Published 11 June 2026
With the Initial Public Offering (IPO) of shares in Elon Musk’s SpaceX coinciding with the release of Toy Story 5, you might be wondering whether shares in SpaceX will go to ‘infinity and beyond’ and how to join the ride.
At Octopus Money Direct, we are not participating in the IPO directly. However, some of our funds are expected to gain indirect exposure to SpaceX over time. That means you could own a small part of the company alongside the many other companies held within your Octopus fund(s).
That indirect exposure is expected to be limited. Only a small part of SpaceX is being listed, just shy of 5%, so although the IPO price of $135 per share implies a total valuation of $1.75 trillion, the company is likely to be a relatively small component of US and global stock market indices, which are based on investible market values.
A bet on the future
Anyone participating in the IPO is buying into the long-term potential of the business rather than a profitable enterprise today. Annual losses are currently in the billions of dollars, driven by major investment in deep space exploration R&D and AI functionality, including xAI and X, formerly Twitter. Starlink is profitable, but its revenues are outweighed by investment elsewhere in the business. In short, investing in SpaceX is a bet on the future, and not without risk.
The massive investment being made by SpaceX is part of trillions of dollars being invested worldwide in AI capabilities, including chip manufacturing and datacentres, which in turn drives investment in energy infrastructure, including renewables.Whilst it is not clear how the conflict will be resolved, the US are unlikely to stop until they can present some kind of victory, and that will likely be linked to degradation / elimination of Iran as a nuclear threat – which is to all intense purposes, where we were last year.
How will our funds invest?
Our four multi-asset funds — Defensive and Growth Funds 1–3 — plus our Global Share Funds are fund-of-funds. They invest across a wide range of markets, including US shares, so investors already have exposure to companies such as Nvidia, Microsoft and Apple, which are at the forefront of AI development.
In the US, we currently invest through underlying funds from Aberdeen, iShares and L&G. The Aberdeen Evolve American Equity Index Fund, held by all our multi-asset funds, tracks an ESG-enhanced MSCI US index. With quarterly index updates and rebalancing, we expect our funds’ first investment in SpaceX to come at the end of the August rebalance.
Even then, investors should keep the expected exposure in perspective. Because only a small part of SpaceX is being listed, it is likely to represent only a small part of the index. While its total implied value might make it appear to be a top ten company, it is unlikely to rank in the top 100 by shares available to be traded, which is what stock market indices are based on.How should investors react to such events?
What does it all mean?
So, whilst you might be able to tell your friends and family you own a little bit of SpaceX (to go with your Nvidia’s and Apple’s), it might be only a bolt or two on one of the starlink satellites.
We hope the information in this article is useful, but it isn’t financial, personal or tax advice. If you’d like advice, Octopus Money can provide professional help. Remember, the value of investments can go up and down, so you may get back less money than you put in.
You should think of investing as a medium to long-term commitment – so be prepared to invest your money for at least five years. Tax depends on your individual circumstances and the regulations may change in the future.
