SpaceX is about to become the second publicly listed company under Musk, and Tesla may be marginalized.
For years, the only way for ordinary investors to participate in Elon Musk's vision was to buy Tesla stock. However, this situation is about to change, which poses a major risk to Tesla investors. With Elon Musk's space exploration technology company SpaceX starting the IPO process, the market will provide investors with a new entry point into the "Musk economy". Wall Street professionals believe that investors' attention and funds will inevitably shift from Tesla to this newly listed company. Joe Gilbert, portfolio manager at Integrity Asset Management, said, "This is definitely not good for Tesla. We believe Musk's focus will shift more towards SpaceX. Although he has been able to juggle multiple projects in the past, it feels like SpaceX is his 'darling' that he's putting more effort into, while Tesla may be marginalized."
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