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SpaceX (NASDAQ: SPCX) officially entered public markets on June 12 — marking the largest initial public offering in history and making Elon Musk the world’s first trillionaire (1). The listing crushed the previous record held by Saudi Aramco’s $29 billion IPO in 2019 (2).

The rocket and satellite (and now AI, too) company set an IPO price of $135 a share, valuing it at roughly $1.75 trillion, and raised as much as $75 billion (3). SPCX shares climbed nearly 19% on the first day of trading, lifting the company’s valuation to approximately $2.1 trillion.

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Not everyone is rushing to get in on the action, though. In a TikTok video posted Monday, personal finance creator Vivian Tu, better known to her 2.7 million followers there as Your Rich BFF, told viewers to think twice before investing in SpaceX.

“Everybody thinks that the SpaceX IPO is gonna be the hottest party in town. But your friends are not party guests. They’re party favors,” Tu said. “Regular people think they’re getting access, but in reality, you are just some rich guy’s exit strategy.”

Tu, 32, started her career as an equity trader at JPMorgan before leaving Wall Street. She’s since become a New York Times bestselling author (4), a TIME 100 creator and SoFi’s first Chief of Financial Empowerment (5). Tu has built an audience of about 10 million across TikTok and Instagram by making Wall Street happenings more accessible, translating all the busy financial jargon into plain English.

Tu’s first argument is about who’s actually selling. SpaceX has been private for more than two decades, and its earliest backers have been waiting a long time for a payday. “Private investors bought in years ago, and they’ve been sitting on this equity for like a decade. And now they wanna cash out,” she said. “And suddenly, retail investors are allowed to participate? Yeah, you’re gonna participate in holding the bag.”

Then she turned to the financials, and here the company’s own S-1 filing (6) backs her up. SpaceX’s revenue rose just 15% year over year (7) in the first quarter of 2026, to about $4.7 billion. Over the same stretch, losses ballooned: The company posted a net loss of roughly $4.3 billion in the quarter, compared with $528 million (8) a year earlier. That’s more than a sevenfold jump, or a 700% increase, which Tu mentions in the video.

“They’re trying to convince everybody that this company is worth 107 times sales,” she said, citing a figure other analysts have landed on, too. “For context, Meta went public at 28 times sales, but they had 88% revenue growth.”

Indeed, when Facebook (now Meta) made its stock market debut in 2012, its $104 billion valuation (9) sat atop about $3.7 billion in 2011 sales, roughly 28 times revenue. And that revenue had grown 88% (10) the year before the offering. In other words, investors paid up for a company that was still growing fast.

Meanwhile, SpaceX is asking for a far richer multiple while growing far slower.

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SpaceX’s early momentum has already started to cool. After climbing nearly 42% in the first few days after going public, SPCX shares fell almost 5% on June 17 (11). This volatility is a reminder that even high-profile companies can experience sharp swings once they enter the public market.

A financial advisor can help you determine whether a high-growth stock like SpaceX belongs in your portfolio or whether the risks outweigh the potential rewards. By looking at your goals, investment timeline, and comfort with market swings, an advisor can help create a strategy that fits your situation.

According to T. Rowe Price, investors who had a formal financial plan entered retirement with two to four times more wealth than those without one (12).

You can find a qualified professional near you for free through Advisor.com.

All you have to do is enter a bit of basic information, such as your ZIP code and a bit about your financial goals, and

Advisor.com will comb through its roster to match you with a vetted FINRA/SEC-registered expert.

From here, you can then set up a free, no obligation consultation to see if they’re the right fit for you.

While SpaceX has captured investors’ attention, chasing the latest IPO can be risky — especially when a company’s valuation is already stretched.

Instead of focusing only on headline-making IPOs, you may want to explore companies that offer stronger value based on earnings, growth prospects and long-term potential. If you’re searching for potential winners without chasing the latest market trends on catchy IPOs, you’ll need to do more than a little bit of market research. But that takes time that many just don’t have.

Platforms like Moby can help uncover overlooked opportunities.

Rather than spending countless hours tracking markets, you can access insights from Moby’s team of former hedge fund analysts

who analyze financial data, company updates and market trends to uncover potential opportunities.

The platform’s success speaks for itself. The platform’s stock picks have outperformed the S&P 500 index by about 11.9% over the past four years.

Even better, Moby offers a 30-day money-back guarantee so you can see if the service is right for you. And if you sign up for Moby Premium you get one free top stock.

Tu’s second concern is the structure of the deal itself. SpaceX is setting aside as much as 30% of its shares (3) for retail investors, roughly three times the 5% to 10% a typical IPO reserves for everyday buyers. Tu made special mention of Nasdaq’s new fast-entry pathway, announced less than a week ago (13), which lets a newly listed company join major benchmarks far sooner than the old rules allowed. Morningstar confirms SpaceX will qualify for this new rule (14), automatically joining the Nasdaq-100 after just 15 trading days and triggering “forced buying” from funds that track the index.

“It’s kind of like knowing a promoter at the club and being able to cut the line,” Tu said.

