Article sponsored by F&O Research
SpaceX is preparing for a $1.8 trillion IPO which would make its eventual IPO the largest in market history. But while most investors won’t be able to buy shares directly until it lists, there are ways to get exposure to SpaceX before liftoff.
The business itself has evolved dramatically. Beyond rockets and Mars ambitions, SpaceX now operates across satellite internet, AI infrastructure, defence communications and orbital computing.
It estimates its total addressable market at around $28.5 trillion. Starlink alone generates roughly $3.26 billion in quarterly revenue, representing around 69% of total company revenue and $1.19 billion in operating profit. This is infrastructure at a planetary scale.
So where can investors get exposure to SpaceX before the IPO?
For more ways to get exposure, please download the full report from F&O Research here.
Scottish Mortgage Investment Trust is probably the most talked-about route for UK investors. Baillie Gifford’s flagship trust invested approximately $200 million into SpaceX between 2018 and 2021. That holding is now reportedly worth close to $4 billion, a 19x return, and the IPO hasn’t even happened yet. For anyone already holding Scottish Mortgage in an ISA or SIPP, they may have more SpaceX exposure than they realise.
Beyond SpaceX, there are broader space economy plays worth considering. Seraphim Space Investment Trust is listed in the UK and focused on the commercial space sector, including satellite technology, communications infrastructure, and aerospace innovation. Procure Space ETF offers diversified exposure across launch technology, satellite operators and aerospace businesses.