We’re all SpaceX investors now – and that’s OK

July 13, 2026 — 5:00am

You have reached your maximum number of saved items.

Remove items from your saved list to add more.

Elon Musk’s SpaceX is one of the most polarising companies in the investing world, as you might expect for a loss-making business led by a divisive billionaire who wants to colonise Mars.

Highly paid experts disagree wildly on what it might be worth. Morningstar valued it at about $US780 billion ($1.1 trillion), roughly half of where it floated last month, while one extremely bullish Wall Street analyst has a price target that would value the company at a staggering $US10.5 trillion.

Australia’s richest person, Gina Rinehart, is a fan – she invested $US1 billion ($1.4 billion) in SpaceX shares last month and heaped praise on Musk (Rinehart is also a prominent backer of conservative causes, as is Musk). On the other hand, billionaire investor and well-known market bear Jeremy Grantham has said there’s a 90 per cent chance the stock will crash.

Despite the divergent views on the company, however, one thing we can be much more confident about is that we’re all highly likely to be exposed via superannuation.

Super funds always find it hard to avoid investing in the biggest listed companies in the world, and SpaceX is no exception. To be fair, most funds will have pretty small holdings at the moment. The average super fund member probably has about $50 in exposure to SpaceX, the Association of Superannuation Funds of Australia has estimated.

Elon Musk’s SpaceX blockbuster gets a market reality check

Stephen BartholomeuszSenior business columnist

Senior business columnist

Super funds will no doubt increase their SpaceX holdings as the company is included in more share indices, such as the Nasdaq 100, which welcomed SpaceX last week.

Does this strike you as peculiar, that retirement........

© The Age