Grantham Warns SpaceX Could Become the Craziest IPO in History, Valuation Faces Collapse Risk

GMO co-founder Jeremy Grantham stated that SpaceX will be the craziest IPO in history, and its grand vision may become a market joke in the future. Even if realized, it requires a disruptive breakthrough in AI; otherwise, the valuation is prone to collapse.

Wall Street's recommendation to buy is puzzling, but after being included in the Nasdaq 100 index, it will attract passive allocation from index funds, potentially pushing up stock prices due to short-term supply-demand imbalance.

Source: Public Information