Finance
Scott Galloway issues grim SpaceX stock price forecast
NYU marketing professor Scott Galloway issued a highly bearish forecast for SpaceX (SPCX), stating the stock is worth only $10 to $30 compared to its current
Key takeaways
- SpaceX shares are worth somewhere between $10 and $30
- SpaceX is still crazy overvalued at its current trading price of $148
- SpaceX's $25 billion bond sale indicates it is an AI infrastructure bet wearing a rocket company's uniform
- SpaceX and Tesla represent two of the best shorts in the market
- SpaceX reported a net loss of $8.2 billion over the last 12 months
NYU marketing professor Scott Galloway issued a highly bearish forecast for SpaceX (SPCX), stating the stock is worth only $10 to $30 compared to its current trading price of $148. Galloway argues the company is heavily overvalued, pointing to mechanical trading quirks post-IPO and a massive $25 billion bond offering that signals a debt-heavy AI infrastructure bet. This skepticism is supported by financial data showing SpaceX's net losses reached $8.2 billion over the last 12 months, driven by heavy capital expenditures on AI compute. Former Fidelity manager George Noble also voiced bearish sentiment, calling SpaceX one of the best shorts in the market.
The bearish forecasts highlight growing skepticism over SpaceX's high valuation and heavy AI spending.
In their words
“It’s still crazy overvalued. I think this is a $10 to $30 stock.”
“Grandma’s 401(k) now owns a $2 trillion company at roughly 90 times revenues. That’s outrageous.”
By the numbers
- $1.91T
- SpaceX market capitalization
- $148
- Current trading price of SpaceX stock
- $75B
- Capital raised in SpaceX initial public offering
- -$8.2B
- SpaceX net losses over trailing 12 months
- -$31.2B
- SpaceX trailing free cash flow burn
How it unfolded
- SpaceX lists on Nasdaq raising over $75 billion
- Scott Galloway criticizes Wall Street math on SpaceX
Why this matters
-
SpaceX will fall by as much as 50% by year-end
Turn stories like this into views
Ravenclip finds the Finance news, makes the video, and posts it before attention moves on.
Common questions
- What happened with SpaceX?
- SpaceX reported a net loss of $8.2 billion over the last 12 months
- Where can I read the original report?
- Read the full report at Thestreet.
