SpaceX's public debut pushed Elon Musk's net worth past $1 trillion. Democratic lawmakers immediately called for higher taxes on the ultra-wealthy. The TSLA Alpha Score sits at 30/100.
Alpha Score of 30 reflects poor overall profile with weak momentum, poor value, weak quality, weak sentiment.
SpaceX began trading at $135 per share in its initial public offering before opening at $150, lifting the company's valuation to nearly $2 trillion. The debut pushed Elon Musk's estimated net worth to roughly $1.1 trillion, making him the world's first trillionaire.
Musk's fortune is anchored by his roughly 38% stake in SpaceX, valued at about $765 billion. His holdings in Tesla account for another $276 billion, with additional wealth from Neuralink and The Boring Company.
The milestone drew immediate criticism from Democratic lawmakers who argued it highlights growing economic inequality.
California Gov. Gavin Newsom wrote on X that Americans are struggling with rising costs while Musk's fortune grows, adding that "the system is rigged."
Sen. Bernie Sanders focused on Social Security taxes, arguing a trillionaire should not face the same taxable earnings cap as workers making $184,500 annually. "Today, Elon Musk, a trillionaire, pays the same amount into Social Security as someone making $184,500," Sanders said, while promoting legislation to lift the cap on taxable income.
Rep. Alexandria Ocasio-Cortez criticized opposition to higher taxes on the wealthy while many Americans face rising health care costs. Sen. Elizabeth Warren renewed her push for a wealth tax, noting the typical U.S. household would need more than 11 million years to accumulate wealth comparable to Musk's fortune.
New York City Mayor Zohran Mamdani posted on X: "Reason #1,000,000,000,000 why we should tax the rich."
SpaceX shares closed at $160.95 on Friday, up 19.22% for the day, and climbed another 3.67% to $166.85 in after-hours trading.
The political pushback raises a practical question for holders of SpaceX and Tesla stock. Wealth tax proposals from Sanders and Warren face long odds in a divided Congress. The rhetoric itself can shift sentiment in a stock that now carries a trillionaire's personal brand premium. The TSLA stock page shows an Alpha Score of 30/100, a Weak rating, suggesting the market is already pricing in headwinds beyond the IPO glow.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.