5 Reasons SpaceX Stock Could Be the Next Apple or Nvidia
SpaceX is preparing to go public on June 12, trading under the ticker SPCX. It’s expected to be the biggest initial public offering in history. The company is targeting a $1.75–$2 trillion IPO valuation, with $18.7 billion in 2025 revenue.
Many investors are wondering if SpaceX stock could be the next Apple or Nvidia.
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MoneyLion reached out to investing experts to hear their thoughts. Many of them are positive about SpaceX, and here’s why.
It Has Built the Same Kind of Infrastructure Moat
SpaceX has followed in Apple's footsteps, building an ecosystem that its competitors can’t replicate without starting from scratch.
"SpaceX has created a moat by owning the infrastructure layer for the new world, much like Apple did for the smartphone world," says Cody Schuiteboer, president & CEO of Best Interest Financial. "Having control of the infrastructure means that you control what passes through it, just like how fiber optic cable owners collect a toll for each piece of data that is sent."
Igor Pejic, tech investing strategist and author, adds, “Just like Apple (hardware + software + services), SpaceX (rockets + satellites + engines + Starlink) has mastered vertical integration and full-stack control. This enhances speed and quality, but above all, builds a strong entry barrier and is thus the basis for a highly profitable business model.”
Starlink Could Become SpaceX's iPhone Moment
When Apple launched the iPhone, it only sold a device. Since then, the brand has created an ecosystem of recurring revenue. Starlink, the satellite internet business owned and operated by SpaceX, will likely be its "iPhone moment." Starlink’s current revenue represents more than half of SpaceX’s revenue. With more than 10 million subscribers globally and continued demand growth in remote areas, this could mean more growth.
“SpaceX has built a dominant position in its industry the way Apple did with smartphones. They've revolutionized rocket launches with reusability and now control a huge chunk of the market,” said Jörn Kleinhans, tax and investment strategist at Scorpio Tax Management. “Starlink is possibly turning into their ‘iPhone moment,’ a consumer product that could reach millions of households worldwide with high-speed internet.”
Its Margin Story Looks a Lot Like Nvidia's
Nvidia didn’t become the most valuable company in the world because of the surge in AI demand. The chipmaker’s margins expanded as volume scaled, a similar dynamic SpaceX built into its cost structure.
"SpaceX has launched over 200 missions using reusable rockets, allowing the company to save over 30% on its launch costs," Schuiteboer explained. "The margins increase as its scale and operations grow."
Pejic also adds that, "Just like Nvidia with AI, SpaceX is not only the pioneer in its field but has an unrivaled position in infrastructure. If SpaceX manages to build AI data centers in space and radically cut the energy costs of AI compute, it will upend the entire AI race."
Government Contracts Give It Predictable Revenue
SpaceX is the leading launch provider for NASA and other companies are looking to develop President Donald Trump's ‘Golden Dome’ missile-defense shield. This could mean multi-year contracts, which translates into reliable, foreseeable revenue, something that its competitors don’t have.
According to Schuiteboer, “The U.S. government and defense department are growing increasingly dependent on SpaceX, with many aerospace contractors signed to multi-year contracts, giving the company a very predictable revenue outlook." Not to mention that the space economy is projected to hit $1.8 trillion by 2035.
The xAI Wildcard Could Change Everything
Not all divisions owned by SpaceX are profitable. For example, xAI consumed 61% of the company's capital spending in 2025, with a huge chunk going into AI infrastructure. xAI reported an operating loss of $6.4 billion in 2025, up from $1.6 billion in 2024.
Nic Puckrin, analyst and co-founder of Coin Bureau, says, "SpaceX could be the next Apple or Nvidia if it focuses on the two parts of the business it does best, where it is the undisputed leader in the market. I'm not certain if all the IPO money goes toward xAI."
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This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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