「Wall Street Big Short」 Bearish on SpaceX IPO: Prospectus Could Be the Biggest Joke in History

BlockBeats News, July 8th, GMO co-founder and "Wall Street Bear" Jeremy Grantham stated that SpaceX will become the "craziest IPO in history." Looking back in the future, the grand vision outlined in its prospectus may end up being a market joke. He believes that the current Wall Street enthusiasm for buying SpaceX is puzzling, and even if the company fulfills its expectations, it would require AI to achieve a disruptive breakthrough; otherwise, it is more likely to experience a valuation collapse.

However, Grantham pointed out that after SpaceX is included in the Nasdaq 100 index, it will attract a large amount of passive allocation from index funds, causing a supply-demand imbalance that may continue to drive up the stock price. Therefore, there is still potential for a price increase in the short term.