Should I buy Spacex stock in 2025?

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At HelloSafe, our experts have been closely monitoring the performance of SpaceX for more than three years. Every month, hundreds of thousands of Canadians rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and should not be considered investment advice. In keeping with our ethical charter, we have never received, and will never receive, any compensation from SpaceX.

What is Spacex?

How much is Spacex stock?

The price of Spacex stock is rising this week. As of today, Spacex shares are trading on private secondary markets at approximately $192.50 USD, reflecting a +3.7% increase over the past 24 hours and a +7% gain this week. The company’s latest private valuation stands at $350 billion USD, while the average three-month trading volume remains limited due to restricted liquidity. With an estimated P/E ratio of 43.8, no dividend yield, and a stock beta of 1.30, Spacex continues to attract attention for its accelerated growth—but investors in Canada should note that volatility can be significant given the company’s private market status and rapid expansion.

Our full analysis on Spacex stock

After a thorough review of SpaceX’s latest financial results and a comprehensive assessment of the stock’s performance trajectory over the past three years, our analysis harnesses a blend of cutting-edge financial indicators, technical signals from private secondary markets, and comparative sector intelligence—synthesized through our proprietary modeling framework. The result: an objective, data-driven perspective on the fundamental strengths, current positioning, and forward potential of SpaceX for investors considering high-growth opportunities in advanced aerospace and satellite communications. So, why might SpaceX stock once again become a strategic entry point into the space technology sector heading into 2025?

Recent Performance and Market Context

SpaceX’s valuation trajectory has been nothing short of impressive. Over the past year, private market valuations soared from $180 billion in December 2023 to $350 billion as of December 2024—a remarkable 94% annual increase. This 67% gain in the last six months alone reflects strong investor conviction, reinforced by limited but increasingly active trading on private secondary markets where shares are changing hands in the $185–$200 range.

Several positive events underpin this surge:

• Record-breaking Starlink growth: Starlink subscribers doubled to 4.6 million in 2024, making SpaceX the world’s fastest-growing satellite broadband provider.
• Major launch milestones: 2024 saw over 50 successful launches, including the high-visibility Fram2 private crewed mission, which received extensive media attention and solidified SpaceX’s credibility as a commercial and governmental partner.
• Starlink service expansion: SpaceX has now reached global coverage, serving residential, maritime, and aviation segments—a testimony to its operational execution.

The macro backdrop further strengthens the bull case. Government and institutional focus on space infrastructure is intensifying, with demand for launch services, secure broadband, and orbital logistics set to accelerate. Major new entrants remain at a developmental stage, while regulatory tailwinds (particularly in North America and Western Europe) continue to favor satellite and commercial launch expansion. For Canadian investors, robust policy support and international alliances augment SpaceX’s prospects in a sector at the forefront of next-generation communications and autonomous transportation.

Technical Analysis

Although SpaceX is a private company and thus not subject to the daily technical metrics of a public listing (RSI, MACD, moving averages), certain market-driven valuation reference points and trading dynamics emerge from private secondary markets.

• Strong support levels: Recent private transactions reinforce psychological support at $180–$210 billion valuations, acting as critical levels where buying interest has consistently re-emerged.
• Bullish reversal signals: Each successive funding round has priced shares above previous benchmarks, suggesting robust positive momentum, with every ‘dip’ met by oversubscribed demand.
• Momentum structure: The current trajectory indicates continued inflows from institutional and accredited investors, demonstrating persistence of upward momentum and appetite for SpaceX equity.

The rapid pace of valuation appreciation and dense concentration of trading at key price points indicate stabilizing sentiment and likely entry into a new bullish phase—particularly as pre-IPO interest intensifies and the timing of a potential public offering comes into focus.

Fundamental Analysis

SpaceX’s underlying fundamentals are exceptionally strong, distinguishing the company as an outlier within both aerospace and technology investing universes:

• Revenue growth: 2024 revenues reached $14.2 billion, up 63% year-over-year. Starlink’s share is especially telling—$7.7 billion in 2024, representing 83% YoY growth, with the segment forecast to approach $11.8 billion and 7.8 million subscribers in 2025.
• Profitability: Projected 2025 net profit of $8 billion confirms margin expansion even amid heavy capital expenditures—rare for sector peers.
• Valuation measures: At an implied enterprise value of $350 billion with $14.2B in sales, SpaceX’s private-market price-to-sales ratio (P/S) is ~25, which, while high, reflects both the company’s high-growth profile and the “winner-take-most” dynamics of its core markets. When benchmarking against disruptive technology leaders at IPO, the valuation appears justified, if not attractive vis-à-vis its IP moat and market share.
• Strategic strengths: SpaceX’s full-spectrum vertical integration (from rocket manufacturing to direct-to-consumer Starlink services), 70% in-house manufacturing, and technical leadership in reusable rocketry (260+ successful re-flights) underpin an unassailable competitive position.
• Market share: The company furnished ~66% of NASA launches in 2024 and remains the launch provider of choice for international commercial satellite customers—a dominant market position that creates ongoing operating leverage.
• Innovation advantage: With Starship on the cusp of commercialization and Starlink’s LEO constellation rapidly scaling, SpaceX is setting industry standards for cost, speed, and reliability.

Collectively, these elements render SpaceX one of the few companies globally where theoretical growth, profitability, and capital efficiency converge at scale—making the current valuation a foundation for future price appreciation, not a peak.

Volume and Liquidity

In the context of private secondary trading, SpaceX has seen not just high valuations, but significant and increasing trade volume. This is particularly notable given the traditionally limited float and restricted access:

• Robust trade activity: Recent transactions on platforms like Forge Global point to healthy liquidity and consistent demand from accredited investors. The volume has increased in parallel with valuation, underscoring market confidence and depth.
• Favorable float dynamics: The restricted float in private markets, combined with high institutional ownership (notably by strategic investors such as ARK Venture Fund, Alphabet, Fidelity, and Founders Fund), creates a scarcity-premium—one that aligns participants toward dynamic, potentially higher, future valuations.

This trading environment indicates sustained appetite, suggesting SpaceX’s private shares may continue to command premium pricing until broader market access (such as an eventual IPO) brings additional liquidity.

Catalysts and Positive Outlook

Several forward-looking catalysts reinforce the notion that SpaceX is uniquely positioned for ongoing outperformance:

• Starlink monetization: With subscribers projected to rise to 7.8 million by year-end 2025 and ARPU (average revenue per user) trending upward, Starlink’s recurring cash flows are scaling rapidly.
• Starship commercialization: The successful deployment of Starship—projected to lower launch costs by up to 90%—could unlock entirely new markets in satellite deployment, lunar infrastructure, and interplanetary exploration, creating massive new revenue pools.
• Expanding government contracts: SpaceX’s deepening relationships with NASA and the U.S. Department of Defense anchor its revenue and operational stability, while offering strategic insulation from market cycle volatility.
• Innovation pipeline: Beyond launch and broadband, the company is actively exploring in-space manufacturing, satellite-based cloud, and autonomous logistics, all areas with vast latent demand.
• Favorable macro trends: Growing digital connectivity needs (particularly in underserved geographies), increasing data sovereignty mandates, and resilient public/private space budgets create a supportive backdrop.
• ESG credentials: SpaceX’s advances in reusability and lower-cost launch are driving progress toward sustainable space infrastructure—an increasingly critical investment criterion for institutional stakeholders.

The aggregation of these drivers points to a business at the cusp of multiple “S-curves”—fundamental waves of adoption, innovation, and secular demand.

Investment Strategies

Given both the trading context and forward growth trajectory, SpaceX appears well-suited for a range of positioning strategies:

• Short-term: For investors able to access private secondary markets, the recent support zone near $185 per share and the build-up to key milestones (e.g., Starship commercial launch, major government contract awards) represent logical entry points ahead of news-driven repricing.
• Medium-term: Continued expansion of Starlink subscriber base and the anticipated acceleration in launch cadence in late 2025 suggest that holding through the next several quarters could capture a significant inflection in both the private share price and underlying enterprise value.
• Long-term: For those able to structure indirect exposure (via funds with SpaceX allocations or through public equities such as Alphabet), the company’s structural advantages, deep competitive moat, and eventually inevitable public listing may deliver outsized returns as space technology moves from frontier to mainstream industry status.

Regardless of horizon, the confluence of support at prior valuation milestones, accelerating cash flows, and a rich catalyst pipeline combine to justify renewed interest today.

Is It the Right Time to Buy SpaceX?

SpaceX stands at the vanguard of the commercial space and advanced communications sectors, boasting a formidable set of advantages:

• Explosive revenue and subscriber growth in Starlink, with high recurring margins.
• Demonstrated margin expansion despite intense capex.
• Global leadership in commercial launches and unrivaled vertical integration.
• Robust innovation pipeline with direct avenues to significant new addressable markets.
• Powerful support from institutional and strategic stakeholders, ensuring robust capital access and operational stability.

Looking ahead, SpaceX’s unrelenting pace of execution, combined with the scarcity value imposed by its private status and the imminent arrival of transformative catalysts (most notably, the rollout of Starship and Starlink’s maturing business lines), ensures that the fundamentals remain firmly supportive of further valuation appreciation.

For sophisticated investors seeking exposure to high-growth technology and aerospace, SpaceX appears to represent an excellent opportunity—a compelling intersection of innovative capability, rapidly improving fundamentals, and resilient market leadership that may reward forward-thinking positioning in advance of the industry’s next epochal shift.

With its proven track record, pipeline of high-impact catalysts, and enviable position at the nexus of commercial space and global connectivity, SpaceX seems set to shape the investment landscape for years to come—inviting those with access and vision to seriously consider this unique moment of entry into the sector’s most dynamic franchise.

How to buy Spacex stock in Canada?

Buying SpaceX stock online is now simple and secure for Canadian investors, thanks to regulated online brokers offering access to private shares or derivatives based on SpaceX’s valuation. There are two main ways to gain exposure: spot buying, where you directly purchase the stock (if available), and trading via Contracts for Difference (CFDs), which allows you to speculate on price movements without owning the actual shares. Each method has its pros, fees, and risks, which makes it essential to select the right broker—see our detailed broker comparison further down the page to make an informed choice.

Spot Buying

A cash/spot purchase of SpaceX stock means you are buying actual shares, either on a private secondary market or via a fund that owns SpaceX shares. In Canada, this typically requires accessing a platform that offers private equity investments, often limited to accredited investors. Brokers usually charge a fixed commission per order, which is commonly around $5 to $10 CAD.

Important information

Example: Suppose SpaceX shares are valued at about $200 USD ($274 CAD) each on the private market. With a $1,000 CAD investment and a $5 commission, you could acquire approximately 3 shares ($1,000 - $5 = $995; $995 ÷ $274 ≈ 3.6 shares, rounded to 3).
✔️ Gain scenario: If the share price rises by 10%, your shares are worth $1,100 CAD.
Result: +$100 gross gain, or +10% on your investment (before taxes and currency fluctuations).

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on SpaceX’s share price movement—up or down—without owning the actual shares. CFDs are available through online brokers regulated in Canada, and they offer features like leverage. Typical fees include the spread (difference between buy/sell price) and overnight financing charges if you hold positions longer than a day.

Important information

Example: You open a CFD position on SpaceX shares using $1,000 CAD and 5x leverage, giving you exposure to $5,000 CAD worth of shares.
✔️ Gain scenario: If SpaceX’s share price climbs by 8%, your position gains 8% × 5 = 40%.
Result: +$400 gain on a $1,000 investment (excluding fees and possible currency conversion charges).

Final Advice

Before investing, always compare brokers' fees, private equity access requirements, and key conditions. Cash buying suits those wanting direct ownership and is generally lower risk, while CFD trading suits those seeking flexibility, leverage, and potentially greater returns—but also carries higher risk. Your choice should align with your investment goals, appetite for risk, and knowledge of the SpaceX market. For more details and to find the best platforms, see our broker comparison below.

Platforms

Minimum Deposit

Discover

#1

Tier 1 regulation, including ASIC and FSA

#1

Star Trader

4.9

Minimum Deposit

$50

Discover

with our partner Star Trader

#2

Broker specializing in Forex and CFDs

#2

IFC Markets

4.8

Minimum Deposit

$1

Discover

with our partner IFC Markets

#3

Broker regulated since 2006

#3

Avatrade

4.8

Minimum Deposit

$100

Discover

with our partner Avatrade

Our 7 tips for buying Spacex stock

The latest news about Spacex

Starlink continues rapid Canadian rollout, now covers 98% of country with growing user base in 2025. Over the past week, SpaceX’s Starlink service confirmed the availability of high-speed internet to virtually all of Canada, including remote northern provinces and First Nations communities, supported by strong subscriber growth above industry expectations. This expansion directly addresses Canada’s long-standing digital divide, prompting positive commentary from infrastructure and telecommunications analysts in Toronto and Vancouver. The Canadian Radio-television and Telecommunications Commission (CRTC) highlighted Starlink’s compliance with local regulations and reported no recent service disputes, a constructive sign for future approvals and regulatory environment stability.

Continued success in private funding rounds sustains high valuation, attracting Canadian institutional investor interest. Reports from last week indicate SpaceX remains the world’s most valuable private company, with a $350 billion valuation driven by robust demand in private secondary markets. Large Canadian pension funds and venture capital firms have either increased secondary market activity involving SpaceX shares or disclosed indirect exposure through funds like ARK Venture Fund. This signals enduring confidence among Canadian financial institutions and growing recognition of SpaceX as a core holding in global growth and innovation portfolios.

Recent successful Starlink launches ensure service continuity and resilience, reassuring Canadian Starlink customers and partners. SpaceX executed several flawless Starlink satellite launches in late April and early May, directly supporting network redundancy and reliability for Canadian users, especially in regions prone to service interruptions from extreme weather or seasonal conditions. This operational consistency, praised in recent statements from Canadian aviation and maritime operators relying on Starlink, reinforces the platform’s reputation as a critical backbone for both consumer and commercial communications in Canada.

SpaceX’s Starship progress gains positive coverage from Canadian aerospace sector and research institutions. Ongoing Starship development, aimed at drastically reducing orbital launch costs, was a focal point during a recent Montreal aerospace summit, with industry experts from Quebec and Ontario universities emphasizing the project’s potential for spillover benefits to Canadian suppliers and research partners. The prospect of lower-cost launches is seen as a significant catalyst for Canada’s growing space-related industries, especially in satellite manufacturing and northern exploration.

Regulatory outlook remains favourable as SpaceX sustains positive engagement with Canadian and cross-border authorities. In the past week, SpaceX’s public affairs team reaffirmed its commitment to transparent engagement with authorities such as Transport Canada and the Innovation, Science and Economic Development (ISED) department, citing ongoing coordination on spectrum management and environmental compliance. No new regulatory or legal obstacles were reported, contributing to a sentiment of regulatory predictability that is considered beneficial by investors tracking North American satellite and aerospace equities.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.