Jeremy Grantham Warns SpaceX Stock Has 90% Probability of Plunging on Valuation Concerns

According to Business Insider, on July 7, Jeremy Grantham, co-founder of GMO, warned that SpaceX's stock price has a 90% probability of collapsing, citing overvalued corporate valuation. In an interview, Grantham expressed strong skepticism toward the company's valuation, AI business plans, and space development roadmap. SpaceX estimated its total addressable market at $28.5 trillion in its IPO filing, projecting that approximately 90% of revenue would come from AI operations. Grantham criticized the AI growth forecast as "surprisingly optimistic" given SpaceX's technology lags behind competitors like Anthropic and OpenAI.
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