How can Australians Buy SpaceX Shares in Elon Musk’s Historic IPO
Synopsis
Australian investors could soon gain access to SpaceX shares as Elon Musk’s company prepares for what may become the world’s biggest IPO. The company recently released its prospectus, revealing financial details about its SpaceX, Starlink and AI divisions while outlining ambitious plans around interplanetary travel and space-based technology. CommSec has already indicated it expects an Australian retail offer, although investors will likely need international trading accounts because the shares are set to list on the Nasdaq under ticker SPCX around June 12.
Australians could soon be able to purchase shares in SpaceX via local brokers as Elon Musk’s firm gears up for a record-breaking Nasdaq IPO that may fetch $2 trillion.
Key Highlights
- SpaceX has filed a prospectus for its IPO
- Firm expected to be worth up to US$2 trillion following its listing
- Aussies can get the IPO through brokers such as CommSec
- Shares are set to start trading on Nasdaq under the ticker SPCX
- Starlink is also the only profitable part of the company
- SpaceX over US$2.59 billion loss by 2025
- Trading starts on June 12 approx.
SpaceX gears up for colossal public offering
SpaceX has released its long-awaited prospectus ahead of what will likely be the biggest IPO in history. Reports suggested that Elon Musk’s company is eyeing an IPO valuation of approximately US$2 trillion, which would almost instantaneously make it one of the largest publicly traded companies in the world following its public listing. Huge investor interest is being drawn to this IPO already due to SpaceX’s exposure to rockets, satellite internet, artificial intelligence and future space infrastructure.
The filing included financial information regarding the three key businesses within the company: SpaceX’s rocket business, Starlink satellite internet and its A.I. division. Despite this, the company recorded a US$2.59 billion loss as it continued investing heavily in future technology and infrastructure and expansion projects, with revenue of US$18.7 billion in 2025.
How Australians can potentially buy shares
The IPO is expected to be available to Australian investors via brokers participating in the float. CommSec has advised customers that it expects the deal to contain an Australian retail offer and will act as the lead Australian retail broker for the listing. The prospectus also said that a distinct Australian offer document in compliance with local laws will be lodged with ASIC.
The shares won’t be listed on the ASX and are actually expected to trade on the Nasdaq exchange in the US under ticker SPCX. That means Australians looking to purchase shares post-IPO will probably require an overseas trading account that allows investing in US exchanges. Trading is now expected to begin approximately on 12 June.
Profits from Starlink bolster Musk’s grander designs
A prospectus revealed that Starlink is currently the only unit within SpaceX that makes a profit. The connectivity business swung to a US$1.19 billion profit in 2016 Q1, but the rocket and AI divisions continued to be very loss-making as expenditures on investment continued rising.
Instead of running a conventional profit-making business, SpaceX is pitching itself to investors as a long-term growth story. The company characterised space as the largest economic frontier in human history, made plans for the next 20 years, including satellite-powered AI systems, lunar bases, Mars missions and casting futuristic solar energy infrastructure across space.
Risks investors should understand
SpaceX is still a high-risk growth company even with all the hype surrounding its IPO. It is still bleeding billions of dollars a year, and relies heavily on high-stakes long-term tech and infrastructure projects that might not turn a profit for years.
Moreover, analysts have also pointed out that the largest IPOs of recent years struggled to beat the overall stock market in their ensuing listings after high-octane initial buzz. Investors should leap to buy into SpaceX mainly because of the long-term ways, Elon Musk’s track record and the company’s long-term vision for these two markets; such visions demand heavy capital before big returns are acquired.
FAQs
- Can Australians buy SpaceX shares?
Yes. It will be accessible to Australians via brokers taking part in the IPO and several overseas accounts.
- Australians can buy SpaceX IPO shares from which broker?
CommSec has announced that it intends to be involved in the Australian retail offer.
- Is SpaceX profitable?
No, only the Starlink division has posted a profit.
- Where will SpaceX share trade?
The shares are set to be listed on the Nasdaq exchange with a ticker SPCX.
- When Will SpaceX Go Public?
Trading is now slated for around 12 June.
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