Grantham: SpaceX's IPO Will Be a Laughable History Lesson

GMO co-founder Jeremy Grantham calls Elon Musk’s SpaceX IPO the “craziest in the history of man” and says future historians will laugh at it, even as SpaceX becomes part of the Nasdaq 100. Analysts are mixed on how high SpaceX can go, with targets ranging from about $205 to $300, while the stock sits near launch price. Grantham also questions governance given Musk’s 82% voting control and warns the venture’s success may hinge on massive AI developments, suggesting the IPO could become a landmark historical event regardless of near-term price action.