Wall Street's leading short seller is bearish on SpaceX IPO: Its prospectus could become the biggest joke in history
2 hours ago
GMO co-founder and Wall Street’s famed bear Jeremy Grantham has called SpaceX “the craziest IPO in history”, noting that its grand vision outlined in the prospectus could become a laughingstock for the market in hindsight. Grantham expressed confusion over Wall Street’s widespread recommendation to buy SpaceX, arguing that even if the company meets expectations eventually, it will need a disruptive breakthrough in AI; otherwise, a valuation collapse is more likely. However, Grantham pointed out that SpaceX’s inclusion in the Nasdaq 100 index will attract massive passive allocations from index funds, and the resulting supply-demand imbalance may continue to drive up its stock price, leaving upside potential in the short term.
Paradigm raises $1.2 billion new fund to invest in AI and robotics sectors.
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Gate.io Founder Dr. Han Responds to Online Rumor of "1.7 Million Theft Incident": Let Facts Address the Controversy
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Trump renews threats to seize Iran's Kharg Island.
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Israel launches airstrikes on southern Lebanon
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Iranian media: It is meaningless for Iran to continue honoring its commitments, and it should respond to Trump with concrete actions.
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