SpaceX has become the world’s first trillion-dollar company, a landmark valuation that has delivered substantial gains for British investors. The aerospace manufacturer, founded by Elon Musk, achieved the milestone after its latest funding round, which valued the company at $1.2 trillion. UK-based pension funds and institutional investors, who hold significant stakes in the firm, have seen their holdings increase by billions of pounds.
The valuation reflects SpaceX’s dominance in the commercial space sector, driven by its Starlink satellite internet service and reusable rocket technology. Starlink now accounts for a majority of the company’s revenue, with over 4 million subscribers globally. Analysts attribute the surge in valuation to the network’s expansion in underserved markets and new contracts with government agencies.
Prime Minister Rishi Sunak’s government has welcomed the news, citing it as evidence of the strength of UK capital markets. The London Stock Exchange has seen a rise in technology listings, though SpaceX remains privately held. UK shareholders include the Universities Superannuation Scheme and the BT Pension Scheme, both of which have reported significant returns.
Critics, however, have raised concerns about market concentration and the influence of a single entity in the space industry. The US Federal Trade Commission is reportedly examining SpaceX’s market position. Nevertheless, the company’s growth shows no signs of abating, with plans to launch a Mars mission within the decade.
For British investors, the windfall comes amid a period of economic uncertainty. The valuation has bolstered portfolios and may encourage further investment in space technology. Experts caution that high-growth companies carry risks, but for now, the returns have been exceptional.
