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'A lot has to go right': Expert raises questions over whether SpaceX IPO will live up to promise

Author
Newstalk ZB,
Publish Date
Sun, 14 Jun 2026, 11:05am
Elon Musk. Photo / File
Elon Musk. Photo / File

Questions over whether SpaceX will live up to its colossal share price. 

Shares soared above $160 US dollars as the rocket, satellite and data centre company hit the market yesterday. 

It's sent Elon Musk skyrocketing to trillionaire status - a world first.

Eric Berger, who's authored two books about Musk, says it's still a risky investment for those buying in - partly due to Musk's erratic personality.

"You're betting on the company being able to get Starship, the rocket, flying rapidly and safely - and then build an enormous consolidation of data centres in space." 

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