SpaceX: How to buy its shares indirectly, at a discount?

SpaceX, Elon Musk's space brainchild, isn't publicly traded, so buying its shares is impossible for the average Joe. But Bloomberg analysts have found a shortcut: betting on EchoStar Corp. This move would allow public investors to gain indirect exposure to the space tech company. It's a bit like buying the shovels during a gold rush.

EchoStar, in fact, has a long-term agreement with SpaceX for launch services and, crucially, holds a significant stake in OneWeb, a Starlink competitor. Many see EchoStar as a vehicle to invest in the satellite and space sector generally, with a keen eye on Musk's galaxy. EchoStar's "bullish investors" push this narrative, convinced of its hidden potential.

According to experts, investing in EchoStar offers a more favorable valuation compared to a hypothetical direct purchase of SpaceX, should that ever be possible. This "discount" comes from the market valuing EchoStar for its current assets, without fully considering the potential value of its relationship with SpaceX or its strategic holdings. Basically, you're paying for a space ticket, but half price.

Bloomberg reported on July 10, 2026, that analysts view EchoStar as a unique opportunity for traders. The company's market capitalization is lower than its potential derived from the partnership and stakes. So, you're buying shares of a company that, among other things, has a strong link to an unlisted giant. Not bad for those who dream of the stars without emptying their wallets.