Buying This Stock Could Give You Exposure to SpaceX Before Its IPO. Should You Do It?

By David Jagielski, CPA – Apr 13, 2026 at 3:45PM ESTKey PointsEchoStar acquired billions worth of SpaceX shares last year.SpaceX is going public at a valuation that could approach $2 trillion.One of the most eagerly anticipated events of 2026 is undoubtedly the upcoming SpaceX IPO. The stock is expected to go public as early as this summer, and it'll give investors an opportunity to invest in Elon Musk's highly popular space company. Given the attention on space exploration of late and the successful launch of Artemis II, the timing couldn't be more ideal for SpaceX to go public. Interest is high in SpaceX, and investors have been looking for ways to invest in it before it goes public. The gains, after all, can sometimes be incredibly lucrative for investors who are able to get in early. And there are ways to gain exposure to SpaceX without having to be an accredited investor. One option is to invest in EchoStar (SATS 2.36%). Image source: Getty Images. How does investing in EchoStar give investors exposure to SpaceX? EchoStar is a satellite communications provider, and last year, it sold spectrum licenses to SpaceX, which it will use to grow its global mobile phone network, in exchange for shares of its business. Through the deal, EchoStar received $11.1 billion worth of SpaceX stock, which today is estimated to be worth around $28 billion. As a result, investors who invest in EchoStar will gain indirect exposure to SpaceX. If SpaceX stock rises significantly in value, EchoStar will stand to benefit -- but that doesn't mean investors will see a corresponding increase in the value of their investment in EchoStar. ExpandNASDAQ: SATSEchoStarToday's Change(-2.36%) $-3.04Current Price$125.55Key Data PointsMarket Cap$37BDay's Range$125.00 - $129.2552wk Range$14.90 - $132.43Volume2.9MAvg Vol6.6MGross Margin15.71% Why you may just be better off waiting You may want to invest in EchoStar for the hopes of gaining exposure to SpaceX, but at the end of the day, your investment would primarily be in EchoStar. This company has a high debt load and has posted an operating loss in each of the past two years. Its sales have also been declining. This is not the type of stock that screams buy right now. Meanwhile, with SpaceX's IPO targeting a fairly high valuation near $2 trillion, it may stumble out of the gate, which could be good news for investors who want to buy the space stock for the long term, enabling them to buy at a reduced price. With the IPO just months away, there simply isn't a compelling reason to buy EchoStar for indirect exposure to SpaceX, especially since it wouldn't necessarily lead to huge gains, plus, it would involve also having to hold a risky stock such as EchoStar in the process. Read NextApr 8, 2026 •By Adam LevyThis Stock Is the Best Way to Buy Into SpaceX Before Its IPO, but Could You Be Better Off Waiting?Apr 1, 2026 •By Eric VolkmanWhy EchoStar Stock Zoomed 3% Higher TodayMar 31, 2026 •By Thomas NielA SpaceX IPO Could Open the Door for More Investment Into Smaller Space Companies Like Rocket Lab and Planet LabsMar 29, 2026 •By Billy DubersteinElon Musk's Terafab: What It Is, and the 2 Stocks That Give You Exposure Right NowMar 25, 2026 •By Billy DubersteinWhy EchoStar Rallied TodayMar 22, 2026 •By Brett SchaferBeat the Wall Street Rush: How Everyday Investors Can Buy SpaceX Stock Right NowAbout the AuthorDavid Jagielski, CPA, has been a contributing Motley Fool stock market analyst covering healthcare, consumer staples, consumer discretionary, and technology stocks since 2017. David has more than 10 years of experience in finance roles across businesses of different sizes and sectors. He holds a Certified Public Accountant designation in Canada.TMFdjagielskiStocks MentionedEchoStarNASDAQ: SATS$125.55(-2.36%)-$3.04*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.