3 Ways to Buy SpaceX Stock Before Its Blockbuster IPO
Written by Manali Pradhan for The Motley Fool -> Alphabet offers a blue chip way to get indirect exposure to SpaceX. EchoStar could benefit from a future SpaceX stock component, but the deal structure makes it a high-risk play. XOVR gives investors access to pre-IPO SpaceX exp
Alphabet offers a blue chip way to get indirect exposure to SpaceX.
EchoStar could benefit from a future SpaceX stock component, but the deal structure makes it a high-risk play.
XOVR gives investors access to pre-IPO SpaceX exposure, though the ETF structure adds redemption and liquidity risk.
SpaceX's initial public offering (IPO) may already be creating wealth even before public investors buy a single share. According to Reuters, the company is targeting a valuation of roughly $1.75 trillion, up sharply from the $1.25 trillion combined valuation assigned after its merger with xAI in February 2026. As anticipation builds for what could become the biggest IPO ever, investors are increasingly seeking indirect ways to gain exposure before the listing.
Here are three ways to get indirect exposure to this rocket and satellite company .
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Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) may be one of the cleanest blue chip ways to get indirect exposure to SpaceX before its expected IPO. According to a recent Alaska regulatory filing, the company held a 6.11% stake in SpaceX at the end of 2025. While Alphabet does not disclose the stake as a separate line item in its own filings, the position has most likely been diluted from Alphabet's (then called Google) reported original stake of nearly 7% in 2015. According to Bloomberg, Alphabet's stake is now close to 5% after SpaceX's merger with xAI. At a $1.75 trillion valuation, even a 5% stake would amount to almost $87.5 billion.
Alphabet's non-marketable securities also increased from around $68.7 billion at the end of fiscal 2025 to about $106.9 billion at the end of the first quarter of fiscal 2026. The company also reported $36.9 billion of net equity securities gains, primarily from unrealized gains on its private investments. Although Alphabet does not report how much of that gain came from revaluation of SpaceX's stake ahead of the IPO, the numbers show why the company's private-company investments cannot be ignored.