The catch, she explained, is that index funds sit inside the retirement accounts millions of Americans rely on. As Moneywise has reported, a broad total-market fund could pick up the stock within a week of the IPO. If your 401(k) holds one, you may end up owning a piece of an unprofitable company without ever choosing to.

“Regular people could end up being the rescue boat for Elon Musk’s currently unprofitable company,” Tu said, “even if they never intentionally bought SpaceX themselves.”

SpaceX did not immediately respond to Moneywise’s request for comment.

The excitement around SpaceX shows how quickly investors can pile into a high-profile stock. But when valuations soar, there’s always a risk that expectations get ahead of reality.

For investors holding an S&P 500 fund, some exposure to SpaceX-related growth themes may already exist through broader market holdings. That can be a benefit during periods of strong performance — but it also means your portfolio could be more vulnerable if certain areas of the market fall out of favor.

This is where a good hedge, or broad diversification, factors in. Instead of relying on a single company or sector, spreading your investments across different types of assets can help smooth out market swings.

Diversification can act as a financial safety net by balancing riskier investments with assets that behave differently during market downturns. That way, you can still participate in growth while protecting yourself from putting too much weight behind one market trend.

If SpaceX represents the excitement of the future, gold represents something much older — stability.

For centuries, investors have turned to gold during periods of uncertainty because the precious metal has historically held its value when traditional markets become volatile. Unlike stocks, gold is not tied to the profits of a single company or the performance of one economy, which can make it a useful hedge during periods of inflation, geopolitical stress or market turbulence.

You can combine the recession-resistant properties of the precious metal with the tax advantages of an IRA by opening a gold IRA with the help of Priority Gold.

And with Priority Gold’s platinum package, you can even get free account setup and insured shipping and storage for up to five years. Plus, you can also roll over your existing IRA or 401(k) into a precious metals IRA with Priority Gold — tax and penalty-free.

The best part? You can download Priority Gold’s wealth preservation guide for free and get up to $10,000 in complimentary silver upon making a qualifying purchase.

Stocks may dominate the headlines, but real estate has been a cornerstone of wealth building for generations.

Unlike stocks, real estate can provide both potential appreciation and income through rent. And because property markets don’t always follow the same path as equities, real estate can help reduce reliance on the performance of the stock market.

The downside? Traditional real estate investing can be complicated. Buying property often requires a large upfront investment, and being a landlord comes with its own headaches — from repairs to tenant issues.

But crowdfunding platforms like Arrived let you own real estate without the burden of mortgages or managing tenants. And you can get started with as little as $100.

Backed by world-class investors like Jeff Bezos, Arrived lets you invest in shares of vacation and rental properties across the country.

To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation.

Arrived distributes any rental income generated by properties to investors monthly, allowing you to potentially set up a passive income stream without the extra work that comes with being a landlord of your own rental property.

The best part? For a limited time, when you open an account and add $1,000 or more, Arrived will credit your account with a 1% match.

Those with more capital on hand have other options, especially if they want to explore verticals outside of residential rental properties. Accredited investors can now tap into this opportunity through platforms such as Lightstone DIRECT, which gives accredited investors access to single-asset multifamily and industrial deals.

Lightstone DIRECT’s direct-to-investor model ensures a high degree of alignment between individual investors and a vertically-integrated, institutional owner-operator — a sophisticated and streamlined option for individual investors looking to diversify into private-market real estate.

With Lightstone DIRECT, accredited individuals can access the same multifamily and industrial assets Lightstone pursues with its own capital, with minimum investments starting at $100,000.

SpaceX may symbolize the future of investing, but some of the world’s richest have built wealth by owning a variety of assets. Most of the assets discussed so far have ties to U.S. markets. The question then becomes, how does an investor diversify outside of America?

The answer is a globally recognized asset class with a low correlation to the ups and downs of the S&P 500. Until recently, it’s also been locked away from retail investors behind a complex network of dealers, brokers and curators.

The asset in question? Art.

Wealthy collectors have historically turned to post-war and contemporary art as a way to preserve and diversify wealth. Because art does not typically move in sync with stock markets, it can help reduce dependence on traditional investments.

That’s where platforms like Masterworks can help connect you with the art world.

Masterworks lets you invest in fractional shares of works by artists such as Banksy, Basquiat, Picasso — depending on availability and hold periods. It may sound surprising, but more than 70,000 investors have followed suit since 2019.

Even better, Masterworks has sold 27 artworks so far, yielding net annualized returns like 14.6%, 17.6% and 17.8%.

Moneywise readers can get priority access to diversify with art: Skip the waitlist here.

*Past performance is not indicative of future returns. Investing involves risk. See important Regulation A disclosures at Masterworks.com/cd.

— With files from Dave Smith

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We rely only on vetted sources and credible third-party reporting. For details, see our ethics and guidelines.

CNBC (1), (3), (11); Reuters (2); Fortune (4), (8); Business Wire (5); U.S. Securities and Exchange Commission (6); Morningstar (7), (14); The Christian Science Monitor (9); Aswath Damodaran (10); T. Rowe Price (12)

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.