Bluesky Stock: Who Owns Bluesky, and will it IPO?

Learn about Bluesky stock shareowners and the potential for individual investors to acquire private shares before an IPO.

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Notable Bluesky News

01/07/2025: Bluesky valued at $700 M in new funding round
12/16/2024: Mark Cuban: “Not yet, but I’m working on it”
12/09/2024: Bluesky teases paid subscription, Bluesky+
11/22/2024: Bluesky’s user surge could spark new investment
Older news…

About Bluesky

Bluesky is a decentralized social media and microblogging platform similar to X (Twitter) and Meta’s Threads. 

It aims to give users more control over their online identities, data, and feed algorithms that shape the user experience. Bluesky is one of the most notable implementations of Web3, which prioritizes decentralization, transparency, and user empowerment. 

The once buzzy technology term fell off of people’s radar when AI exploded, but Elon Musk’s X modifications have left many users seeking algorithmic choice. 

Former Twitter CEO Jack Dorsey started Bluesky as an experimental project in 2019. It was spun off in 2021 before Musk bought Twitter. 

Bluesky uses the Authenticated Transfer Protocol (AT Protocol), which enables interoperability across different platforms, user accounts and data portability, and custom algorithm choices for personalized feeds.

Most popular social media platforms operate under a centralized infrastructure — in-house servers. Bluesky runs on the AT Protocol ecosystem and a support network of independently operated servers communicating with one another.

Decentralization reduces control by a single entity and promotes diverse governance models. Users can move their followers between platforms within the AT Protocol ecosystem if desired. 

Ownership

Bluesky is a privately owned public benefit C Corporation.

CEO Jay Garber and a team of employees and Board members are the primary company owners. However, Bluesky has issued equity to venture capital investors as it raised funds to fuel its surging late-2024 growth. 

On October 24th, 2024, the company announced a Series A funding round that raised $15 million. Series A investors included Blockchain Capital, Alumni Ventures, True Ventures, SevenX, Amir Shevat (Darkmode Ventures), and Joe Beda (Kubernetes).

They join 2023 Seed round investors Bob Young (Red Hat), Amjad Masad (Replit), Heather Meeker, Jeremy Johnson, Outset Capital, Mana Industries, Automattic, Protocol Labs, Katelyn Donnelly, Ali Evans, Stav Erez, Kris Nóva, Brad Fitzpatrick, Atlas Benjelloun, and Abdul Ly. Shevat and Beda invested in both rounds. 

The Bluesky equity ownership percentages are not public information.

Garber has called Bluesky “billionaire proof”, as the platform’s foundational technology allows users to exit and takes followers with them, discouraging the kind of takeover Elon Musk executed at Twitter. 

On a podcast in December 2024, Jules Terpak asked Mark Cuban if he was an investor in Bluesky. His reply: 

Not yet, but I’m working on it. 

Funding Rounds

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Valuation

Bluesky’s October 2024 Series A round did not disclose a valuation. The company is rapidly growing, doubling its user base in November 2024 after the U.S. Presidential election outcome. 

However, we can not identify a verifiable Bluesky valuation until securities filings become available, reporting leaks a target valuation, or the company discloses a valuation with the next funding round. 

In November 2024, Axios reported that Bluesky is receiving “inbound interest for a large new investment round”. 

Access IPOs estimates the Bluesky valuation to be between $100 million and $500 million as of early December 2024 but could easily jump to unicorn status ($1 billion) if growth continues and another private round is completed. 

IPO Potential

It is premature to be thinking about the Bluesky IPO date. The timeline is unknown and likely at least three to five years away if it happens at all. 

As a public benefit corporation, Bluesky can balance profit-making with a stated public benefit purpose, such as promoting algorithmic choice and positively benefiting society. 

Public benefit corporations can go public. Warby Parker, another public benefit corporation, IPO’d in 2021.

However, Bluesky is a long way from going public. It must first handle the surge of new users while continuing to attract more users and build functionality. 

The company must also strengthen verification methods, establish a revenue model, invest in employees and IT, and build the infrastructure needed to support a high-profile and regulated company.

All of these activities will require additional venture capital funding, and we expect Bluesky to raise another round of private funding within six months of the November elections.

Platform users, many of whom were disappointed in the 2024 election outcome, may scoff at the idea of a Bluesky IPO, believing profit-driven decisions led to the usability issues at X and Threads (namely, link throttling, excessive low-quality ads, and algorithm annoyances). 

However, to thrive as a company and continue delivering on its core values, Bluesky must balance profitability and user satisfaction. 

Bookmark this page for the latest Bluesky stock and IPO news.

How to Invest in Bluesky Stock

As of late 2024, Bluesky is a small private company with limited opportunities for private investment.

The company’s valuation is below $1 billion — the typical baseline valuation for ordinary investors to find investment opportunities.

