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The piece compiles bearish viewpoints and explicit valuation concerns (92x trailing revenues) alongside price dislocations (IPO vs. current levels). Such narratives can pressure near-term multiples and trigger short-term volatility, even if fundamentals remain uncertain.
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SPCX traded near $121 after a thread debating AI stock valuations, noting the AI bubble may have popped while Chinese competition intensifies. The discussion cites Moonshot AI’s Kimi K3 and places SpaceX roughly 11% below its IPO and 46% off its high. Whitney Tilson’s valuation critique at 92x trailing revenues supports a cautious near-term outlook for SPCX.
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