As SpaceX prepares for its highly anticipated stock market debut, investors worldwide are racing to get a piece of the action. Since Elon Musk confirmed the IPO, $14 billion has poured into SpaceX-linked funds.
However, not everyone can buy shares directly until the IPO, expected on June 12. Large financial players and wealthy individuals can invest directly, while others must find workarounds.
One option is the secondary market, where employees and early investors can sell shares privately. Another is exchange-traded funds (ETFs), which allow anyone to invest in SpaceX indirectly.
Some ETFs, like ERShares' XVOR fund, have a significant percentage of their holdings in SpaceX. The investment in SpaceX itself is through a complicated legal structure that puts some investors off.
Experts warn that the hype surrounding SpaceX may lead to overvaluation, as many investors are willing to pay a premium for access. The company's valuation is widely seen as far from its current business reality.
Some investors are getting into SpaceX's orbit by buying shares in other aerospace companies, such as Rocket Lab and AST SpaceMobile. Others are betting on Virgin Galactic, whose stock ticker is close to SpaceX's.
Prediction platforms, like Kalshi, are also seeing significant activity, with $29 million wagered on SpaceX-related questions.
