Investors have long been eyeing a stake in Elon Musk's renowned space franchise, SpaceX. Despite being a privately held company, there is now a way for both institutional and individual investors to become part of this groundbreaking venture.
ARK Invest's ARK Venture Fund, a close-ended fund that focuses on disruptive innovation, announced its investment in SpaceX as of October 31. This fund allows individuals to invest as little as $500 through the user-friendly financial services app called "Titan." Many have already taken advantage of this opportunity within minutes of its availability.
SpaceX stands out as a true disruptor in the aerospace industry. With its pioneering efforts in reusable rockets, it has significantly reduced the cost of space exploration. In just two decades, SpaceX has emerged as the leading provider of space-launch services, accounting for almost half of the world's total orbital missions in 2023 alone.
Recognized as one of the most valuable aerospace companies globally, with an estimated worth of $150 billion in private-market transactions, SpaceX is not easily accessible to most investors. However, ARK's fund presents an avenue for individuals to own a part of this exceptional organization.
It is important to note that while SpaceX is a significant position within the fund, it is not the only one. The exact amount that the fund owns and the price paid for the investment are currently undisclosed. Requests for clarification from ARK Invest remain unanswered at this time.
Evaluating the value of privately held companies can be challenging, and liquidity is not as readily available compared to other investments. Investors should consider these factors before diving in, as they are only able to redeem a portion of their investment on a quarterly basis.
Nevertheless, the option to invest in the leading space franchise has become more accessible than ever before. It presents a unique opportunity that should not be overlooked.
In other news, shares of Elon Musk's other company, Tesla (TSLA), experienced a significant surge in early trading, soaring by 4.5%. Meanwhile, the S&P 500 and Nasdaq Composite saw more modest gains of 1.1% and 1.2%, respectively. Musk himself took to Twitter, expressing his belief that Tesla's market capitalization could reach a staggering $4 trillion, several times higher than its current valuation.
Our Latest News
DiscoverIE Group acquires 2J Antennas Group for €52.5 million, aims to create dominant player in industrial wireless connectivity.
Peter Navarro, a former official in the Trump White House, has been convicted of contempt of Congress charges for refusing to cooperate with a congressional inv...
According to new data, the U.K. housing market's sentiment remains strong, with a majority of prospective buyers feeling confident about property transactions....