2026-06-09 15:01:43
SpaceX’s IPO could encourage a new generation of investors.
The company, headed by billionaire businessman Elon Musk, is set to IPO on the New York Stock Exchange later this year, and Simon Belsham, the Chief Client Officer at Hargreaves Lansdown, one of the world’s most respected investment platforms, believes it could encourage young people to invest their cash.
He said: “While we recognise this IPO might not be right for everyone, it’s an exciting moment for many of our clients. We’re expecting this might be a first foray into investing for many.”
SpaceX has been billed as a bet on space travel and AI, but Sinead O’Sullivan, an economist who has worked for Nasa in the past, thinks it’s currently difficult to define what the company really is.
She explained: “If we look at the business itself, it’s really unclear as to what business or industry SpaceX is even in.
“The logo, the brand is built on two decades of rocketry but most of the capital expenditure is actually on data centres and an AI company that seems to be more about social media than anything to do with space.
“All of these are just in a kind of conglomerated business under Elon Musk’s name.”
The bankers selling the SpaceX shares have valued the company at $1.75 trillion – which would value it as one of the world’s top ten most valuable firms – but O’Sullivan has questioned the logic of the investment.
She said: “When we look at the massive share price that they are trying to get here, you’re buying a share of the Elon Musk brand more than any kind of space industry.”
Meanwhile, one large institutional investor has questioned the wisdom of buying shares in a company and then allowing one man to run it, regardless of his track record of success.
The investor told the BBC: “The cult of Elon Musk requires disciples to pay a premium for the questionable privilege of having no real say in how the company they own is run. But people seem happy to do that.”
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