All eyes seem to be on billionaire Elon Musk lately as he heads up the Department of Government Efficiency. With Musk’s newfound influence, some investors may be contemplating purchasing stocks that might benefit from rapid advances in technology along with Musk’s role in Washington.
Take note that, while Musk owns multiple companies, including SpaceX, The Boring Company and Neuralink, only his company Tesla (TSLA) is publicly traded. But related companies’ stocks could benefit from developments in his ventures.
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So what stocks should you consider right now to capitalize on Musk’s ventures, according to experts?
Buying Tesla stock seems like an obvious choice.
An Investor’s Business Daily analysis gives the stock a 92 out of 99 composite rating and a 97 relative strength rating. Morgan Stanley called the stock a “top pick,” according to Investor’s Business Daily.
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Ben Deveran, investor and partner at Rubicon PR Group, noted electric vehicle (EV) manufacturer Rivian (RIVN).
“We’re seeing a classic ‘rubber band effect’ in the market, where fear of being overshadowed by Tesla, SpaceX or other Musk-led ventures has caused certain stocks to be oversold,” Deveran said. “Yet these very companies — be they competing EV manufacturers, satellite providers or even AI chipmakers — often have solid fundamentals and trade at depressed valuations relative to their growth potential. When sentiment shifts, as it recently did with names like Rivian and Lucid, these laggards can snap back dramatically, offering significant upside for investors.”
According to Deveran, there’s a lot to like about this company right now. “Rivian still trades near its net asset value, offering an appealing mix of intrinsic value and growth potential. Its plans for DOE-backed facilities, plus a possible partnership with Volkswagen, may unlock better unit economics and boost its competitive edge in the midsized EV market,” he said.
You can’t invest directly in Musk’s SpaceX since it’s not publicly traded. But you can invest in companies that are likely to benefit from renewed excitement and energy in the space exploration sector.
Deveran cited Rocket Lab (RKLB), an end-to-end space company based in Long Beach, California, as one to watch.
“Once investors recognize the broader EV and space technology tide lifting all boats, they rotate capital into underappreciated assets that still benefit from the same macro drivers as Tesla or Starlink. In other words, by taking the contrarian approach — focusing on what’s been oversold rather than following the crowd into well-loved, high-multiple plays — you can capture the rally while reducing downside risk through more attractive entry points,” Deveran said. “Rocket Lab is an emerging star in space launch services, quietly capitalizing on the investor frenzy around Musk-led ventures.”
