Galloway: SpaceX stock could crash to $10–$30
New York University marketing professor Scott Galloway argues SpaceX is vastly overvalued, estimating a price target between $10 and $30 per share despite the current around $148—implying a potential ~80% drop. He points to SpaceX’s IPO pricing near $135 with a ~$1.8 trillion valuation, a tiny public float after the IPO, Nasdaq-100 index buying, and a recent $25 billion bond offering amid heavy AI compute-related cash burn. Analysts’ consensus targets average higher (around $228), but several bears see meaningful downside. Galloway joked he wouldn’t short the stock, noting the market could push it higher on new projects regardless of fundamentals.
