Elon Musk becomes world’s first trillionaire, but are SpaceX shares worth buying? – Tech Digest

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Elon Musk has officially breached the final financial frontier. Following the blockbuster initial public offering (IPO) of SpaceX on Friday, a spectacular 19.22% stock surge has pushed Musk’s net worth past the $1 trillion mark – at least on paper.

The highly anticipated flotation saw shares priced at $135, opening at $150 before closing the day at $160.95. At its intra-day peak, the stock reached as high as $176.52. The first-day “pop” cemented the event as the largest IPO in history, driving the company’s total valuation to a staggering $2.1 trillion.

For Musk, this milestone is the culmination of a career built on defying critics. From his early days co-founding PayPal to revolutionising the automotive sector with Tesla, Musk has consistently turned speculative, capital-heavy ventures into dominant market leaders.

SpaceX, founded in 2002 with the seemingly impossible goal of colonising Mars, now stands as the undisputed king of commercial spaceflight.

However, as the dust settles ahead of Monday’s trading session, retail investors are left with a critical question: is the stock still worth buying?

The Case for Buying

• Unrivalled Market Dominance: SpaceX possesses a massive first-mover advantage. Its pioneering reusable rocket technology has left legacy aerospace rivals playing catch-up.

• Recurring Revenue Infrastructure: The company isn’t just about deep-space exploration. Its Starlink satellite internet constellation generated $11.2bn in 2025 alone, accounting for roughly 60% of SpaceX’s total revenue, providing a highly reliable stream of recurring income.

• Retail Accessibility: In a rare move for a tech giant IPO, Musk made 30% of the company’s shares available to the public, offering everyday investors a genuine seat at the table.

The Case Against Buying

• Heavy xAI Losses: The company reported a near-$5bn loss last year, largely driven by heavy infrastructure spending on xAI, which lost a net $6.36bn. Investors are heavily exposed to a volatile artificial intelligence market.

• Overwhelming Control: Musk has retained 82% of SpaceX shares. Public shareholders will have virtually no voting power or say in how the company is steered.

• Post-IPO Hype: With the valuation jumping from an initial $1.8 trillion to $2.1 trillion in a matter of hours, much of the future growth is already priced in. Profit-taking on Monday could easily trigger a short-term correction.

The Verdict: While SpaceX is undoubtedly the most thrilling growth story right now, chasing the Friday hype on Monday morning carries immense risk, and conservative investors may want to wait for the orbit to stabilise.

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