SpaceX IPO

mwinlow

I am a UK citizen/passport holder and reside in the UK (for tax purposes). I do not have any other nationality.

I wish to take part in SpaceX's upcoming IPO to the tune of in excess of £50k ideally using cash I already have prepared for the IPO currently held in a (UK online broker) stocks & shares ISA. I understand that as a private investor it is not possible to take part in the IPO itself nor would I be even if I were a US citizen and tax payer.

What, therefore, is my best (financially-speaking) way to get a large personally owned investment in SpaceX as early as possible (I am not at all interested in investing in any sort of fund)?

wmb194

https://forums.moneysavingexpert.com/discussion/6669322/spacex-ipo

You wait for it to list and then buy in the market.

subjecttocontract

I believe you can register your interest for a Space X IPO.....If there is one & if it's open to worldwide applications .....thru Hargreaves Lansdown. As it's an American company you will need to complete a W8BEN form first. All the details are or were on the HL web site. I might take a small punt if the IPO is available to us in the UK.....but certainly not £50K.

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/82007383#Comment_82007383

Also waiting for the launch 🙂 today 23:30 BST

Starship launch will have more eyes on it than ever with IPO

"Starship is to launch close to SpaceX's IPO which means there will be more eyes than ever on it - including prospective investors.

The prospectus did not put a dollar figure on the amount Elon Musk hopes to raise from shares, but various reports have put it at $75 billion or so.

SpaceX plans for Starship to play a central role in the future of its space-based internet business, Starlink, as well as offering services to NASA and the US military which means there’s a lot riding on its success."

poseidon1

I have holdings of Scottish Mortgage Investment trust (SMT), who have been substantial Spacex owners since 2018.

I was going to sell SMT earlier in the year, until the Spacex IPO was announced. This has helped SMT share price to rise significantly to get within reasonable touching distance of its previous 2021 all time high.

That said I will be selling SMT after the IPO.

SMT may look to cash in a little of their Spacex profits at the IPO, but given their buy and hold philosophy as private equity investors, they will no doubt retain a substantial holding ongoing forward.

If the OP is happy with indirect access to Spacex, SMT would be as good a punt as any - see article below

https://moneyweek.com/investments/investment-trusts/scottish-mortgage-confirms-spacex-valuation

However RIT Capital Partners is another option albeit with a far smaller exposure compared to its NAV.

flaneurs_lobster

Might get myself a SpaceX share, can sit alongside my freebie Nvidia share in my brand-new TechBros Fanboy portfolio.

subjecttocontract

According to the FT there is likely to be few shares available to the public. So, by the time we can buy them from the market we might not want to pay the asking price !

EthicsGradient

https://forums.moneysavingexpert.com/discussion/comment/82007711#Comment_82007711

Perhaps worth remembering that this company is not only the launch/satellite comms business, but also "X" (ie Twitter), and more importantly xAI - Musk's homegrown AI business (which produces Grok), plus, maybe, Cursor - another AI company that SpaceX may or may not be buying for about $60 billion, a bit after the IPO. That may or may not mean that xAI is good enough to compete in the AI marketplace on its own.

Which seems a remarkably vague state of affairs right at the time of an IPO. The combined company had revenue of $18.7bn, and a loss of $2.6bn. xAI lost $6.4bn on its own.

Musk's SpaceX Files For Blockbuster IPO As Starlink Profits Offset Deep Company Losses | IBTimes

And the Starship 3 launch meant to happen last night was postponed for a day.

Elon Musk's SpaceX postpones Starship launch as mega share sale looms - BBC News

Cus

https://forums.moneysavingexpert.com/discussion/comment/82007711#Comment_82007711

Current estimates on IG are nearly 2.5tn IPO value

Bostonerimus1

The current financials given in the IPO are not good ie SpaceX et al don't make a profit. If it was just Star Link the numbers would look better. So you are buying on hype and the word of Elon. And when that word includes phrases in the IPO like "the mission is to ensure that the light of human consciousness is not tied to a single planet", the company is not for me. I worry that as an index investor I'll own some of SpaceX by default. I get the feeling…feelings are the major thing with this IPO…that lots for people will lose lots of money on such a high fantasy valuation.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82008611#Comment_82008611

Pretty sure the majority of index investors with meaningful USA exposure will likely end up with a tiny piece of Spacex, whether they like or not.

I agree with you on the financials by the way.

I was particularly concerned at how Musk unilaterally folded the capital hungry xAI business into Spacex , thereby accessing new equity capital ( through the back door) which xAI as a standalone private company may have had problems attracting in its own right.

One of the reasons I will be dumping my SMT holdings post IPO.