How Big Will Starlink Become in 2024? The Motley Fool

Those who sign up are required to make a $500 deposit and pay $2,500 for the antenna and router. Starlink says Premium delivers speeds of between 150 megabits per second and 500 megabits per second. People also just want to invest in Starlink because it’s different. Although traditional internet companies provide internet through a series of cables and towers on the ground, Starlink uses satellites hundreds of miles above the earth. SpaceX’s Starlink satellites form this constellation; the company uses satellites in low Earth orbit to enable online gaming, video calls, streaming, and other aspects of internet connectivity. As a division of SpaceX, the company’s founder is Elon Musk.

If you like Google and/or Bank of America and want to invest in their stock anyway, simultaneously getting exposure to Starlink is a nice bonus. Bank of America (BAC) invested $250 million at a valuation of ~$30 billion in November 2018. At today’s valuation, this how to use the javascript filter array method investment is likely worth around $1.15 billion. If you don’t like the other 99.4% of Google’s business, I wouldn’t recommend buying its shares to gain exposure to Starlink. Investors can place bids and negotiate with sellers or accept their asking prices.

You can learn more about GOBankingRates’ processes and standards in our editorial policy. Currently, the system is being enhanced in several locations to provide speeds ranging from 50Mb/s to 150Mb/s with 20ms to 40ms latency. Get a daily email with the top market-moving major cryptocurrency abbreviations cryptocurrency news in bullet point format, for free. Today’s stock market has not been friendly to IPOs, so there’s no reason to rush it. Even after that happens, Starlink will likely contract with SpaceX to use its rockets for launches (as do many of Starlink’s current competitors).

Starlink says that it expects to expand into additional areas by mid-2022. As of Nov. 10, Starlink had reportedly launched 1,740 Starlink satellites. Recently, the company launched another 48 satellites into orbit, reports SpaceX. SpaceX is responsible for constructing Starlink, a company that serves as a provider of high-speed and low latency broadband internet. People who reside in places where the internet connection is nonexistent or unreliable can benefit from the services Starklink provides. On Public, you can invest in stocks, ETFs, Treasuries, and cryptocurrencies, all on one of the most well-designed investing platforms.

Elon Musk is the founder of SpaceX, which operates Starlink. While he has a significant stake, he shares ownership with a number of other investors. EToro is one of the world’s most popular investing platforms with over 28.5 million users. Starlink is a constellation of satellites using a low-Earth orbit to bring broadband to even the most remote areas. Finally, you can’t ignore that Starlink is a SpaceX subsidiary.

When it does go public, you’ll need a brokerage account to buy shares. Andreessen Horowitz (a16z) is a venture capital firm that has been a primary investor in SpaceX in multiple funding rounds. When a16z invested in X (formerly Twitter) (TWTR), it sold some of its shares to Cathie Wood’s Ark Venture Fund. There isn’t a Starlink stock symbol, because the company is currently private.

  1. On the fundamental side, you usually don’t have much information to work with, perhaps how much revenue a firm with public ambitions generated in the most recent fiscal year.
  2. Andreessen Horowitz (a16z) is a venture capital firm that has been a primary investor in SpaceX in multiple funding rounds.
  3. Starlink says Premium delivers speeds of between 150 megabits per second and 500 megabits per second.
  4. This lack of cash flow predictability — as mentioned above — can delay public trading on Starlink stock for some time.
  5. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
  6. As mentioned, Starlink isn’t publicly traded yet, and some of these issues could improve before it goes public.

However, Gwynne Shotwell, president and CEO of SpaceX said in a 2021 interview that Starlink’s total addressable market could be as high as $1 trillion. We receive compensation from the products and services mentioned in this story, but the opinions are the author’s own. Learn more about how we make money and our editorial policies. However, there have been news and rumors about a potential initial public offering (IPO) in 2024. In November 2023, in response to a post by Bloomberg, Elon Musk denied any plans for a Starlink IPO coming so quickly.

In addition, the company doesn’t appear to be profitable yet — though we will need to see its earnings reports to know for sure. There are now pre-IPO investing platforms that may allow you to trade Starlink or SpaceX shares before they go public. There are also concerns about light pollution and even Starlink’s satellites potentially interfering with the work of astronomers.

Alongside his involvement in PayPal, Tesla, Neuralink, and the Boring Company – one of his earlier projects SpaceX has developed an offshoot division called Starlink. The Starlink division hopes to revolutionise internet access across the world by using satellites and technology engineered by SpaceX. Information about a Starlink initial public offering (IPO) stock price is also limited, but we do have some clues about SpaceX shares.

With that kind of star power connected to the company, you might be wondering how to buy Starlink stock. Starlink is operated by SpaceX, a company founded in 2002 by former “Person of the year” and current Twitter and Tesla CEO Elon Musk. If you (like me) are considering investing in SpaceX’s long-promised Starlink IPO, this is a trend you’ll margin trading in cryptocurrency want to keep an eye on. Investing in the Web was founded after struggling to find and compare the hundreds of different fintechs available, as well as noticing some scams and lack of transparency in this industry. Interestingly, Starlink was just a side project within SpaceX, yet it has quickly become an integral part of the company.

Who can purchase Starlink internet services and how much do they cost?

Still, there are ways for investors to buy Starlink stock in 2024, well before its IPO. Our March report reveals the 3 “Strong Buy” stocks that market-beating analysts predict will outperform over the next year. Retail investors can wait for the IPO, or explore some of the ideas discussed in this article.

Stocks That Were Cheap in the ’80s but Are Worth a Lot of Money Now

Skylink plans to launch tens of thousands of satellites into low-Earth orbit, providing low latency and high-speed Internet across the globe. At this rate, it won’t take them very long to reach that goal. Starlink, currently being operated by SpaceX, it’s still not available to the public.

What is Starlink’s valuation?

It’s best if you deposit money into your account before the Starlink IPO goes live. Sometimes, the date for the IPO is only announced at the very last minute. If you don’t want to miss the opportunity, make sure you have funds at the ready. But it’s also important to keep in mind that building Starlink will cost around $10 billion, a substantial investment even for a tycoon like Musk. Currently, the company has an estimated 100,000 users spread out over 14 countries. When Musk decides to list its shares, I would expect Starlink’s IPO to command a valuation north of $100 billion.

For Starlink’s valuation specifically, estimates include a $50 billion forecast by Morgan Stanley analyst Adam Jonas in 2020. Others have put the valuation higher, but these projections seem to agree that Starlink could be more valuable than SpaceX in the long run. Since we lack any substantial official info about the Starlink IPO, guessing its the projected price of its stock is difficult. Sign up for our daily newsletter for the latest financial news and trending topics. Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct.

This accounts for about 2% of Shift4’s total payment volume. Again, this stake in SpaceX and Starlink represents just 0.5% of Bank of America’s total market capitalization, so I wouldn’t recommend buying its shares solely for its investment in Starlink. Hiive allows you to buy shares directly from sellers, which may include company employees, founders, venture capital funds, hedge funds or angel investors. Starlink is a private company, so there is no Starlink stock price. Elon Musk said he wanted a more predictable cash flow before an initial public offering, but he didn’t get too specific. Founded in 2006 in Israel, eToro now has over 30 million customers worldwide.

This lack of cash flow predictability — as mentioned above — can delay public trading on Starlink stock for some time. Starlink is still a private company and not yet publicly traded, so we can’t yet value it based on its market cap on a stock exchange. Currently, the best information we have is based on projections and estimates.

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