Here’s How You Can Invest In Elon Musk’s SpaceX Before The Company Goes Public – Benzinga

Posted: September 16, 2021 at 6:05 am

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk'sSpace Exploration Technologies Corp, or SpaceX, is set to launch itsFalcon 9 rocket Wednesday night in what will be the first all-civilian crew to be sentto space.The three-day Inspiration4 mission aims to raise $200million for St. Jude Children's Research Hospital.

How To Invest: Although SpaceX is not yet a publicly-traded company, here are a few ways investors can indirectly invest in the space exploration company.

Google's parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) invested in SpaceX in 2015. The tech giant invested $1 billion in a joint venture with Fidelity.

At that time the company was valued at $10 billion. There is no evidence that suggests Alphabet has sold its share of the 10% stake itacquired with Fidelity. Based on a February 2021 private market valuation, SpaceX is currently valued around $74 billion.

The Baillie Gifford US Growth Trust, which trades on the London Stock Exchange, also owns a stake in SpaceX. According to numbers updated on Aug.31, 2021, the Baillie Gifford Trust owns a 2% stake inSpaceX. It also owns a 3.7% stake in Tesla.

Flight Details: The flightwill mark SpaceX's 125th Falcon 9 launch and its23rdlaunch in 2021. The flight will bethe fourth crewed mission for SpaceX, but it'sthe first to carry private citizens to space.

Related Link:Elon Musk's SpaceX To Launch 4 Civilians Into Space Today In Its First-Such Mission And Netflix Is Running A Special Livestream

Liftoff is scheduledfor 8:02 p.m. ET Wednesday night. The eventwill be streamed livehere.

Photo:Steven Straitonfrom Flickr.

2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Here's How You Can Invest In Elon Musk's SpaceX Before The Company Goes Public - Benzinga

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