Joseph Grinkorn: Elon Musk Could Turn SpaceX Into the Next Tesla Success Story

Key points

• SpaceX listed on June 12, 2026, pricing at $135 and closing its first day at $160.95, a valuation above $2 trillion, according to the release.
• The shares reached $225.64 four days later, fell to about $108 as short sellers moved in and employee shares unlocked, then recovered to around $148.
• The release cites Starlink at 12 million active customers in more than 160 countries by June 2026, up from 9 million nine months earlier.
• Grinkorn points to Tesla as the precedent: its stock rose 743% in 2020, and its market value passed $1.19 trillion by the end of 2021.
• His conclusion is that doubting Musk has historically been costly, and that SpaceX could become one of the defining companies of the next generation.

“Investors should be extremely cautious about shorting SpaceX.”

Views expressed are those of Joseph Grinkorn, are forward-looking, and do not constitute investment advice or an offer to buy or sell any security.

← In the News