Earlier in this thread, there were questions about how an investor could gain indirect exposure to SpaceX. I personally hold Stack Capital Group, Inc. (Toronto: STCK) in my portfolio, which has ownership in SpaceX among others. I am seriously considering whether I should exit this position now that the company’s valuation has surged nearly 200% in six months due to the SpaceX IPO hype. Riding along with Elon Musk’s visions with my own money doesn’t feel particularly attractive for several reasons. However, STCK’s share in my portfolio is quite marginal, so in 그 respect, I can still afford to follow the stages of this drama for a while longer.
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Valtteri Ahti wrote about Space X.
Elon Musk’s ownership of SpaceX is approximately 42 percent of the company’s shares and 85 percent of the voting power. The voting power is completely exceptional, but the ownership reveals what a SpaceX investment is ultimately about: an investment in the company is an investment in Musk’s vision and leadership.
SpaceX’s fundamentals look stark and the valuation expensive. The company is putting everything into the future – the next-generation rocket and AI models. Tesla’s journey on the stock market has shown that the fundamentals of Musk’s companies and their stock prices have very little to do with each other. Instead, the stock price has been a barometer of faith in Musk’s visions. This will also be the case with SpaceX.
SpaceX is Musk’s story, and even he doesn’t know everything it will contain: a colony on Mars, data centers in space, and perhaps a merger with Tesla. It is certain that Musk’s visions will change along the way. By investing in SpaceX, you are investing in Musk. For better or worse.
Estimated reading time 7 minutes
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Does anyone have more detailed information on how to get ownership for a child in an IPO (or after the IPO)? You can’t buy direct shares for a child in the US, and it looks like the listing will only be on the US Nasdaq. I would have been interested in picking up a single share of this outfit for a child’s “18th birthday” portfolio.
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You buy one yourself and then donate it to your child in due course.
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Damodaran has updated his analysis regarding the SpaceX IPO.
Damodaran hasn’t changed SpaceX’s valuation much, but he now views the story as bigger and riskier than before. His new fair value range is approximately $1.25–1.3 trillion, while the rumored IPO pricing is around $1.8 trillion. Therefore, as an investor, he considers the stock too expensive, although momentum might offer opportunities for a trader.
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Henri Huovinen wrote a quick read about SpaceX that takes just a few minutes 
Subheadings:
- Investors warn against chasing the hype
- Stock exchange operator receives praise
- The largest IPO in history is approaching
- Bank analysts project staggering growth figures
- Space business remains overshadowed by AI
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Another new mega-deal, this time with Google:
https://www.reuters.com/business/media-telecom/spacex-signs-cloud-deal-with-google-2026-06-05/
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According to the agreement, the sold capacity must be available by the end of September 2026. One can presumably assume that the data centers will therefore already be completed by then. This, in turn, would mean that SpaceX has accumulated excess capacity. This seems somewhat contradictory. Generally, data centers have been considered the AI bottleneck. Is that not the case after all?
Or is it a matter of weak demand for Grok versus strong demand for Gemini and Claude (referring to the earlier Anthropic deal)? At the very least, it would seem that SpaceX has invested in data centers ahead of schedule.
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Grok’s new models are currently in training at the new Colossus 2, and the current Grok isn’t at the level of the top-tier models → less need for inference capacity → it’s leased to others until internal need arises. If that doesn’t happen, others seem to have plenty of demand. A win-win for SpaceX.
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