SpaceX stock is not a company that investors can buy through standard channels. You will not find it on the New York Stock Exchange (NYSE) or the Nasdaq. SpaceX is not a publicly-traded company, it is privately held.
Hence, an investor cannot buy or sell SpaceX stock using a brokerage account. The company does not even have a ticker symbol. Therefore, it is not easy for a retail investor to own a piece of SpaceX.
It is an aerospace company that designs and builds rockets and communication satellites. It was founded in 2002 initially as Space Exploration Technologies Corp. by Elon Musk, the founder, chief executive officer (CEO), and chief engineer of SpaceX.
The main product is the Falcon 9 rocket, a reusable rocket. These rockets provide lower-cost launch services for satellites weighing up to 440 pounds (200 kilograms). Satellite launches generated about $1.6 billion in sales in 2021.
Despite the hopes of many retail investors, SpaceX will probably not have an initial public offering (IPO) anytime soon. Unfortunately, this fact means small investors cannot buy or sell shares on a stock exchange. There are two reasons for this.
First, Elon Musk is reportedly hesitant about the idea of SpaceX going public. Since he is the founder and CEO, it will probably not happen. The main reason is SpaceX's long-term goal is to colonize Mars.
In addition, SpaceX had had little difficulty raising private capital, making an IPO less needed and likely. According to Crunchbase, since 2002, the company has raised approximately $7.7 billion in private capital.