SpaceX takes off on the stock market: Elon Musk is now a trillionaire

However, the test for the space and AI stocks will only come in a few weeks. Because initially only people came to the stock exchange 5 percent or 555.6 million of the company’s shares. The company was included in the IPO 1.8 trillion dollars rated with a volume of 75 Mrd. Dollar it was the largest IPO in the world to date.

Index funds, such as those from FTSE and MSCI, will soon also contribute to the turmoil surrounding shares. They changed their rules to be able to quickly add SpaceX shares to their indexes. This is driving demand and should also ensure price increases in the next few weeks.

Doubts about evaluation

Doubts about the valuation of the company, which in the stock market prospectus reported sales of slightly less than last year 19 Mrd. Dollar and a loss of 4,3  Mrd. Dollar shows have recently grown. Morningstar analysts came with a calculated valuation of 780 Mrd. Dollar not even half the amount.

Other analysts also made significant cuts. Conventional parameters, such as the price-earnings ratio, reach their limits at SpaceX.

Warning of “crash landing”

Florian Beckermann from Austrian Investors’ Interest Association (IVA) warned of a “crash landing” for the stock. The euphoria on the markets is fueling speculative purchases. “Inexperienced investors in particular run the risk of entering near a market high and then suffering significant losses,” says the investor advocate. The paper was not offered in Austria in the run-up to the IPO. Anyone who wanted the share had to go to brokers in third countries.

Beckermann also sees SpaceX founders as a threat to the course Elon Musk himself, who also attracted attention with a Hitler salute. His statements, political controversies and legal disputes could have a significant impact on the price, according to the investor advocate.

Lots of imagination

SpaceX’s fundamentals require a lot of imagination. So far, the company has only made money from its Starlink satellite network. In 2025 it was more than 7 billion dollars. In the future, the satellite swarms could form the basis for a global mobile phone network. Other areas of the company are making serious losses.

The AI ​​business including the planned Data centers in space Although it is valued at hundreds of billions of dollars, there is not much to be seen yet. The AI ​​chatbot Grok lags behind the competition and is considered unreliable. Musk’s plans to colonize Mars are described by experts as “delusion” dismissed.

Retention periods expire

End of August there could already be a wave of sales. The retention periods for SpaceX managers and employees will then gradually expire. At least round 4.400 The company calculated that some of them could become millionaires through the IPO New York Times before.

Investor advocate Beckermann advises not to allow yourself to be infected by the “social media euphoria”, to check the data carefully and only invest if a financial loss could be tolerated.