At US$165 per share, SpaceX is no longer "cheap". It is trading around the initial target price set by some analysts and implies a valuation above US$2 trillion. Analysts' opinions range from US$165 to US$190, while bullish scenarios reach US$330. Barron's +1 Is SpaceX worth US$165? It depends on your investment horizon. Bullish case Dominant position in launch services. Fast-growing Starlink business. Potential AI and data center opportunities. Strong leadership under Elon Musk. Investors are valuing SpaceX as more than a rocket company. Barron's +1 Bearish case
Current valuation already exceeds US$2 trillion. SpaceX is still not consistently profitable. Expectations for future growth are extremely high. Any slowdown in Starlink or Starship development could lead to a sharp re-rating. From Reuters.
Therefore, at US$165, SpaceX appears to be priced for substantial future growth. For long-term investors who believe in the company's vision over the next 10–20 years, it could still be attractive. For value-oriented investors, the current price may be considered expensive.
Will Malaysian fund companies invest in SpaceX? Yes, but probably not immediately and not heavily.
Large Malaysian fund houses such as: Public Mutual Principal Asset Management Kenanga Investors Eastspring Investments may eventually gain exposure through: Global technology funds. US equity funds.
Holdings in ETFs or index funds if SpaceX becomes part of major indices. However, Malaysian unit trust funds usually: diversify rather than concentrate; have limits on individual holdings; require sufficient liquidity and a proven track record before building meaningful positions.
