Elon Musk’s next big bet: Canada
Elon Musk is making big bets on Canada. After successfully beta testing one of his SpaceX services in New Brunswick, he prepares to enter the mass market for services. People from Canada and other select countries can now sign up for the launch. In this article, I will introduce this new service and if you can invest in it.
Starlink accepts pre-orders
In recent articles, I discussed Elon Musk’s Starlink satellite internet service that was tested in New Brunswick and British Columbia. The service conducted beta testing in rural NB, which was later expanded to BC. Beta tests were successful. The members were generally positive about Starlink; one IT consultant said it improved his ability to do business.
Inspired by the success of these tests, Musk decided to release Starlink regularly. It started taking pre-orders for the service this month. For Canadians, this service costs $ 129 per month on top of $ 649 for equipment. It is definitely not the cheapest internet service. But for villagers who can’t get high speeds through their ISP, this might be the best option available.
You cannot invest in this
If you are enthusiastic about buying Starlink stock, I have bad news for you: the company is not public. Starlink is part of SpaceX, a private company as opposed to public Tesla. This means that right now, only Musk and his venture capitalists can be involved in his success. It is possible that SpaceX will go public someday. After all, it recently received a major round of venture funding, and investors usually hope to eventually go public. But so far, we retail investors are out of luck.
You can invest in these Canadian companies shaping the future of wireless communications.
So far, there doesn’t seem to be an investment in Starlink. The company is not public and you cannot buy any indirect shares either. But that doesn’t mean you can’t gamble on the future of the Internet and wireless technology. There are dozens of Canadian companies doing great things in 5G, satellite internet and other promising technologies. And best of all, you can actually invest in them!
Consider Sierra Wireless (TSX: SW) (NASDAQ: SWIR) for example. It is a Canadian wireless component manufacturer that is currently making big bets on 5G. It develops 5G cellular routers and components for Internet of Things (IoT) devices. These are all exciting new technologies. And Sierra is investing heavily in their future. The implementation of 5G in IoT is a promising formula as it combines two innovative technologies in one. And Sierra is at the forefront of this development.
You may also want to consider common stocks in telecommunications companies such as Rogers Communications. The most obvious way to invest in 5G is to buy telecom companies that provide 5G services to consumers. It’s not some fast-growing industry, but it’s one way to get a piece of the 5G pie. Rogers currently has the largest 5G network in Canada, so it has an edge over the rollout of this new standard. This is definitely something worth seeing in the years to come.