Famed investor Jeremy Grantham says history will end up laughing at SpaceX, the 'craziest IPO in the history of man' that just joined the Nasdaq 100
Investor Jeremy Grantham warns that the SpaceX IPO—now a member of the Nasdaq 100—is the 'craziest' market bet in history.
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The brief
SpaceX has officially joined the Nasdaq 100 following its initial public offering. Investor Jeremy Grantham has characterized the move as the 'craziest IPO in the history of man' and suggests that history may eventually laugh at the venture.
Coverage from Fortune, Fox Business, and Yahoo! Finance Canada emphasizes Grantham's skepticism, noting his status as a 'permabear' who previously predicted the dot-com bubble burst.
Morningstar and The Motley Fool report that Grantham views the company as a potential warning sign for the market. Attention remains on the stability of the stock, as Grantham has stated there is a 90% chance the stock will crash and that it would be amazing if the company does not collapse.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1h ago.
Quick answers
What is Jeremy Grantham's prediction regarding SpaceX stock?
According to Yahoo! Finance Canada, Grantham says there is a 90% chance the stock will crash.
Which index has SpaceX joined?
SpaceX has joined the Nasdaq 100.
Why is Grantham's perspective considered significant?
The Motley Fool notes that Grantham previously predicted the burst of the dot-com bubble.
Coverage (5)
- Jeremy Grantham on SpaceX: It Will Be Amazing If It Doesn’t Collapse Morningstar · 8h ago
- He Predicted the Dot-com Bubble Burst. Now He's Saying SpaceX Could be a Fresh Warning Sign. The Motley Fool · 8h ago
- 'Utterly inconceivable': Investing legend Jeremy Grantham says there's a 90% chance SpaceX stock will crash Yahoo! Finance Canada · 8h ago
- Famed permabear warns SpaceX IPO could be laughed at in 50 years, 'craziest' market bet for Main Street Fox Business · 8h ago
- Famed investor Jeremy Grantham says history will end up laughing at SpaceX, the 'craziest IPO in the history of man' that just joined the Nasdaq 100 Fortune · 8h ago
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