Grantham Warns SpaceX Valuation Faces Sharp Reversal

Jeremy Grantham said he would "bet at least 90%" on a sharp reversal in SpaceX's share price, calling parts of the company's pitch "utterly inconceivable." Raymond James analyst Brian Gesuale opened coverage with an $800 price target implying a roughly $10.5 trillion valuation, while SpaceX estimates a $28.5 trillion total addressable market with 90% attributed to AI. Grantham's warning highlights growing skepticism over AI-driven valuation narratives.

For AI and ML practitioners, investor narratives that convert compute and data ambitions into massive addressable markets reshape funding and product roadmaps across the stack. DimsumDaily reports Jeremy Grantham said he would "bet at least 90%" on a sharp reversal in SpaceX's share price and described parts of the company pitch "utterly inconceivable" DimsumDaily, July 8 . Reporting by The Next Web notes Raymond James analyst Brian Gesuale opened coverage with an $800 price target implying about a $10.5 trillion valuation. DimsumDaily and The Next Web report SpaceX began trading around $150 after its IPO and joined the Nasdaq-100 ; DimsumDaily also cites the company estimating a $28.5 trillion total addressable market with roughly 90% attributed to AI. These claims have prompted renewed scrutiny of AI-driven valuation narratives.