How Can I Buy Starlink Stock Today
Introduction: What is Starling?
If you've ever heard of Elon Musk, then chances are that you know his name as being the inventor of the Tesla car. But in recent years, he has broadened his horizons to include other ventures such as SpaceX, which he developed for space travel. But his recent venture is Starlink, something that takes intergalactic travel to useful form.
That useful form is global internet service, which aims to use not one but several roaming satellites in an effort to achieve its mission in providing private satellites across the globe for faster, better internet service. And with a recent grant of $885.5 in 2020, the company was able to get a good start.
Launching Your Starlink Stock Investment
It certainly didn't take very long for Starlink to gain popularity in the realm of worldwide internet service. Now with over 10,000 customers and counting, Starlink is considering ways to expand into the worldwide internet market.
As early as February 2020, there were rumors about an initial public offering being made for the first line of company stock. So far, not much has come of it. But there is still hope, as you can purchase an IPO even for new ventures like Starlink.
Get Your Brokerage Going
Getting started on your investment will require a lot of time, research and thought. But with IPOs, it is a custom for sellers to reach an audience that has only seasoned investors. This makes it a serious challenge for new or first-time investors to get a price quote for stock on a new venture. In most cases, it would be wise to wait until the company has had significant time for solid, financial growth and a future to match.
A good brokerage will most likely offer a deal on commission free trading. They should have educational materials and resources to help you make your final decision.
Determine the Number of Shares
After finding a brokerage, you need to decide how many shares you want to buy. You will need to put a lot of time, thought and effort into this.
There is a formula you can use to help you decide how many shares you want to buy in Starlink stock. All you have to do is simply divide the whole dollar amount by the fair market price. Whatever the result is should serve as your personal blueprint for how much you want to purchase. Account size and risk assessment should be done prior to this step.
Trading
Should you ever wish to sell or trade your Starlink stock, there are a few steps to follow. The first is to decide if you want to buy or sell. If you want to buy, the knowing how many shares you want is key. From there, you can finalize your transaction and make your purchase right from the brokerage site.
References:
[1]https://www.benzinga.com/money/how-to-buy-starlink-ipo-stock/
[2]https://www.cnet.com/home/internet/starlink-satellite-internet-explained/