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Grantham Warns SpaceX IPO May Collapse

July 8, 2026

2 min read

Key Takeaways

Jeremy Grantham warns SpaceX IPO could collapse.
Grantham calls it the 'craziest' market bet for Main Street.
SpaceX's IPO raised $75 billion, the largest in history.
Wall Street forecasts share prices as high as $300.

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Strategic Implications

Grantham's warning may indicate skepticism about SpaceX's valuation and long-term investment thesis. The company's addition to the Nasdaq-100 Index could suggest increased demand and a potential price surge, but Grantham's comments suggest this may not be sustainable, which could have implications for investors and the broader market.

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What Happened

Permabear Predicts Historic Market Bet Will End In Disaster

Jeremy Grantham, a self-proclaimed market ‘permabear’ and GMO co-founder, has expressed skepticism about SpaceX’s valuation and long-term investment thesis, warning that the company’s IPO could collapse. Grantham’s comments come as SpaceX’s stock performance is now directly tied to the retirement accounts, mutual funds, and portfolios of millions of everyday American investors, following its fast-tracked entry into the Nasdaq-100 Index. The company’s IPO raised $75 billion, the largest in history, and Wall Street forecasts share prices as high as $300. This report was first published by Fox Business.

Source | Originally Published: June 13, 2024

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