My $135 SpaceX investment rollercoaster continues as Elon Musk becomes trillionaire again
We all know that the stock market can be a fickle mistress, with some saying it's little more than gambling with your money. It's important to note that stocks are a long game, with there being plenty of examples of how holding onto an investment from years ago can grow into a whole orchard of fruit further down the line.
That's easier said than done when you got in on the ground floor of Apple or can reap the rewards like NFL's Rob Gronkowski did with his forgotten investment, but unless you have a time-travelling DeLorean, it's a case of taking a punt and hoping the money soon comes flowing in.
In terms of the best-performing stock of the past 25 years, Monster Beverage is a surprising winner as the biggest (thanks to rebranding as an energy drink), with Apple coming in second as the iPhone has helped push it to astronomical highs. Nvidia is third as artificial intelligence has continued to boom, while the top five is rounded off by Amazon and Axon Enterprise.
As the tech scene soars, is it any surprise that most of the biggest movers and shakers have been in this sector? With this in mind, there was plenty of hype surrounding SpaceX's debut on the stock market.
The highs and lows of the SpaceX IPO
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It's no secret that Elon Musk is the richest man in the world, and while he briefly crossed the line to become the world's first trillionaire, his success was short-lived as SpaceX stock tanked. We saw Musk's net worth fluctuate in 2025, pushed mainly by Tesla boycotts and a lack of confidence from investors as he turned his attention to politics with the Department of Government Efficiency.
As for SpaceX, it hit headlines for its record-breaking initial public offering valuation of $1.77 trillion and quickly surged past $2 trillion on its first day of trading.
This humble journalist doesn't pretend to be a Wall Street pro, but with a little bank of tech companies already under my belt in my meager stock portfolio, I decided to give SpaceX a go as I bought a single share for $135.
You might've read my previous article about how I'd made an impressive $77 in just two days, although that smile was soon wiped off my face when Musk lost his trillionaire status alongside $305 billion in a week.
Things only got worse as SpaceX wiped out $1 trillion during seven straight days of losses, and for many, they abandoned ship there.
SpaceX stock plummeted for a variety of reasons, including the fact that less than 5% of shares were available for public trading pushed us to a seemingly unsustainable peak of $225.
There were high hopes that Starship's first successful launch would put us back on track, but again, stocks fell due to the post-IPO lockup expiring on September 24.
Jump forward to October 2026, and we could finally be shooting for the stars once again. Where do my SpaceX stocks sit now?
As of October 6, 2026, Elon Musk has regained his trillionaire status, and Morgan Stanley has suggested SpaceX stock was undervalued following the Starship launch.
Added to this, the company has undergone further changes as Musk claimed SpaceXAI would be renamed SpaceXSI in the aftermath of President Donald Trump decreeing that “artificial intelligence” should be referred to as “super intelligence.”
On October 5, Musk's net worth leaped $30.6 billion from the previous day of the markets being open on Friday. He now boasts $1.046 trillion, while Amazon's Jeff Bezos is a distant second with $371.1 billion.
It's not just Musk's bank balance that's looking a little healthier because, at the time of writing, my SpaceX stock is sitting at a much more respectable $173.45. While that's still some way off that $225 peak, it's a welcome bump from an August 10 low of $103.17. For those who've held onto our SpaceX stock, a $35 rise in just a week is plenty to be happy about.
My mere $135 might be nothing to write home about, but just imagine if I'd invested $1,350 and had made $350 in the same period.
The jury's out on what's next for SpaceX stock, although key upcoming events include Flight 15's potential mid-air 'ship catch' and Q3 earnings painting a clearer picture of where things are up to. Additional share unlocks on October 9 and 24 could add short-term selling pressure and volatility, but for me, I'll be holding onto my little investment for a little longer.