Here's What a $1,000 Investment in SpaceX's IPO Would Be Worth Today -- and What Could Come Next

SpaceX went public on June 12, priced at $135 a share, opened at $150, and trades around $170, valuing the company at roughly $1.77 trillion and making it the biggest IPO in history. The offering floated less than 5% of shares, while up to 30% was allocated to retail investors, broadening participation beyond institutions. A hypothetical $1,000 investment would have bought seven shares at the IPO price and six at the opening price, illustrating the intense initial demand. However, the author argues the stock may not sustain its rally: the valuation sits around 95 times 2025 sales, potentially over 100, and SpaceX remains unprofitable as AI and space investments burden profits from Starlink. The stock’s low float and Elon Musk’s 82% voting stake reduce investor influence, suggesting volatility may ease only slowly while the upside remains uncertain.