As Elon Musk’s SpaceX prepares for what is expected to be the largest initial public offering in history, investment professionals remain divided on whether retail investors should rush to buy shares when trading begins.
The company is targeting a valuation of roughly $1.75 trillion and plans to raise about $75 billion in its public debut, making it one of the most closely watched IPOs in recent years. The offering has generated enormous interest among investors drawn to SpaceX’s dominance in satellite communications, rocket launches, and future space exploration ambitions.
READ: SpaceX’s AI revenue could jump 100x by 2030, Goldman Sachs says (June 4, 2026)
Yet despite the excitement, many market professionals are urging investors to proceed carefully.
According to a Business Insider survey of eight investment professionals, only two said they would consider buying SpaceX shares at the IPO price, and even then only with limited exposure. Most recommended waiting until the stock begins trading publicly and the initial enthusiasm subsides.
SpaceX’s IPO structure has also attracted attention. Unlike traditional offerings, the company set a fixed share price before completing investor roadshows. Reuters reported that SpaceX is also allocating an unusually large portion of shares to retail investors while maintaining governance provisions that preserve Musk’s control of the company.
The IPO is expected to test what some analysts call the “founder premium,” the additional value investors assign to companies led by high-profile entrepreneurs. Supporters argue that Musk’s track record at Tesla and SpaceX justifies investor enthusiasm, while critics question whether expectations have become too optimistic.
Some valuation experts have argued that the company’s target valuation may be difficult to justify based on current financial performance. Independent estimates cited in recent reports place SpaceX’s fair value significantly below its proposed IPO valuation.
READ: Oppenheimer says SpaceX and Starlink could upend the telecom industry (June 3, 2026)
The debate has also reached retirement investors and financial advisers. While some retirees worry that SpaceX’s massive market debut could affect broader portfolios, advisers note that most retirement accounts will initially have limited exposure because major indexes typically add newly listed companies gradually.
For now, the consensus among many investment professionals appears clear: SpaceX may be one of the world’s most influential private companies, but excitement alone is not enough reason to buy at any price.
With trading expected to begin this month, investors will soon discover whether enthusiasm for Musk’s vision can support one of the most ambitious valuations ever assigned to a newly public company.