By Yahoo Finance
Publication Date: 2026-05-22 21:05:00
With the SpaceX (SPAX.PVT) public offering right around the corner, targeting a $1.8 trillion valuation, more attention is being paid to the “Musk premium.”
That is the view that Elon Musk’s companies are worth more than their fundamentals suggest because investors are willing to buy into Musk’s ambitious vision for the future — humanoid robots, driverless cars, commercializing space, and making humanity multiplanetary.
To date, most of that Musk hype has flowed into Tesla (TSLA) stock; after all, Musk has grown the electric vehicle maker into a $1.6 trillion company. But when given a second option — SpaceX stock — will investors divert some of their cash toward Musk’s rocket company?
“I think right now you’re going to see more of investors … laser-focused on SpaceX because of the view this is the new category that’s being created,” Wedbush Dan Ives said.
SpaceX isn’t the only mega IPO coming to market either. Ives noted that when it comes to Anthropic and OpenAI, “I don’t think investors are just going to pick one. I think you’re going to have to stay hedged relative to the different sort of freight trains that are going on…”
More broadly, however, Ives stated that the move by these companies to public markets “further cements the tech trade.”
“When you’d even think from an indexing perspective, and more and more generals are going to have to have exposure, … that just makes tech that much more, I think, front and center in terms…
