Scott Galloway, a professor at New York University and a New York Times bestselling author, recently stated that SpaceX's stock trading price was far higher than it should be, and even a sharp drop from its peak did not make it an attractive investment. He said in a podcast released on Monday that SpaceX's stock is worth between $10 and $30. As of Tuesday's close, the stock closed down 1.98% to $143.34. Galloway believes that SpaceX's valuation is partly driven by an unusually favorable market mechanism. Initially, only about 4% to 5% of SpaceX's shares were publicly traded, and supply was limited. He also said that SpaceX's inclusion in the Nasdaq 100 Index has also stimulated demand for funds that track the index. He also questioned whether investors should view SpaceX primarily as a rocket and satellite company. Less than two weeks after going public, SpaceX issued $25 billion in bonds, even though the company previously disclosed cash and cash equivalents as high as $10.8 billion. The company said the funds raised will mainly be used to repay a bridging loan. Galloway said that this bond issuance shows that investors are betting on AI infrastructure related to SpaceX's launch business, and future expansion will increasingly rely on borrowing.

Scott Galloway, a professor at New York University and a New York Times bestselling author, recently stated that SpaceX's stock trading price was far higher than it should be, and even a sharp drop from its peak did not make it an attractive investment. He said in a podcast released on Monday that SpaceX's stock is worth between $10 and $30. As of Tuesday's close, the stock closed down 1.98% to $143.34. Galloway believes that SpaceX's valuation is partly driven by an unusually favorable market mechanism. Initially, only about 4% to 5% of SpaceX's shares were publicly traded, and supply was limited. He also said that SpaceX's inclusion in the Nasdaq 100 Index has also stimulated demand for funds that track the index. He also questioned whether investors should view SpaceX primarily as a rocket and satellite company. Less than two weeks after going public, SpaceX issued $25 billion in bonds, even though the company previously disclosed cash and cash equivalents as high as $10.8 billion. The company said the funds raised will mainly be used to repay a bridging loan. Galloway said that this bond issuance shows that investors are betting on AI infrastructure related to SpaceX's launch business, and future expansion will increasingly rely on borrowing.