What Happened
Investor Warns Of AI-Driven Bubble In Space Tech
Jeremy Grantham, a well-known investor, has warned that SpaceX’s valuation faces a sharp reversal, describing parts of the company’s pitch as ‘utterly inconceivable’. This comes as analysts have set a price target of $800 for the company, implying a valuation of $10.5 trillion. SpaceX estimates a total addressable market of $28.5 trillion, with roughly 90% attributed to AI-related activities. The company’s valuation has been driven by its ambitious plans for AI-driven services, but Grantham’s warning suggests that the market may be overestimating the potential of these services. This story was first reported by DimsumDaily and The Next Web.