As Bluesky grows its user base, adds new investors, and gains pre-IPO value, we may see private shares become available. 

1. Monitor Pre-IPO Platforms for Availability

Pre-IPO investment platforms may offer Bluesky stock for early purchase as employees or early investors seek to sell some of their shares before an IPO. 

Accredited investors may access direct private ownership on various platforms, but shares must first be available. As a sub $1 billion market cap company, I do not expect to see Bluesky share availability until later venture capital rounds are complete (Series B or C)

Still, monitor pre-IPO investing platforms such as Linqto, Forge Global, EquityZen, and Hiive for share availability. 

Minimums on these platforms range from $2,500 to $50,000 or more. It’s free to open accounts to access data and deal alerts. 

Non-accredited investors can own pre-IPO companies via venture capital funds. The Fundrise Innovation Fund (review) is the most promising for patient, long-term investors. Bluesky is not currently held in the Fund.

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

2. Participate in the Bluesky IPO

IPO investors may find opportunities to invest during an eventual initial public offering, acquiring shares at the IPO price before the stock begins trading.

Formerly exclusive to Wall Street’s best customers, IPO access is now more attainable to retail investors.

Online brokers, including the ones listed below, give customers free access to IPOs, even with low account balances. 

• TradeStation 
• Robinhood 

TradeStation has a more established track record of accessing more than 400 IPOs and secondary offerings via its partnership with Click Markets.

Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs, making it a good candidate for the Epic Games IPO. 

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

Bluesky users could be eligible to invest if management allows a directed share program. This would be disclosed in the S-1 filing. 

3. Buy the Stock after the IPO

Since acquiring IPO shares is almost always challenging for individual investors, the most likely way to ever own Bluesky stock is to wait for the IPO or SPAC to complete. 

However, because an IPO or SPAC is unlikely, acquiring Bluesky shares will be nearly impossible for ordinary investors in the coming years. 

Bluesky is not yet a profitable company. If and when it achieves profitability or substantial revenue growth worthy of Wall Street’s attention, the CEO and Board members may consider issuing shares on public U.S. markets.

Frequently Asked Questions (FAQs)

Is Bluesky stock publicly traded?

No. Bluesky is a private company. It is not yet investable due to its small size and small share float. 

What is the Bluesky stock price?

Since Bluesky is not publicly traded on a stock exchange, it has no public stock price yet.

Furthermore, we cannot estimate the value of one share of Bluesky stock because the details have yet to be disclosed. 

What is the Bluesky stock symbol?

We will learn what the Bluesky stock symbol is once the company releases its SEC S-1 filing to the public. It is a long way from that milestone, and it will face existential challenges and growing pains first. 

Until then, we can only speculate on what the Bluesky ticker symbol would be. 

Here is the most likely Bluesky ticker symbol:

• BSKY

Can you Invest in Bluesky Stock Now?

Probably not.

There are no indirect options to invest, and with a small share float of a young and fast-growing startup, it is unlikely any current shareholders would liquidate until the value rises. 

Where can I find the Bluesky S-1 Filing?

A Bluesky S-1 filing will not be available until the company decides to list shares in the U.S., which is far from certain at this stage. 

You can find a real-time SEC feed of the latest IPO filings from other companies on the recent S-1 filings page.

Bluesky News Archive

11/21/2024: CEO Jay Graber says X rival is ‘billionaire proof’
10/24/2024: Bluesky Announces $15 Million Series A
05/25/2024: Interview with Bluesky CEO Jay Garber
05/05/2024: Bluesky confirms Jack Dorsey is no longer on its board
08/16/2021: Jay Garber to Lead Bluesky
12/11/2019: Jack Dorsey announces a new research team called Bluesky

Conclusion

Bluesky represents a bold experiment in decentralized social media, giving users much-wanted control over their online experience and data.

With its foundation on the AT Protocol, Bluesky is a growing alternative to traditional platforms like X and Threads, where centralized algorithms often dictate user experiences.

Journalists and bloggers have flocked to Bluesky because it encourages link sharing, which most of the established social media giants throttle to keep users ‘sticky’ on their platforms. 

The platform has rapidly gained momentum, especially following dissatisfaction with recent social media trends and election results. While Bluesky’s valuation remains speculative, its potential to disrupt X and Threads is undeniable, drawing comparisons to the early days of Twitter and Facebook.

The road ahead will be challenging, requiring the company to refine its infrastructure, expand its user base, and establish sustainable revenue streams and operating standards.

A Bluesky IPO is distant if it ever commences. The company can commit to balancing profit with social good as a public benefit corporation.

At this stage, those looking to acquire Bluesky stock should look elsewhere for investments until a valid business model generates revenue and additional venture capital rounds raise its valuation and bring liquidity to early shareholders.