entrust your finances to be managed. Always remember, don't be careless or stuck with an obsession to invest without good knowledge or supervision of a consultant - if needed - about it.

How to Invest in SpaceX, Elon Musk's Company How to Invest in SpaceX, Elon Musk's Company Reviewed by thecekodok on 5:52:00 AM Rating: 5
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