New York University Stern School of Business Professor Scott Galloway stated this week that SpaceX (NASDAQ:SPCX) stock is "ridiculously overvalued," and he believes its fair price should be between $10 and $30 per share. This would represent a potential drop of approximately 79% to 93% compared to SpaceX's closing price of $146.23 on August 17. Galloway attributed SpaceX's high valuation to its low float of only 4% to 5%, passive buying by index funds due to its inclusion in the Nasdaq 100 index, and Elon Musk's ability to attract investor enthusiasm. He also noted that SpaceX issued $25 billion in bonds while holding $100.8 billion in cash, indicating that investors are pricing in its speculative ambitions in AI infrastructure. However, Wall Street generally holds a "moderate buy" rating, with an average 12-month target price between $226 and $232, implying an upside of 55% to 62%. SpaceX's Q2 revenue was $7.81 billion, a 191% year-over-year increase, with Starlink users doubling to 12 million and AI division revenue growing by 247%. Additionally, 319 million shares of SpaceX stock are set to unlock on August 20.