Scott Galloway Argues SpaceX Stock Is Significantly Overvalued Despite Recent Market Momentum
Scott Galloway, a marketing professor and investor, stated that SpaceX shares are currently trading at a valuation far above their intrinsic worth. While the stock recently rallied to trade above its initial public offering price, Galloway estimates the shares should be worth between $10 and $30, compared to the current market price of $146. He attributed the high valuation to favorable market mechanics, such as limited supply and inclusion in the Nasdaq-100. However, other analysts, like George Noble, suggest that SpaceX and Tesla are prime candidates for shorting due to high revenue multiples. Historical data from the Motley Fool suggests that high-profile technology IPOs often experience significant drawdowns in their first year. Based on these trends, SpaceX shares could potentially settle between $100 and $170 over the next 12 months. Investors are advised to be patient and wait for a more attractive entry point as the company works to justify its premium valuation through AI and space-based compute initiatives.