NYU Professor Scott Galloway issues grim SpaceX stock price forecast, believing shares could fall 80% to $10-$30
New York University marketing professor Scott Galloway believes SpaceX (SPCX) stock, currently trading at $148, is "crazy overvalued" and could fall to a range of $10 to $30. He argues that the company's IPO pricing, limited early float, and inclusion in the Nasdaq 100 artificially inflated its value, despite reported net losses and significant free cash flow burn. Former Fidelity fund manager George Noble also expects SpaceX to fall by as much as 50% by year-end, targeting around $30 per share.
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