Investing in SpaceX just became more accessible!
Investing in SpaceX just became more accessible!
Investing in SpaceX, the innovative space company, has been a topic of interest for many everyday investors, yet its non-public status has made it a challenge to directly purchase shares. With an estimated valuation of over $200 billion, SpaceX operates privately and doesn't have immediate plans to go public. However, some avenues exist for investors, such as employee and investor trading programs, secondary websites, and certain venture capital funds.
But here's some good news for accredited investors! SoFi, an investment app platform, is partnering with Templum to bring new investment options to its brokerage customers. SoFi offers a range of investment options, including stocks, exchange-traded funds (ETFs), mutual funds, and this latest announcement adds three private market funds, including the Cosmos Fund.
The Cosmos Fund, in particular, is worth examining. This exclusive fund is designed to hold SpaceX stock only, making an investment in the future of space travel a possibility. This means if you meet the accredited investor requirements, you're one step closer to investing in SpaceX.
Are you eligible to invest in SpaceX through the Cosmos Fund?
Accredited investor status is required to invest in the Cosmos Fund, at least initially. This typically translates to having at least $1 million in investable assets or an annual income of $200,000 or more (or $300,000 jointly with a spouse). Additionally, there's a minimum investment requirement of $25,000.
The opportunity to invest in SpaceX through the Cosmos Fund is available, albeit with some restrictions. SoFi members qualified as accredited investors can gain exposure to the exciting space company during this offering period, from Dec 4 through Dec 19.
How can you invest in the Cosmos Fund?
Investors interested in gaining exposure to SpaceX through the Cosmos Fund need to sign up for the SoFi Invest platform, verify their accreditation status, and create a profile on Templum before accessing the fund details. There's also a need to upload photo ID, as part of the accreditation verification process.
It's important to note that the offerings aren't directly viewable on SoFi's website but accessible via the Templum platform. SoFi isn't the only investment opportunity for SpaceX enthusiasts. The Ark Venture Fund, open to all SoFi brokerage clients, holds 12.4% of its assets invested in SpaceX. While this fund doesn't purely focus on SpaceX, it offers investors a chance to diversify their portfolio with the inclusion of popular private companies such as OpenAI and Epic Games.
Whether the Cosmos Fund or Ark Venture Fund is the right choice for you depends on your investment goals, risk tolerance, and overall investment portfolio strategy. SoFi's latest partnership aims to democratize private market investments, making them more accessible to retail investors. By providing two investment options to gain exposure to SpaceX, SoFi empowers investors to be a part of the future of space exploration.
To qualify for investing in the Cosmos Fund, which solely holds SpaceX stock, one must meet the accredited investor requirements, typically having at least $1 million in investable assets or an annual income of $200,000 or more. For interested investors, they need to sign up for SoFi's Invest platform, verify their accreditation status, and create a profile on Templum before accessing the fund details, and provide a photo ID during the verification process.
Although the Cosmos Fund is an exclusive opportunity to invest directly in SpaceX, the Ark Venture Fund, another SoFi brokerage offering, allows investors to diversify their portfolio with 12.4% of its assets invested in SpaceX. This fund, open to all SoFi clients, also includes other popular private companies like OpenAI and Epic Games.