Yahoo Finance
With amarket capof $1.91 trillion,SpaceXis among the most valuable companies in the world.
SpaceX (SPCX) listed on the Nasdaq in June 2026, raising over $75 billion in its initial public offering.
Last month, New York University marketing professor Scott Galloway said Wall Street has gotten the math badly wrong on SpaceX, and he is not shy about putting a number on just how wrong.
In a recent podcast, Galloway said that SpaceX shares are worth somewhere between $10 and $30.
At the time of writing, SPCX stock trades at $148, which means Galloway believes the stock could fall 80% from current levels without undervaluing the company.
According to Business Insider,Gallowaysaid: "It's still crazy overvalued.
I think this is a $10 to $30 stock." SpaceXpriced its initial public offering at $135 a share in the summer, giving Musk's rocket company a valuation near $1.8 trillion.
The stock then climbed as high as $225 before tumbling over 50% to $105.
It has since recovered and has traded above its IPO price in the last two weeks.
Galloway argues that price action has little to do with the underlying business.
He pointed to a few mechanical quirks in how the stock trades: Only about 4-5% of SpaceX shares were available for public trading right after the IPO, which limited supply.
The stock's inclusion in the Nasdaq 100 forced index funds to buy shares regardless of price.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment