Market Analysis Stock Picks Market Insight Crypto Stocks to Buy Hot Stocks It might prove surprisingly easy to get in before SpaceX does. Listen to the audio version of this article (generated by AI). Imagine you own a small, successful restaurant chain. A couple of neighborhood locations with dedicated fans and decent lines that are never too long or too short. Then, your whole town decides your business is worth $250 million… and hands you $15 million to go prove it. That’s probably why Elon Musk seems so frazzled in recent interviews.

The world’s richest man was essentially given the same mandate by investors in Space Exploration Technologies Corp. (SPCX), scaled many times larger. The mammoth initial public offering raised $85 billion in cash for his company… and investors are now demanding that the company be worth somewhere north of $1.5 trillion. To fulfill that promise, Musk is implementing a familiar Big Tech tactic: Use acquisitions to juice internal growth. In early June, SEC filings revealed Musk had personally spent at least $1 billion to buy APR Energy, a company focused on powering AI data centers. Then on June 16, SpaceX bought AI coding platform Cursor for $60 billion – a roughly 100% premium to that startup’s last private valuation.