Famed permabear warns SpaceX IPO could be laughed at in 50 years, 'craziest' market bet for Main Street

Jeremy Grantham called SpaceX the "craziest IPO in the history of man," warning its valuation is likely to end in a landmark collapse. The comment is primarily a sentiment and risk framing rather than new fundamentals, but could add downside pressure to investor expectations around the stock.

Analysis

Jeremy Grantham called SpaceX the "craziest IPO in the history of man," warning its valuation is likely to end in a landmark collapse. The comment is primarily a sentiment and risk framing rather than new fundamentals, but could add downside pressure to investor expectations around the stock.