'Crazy overvalued': Scott Galloway says SpaceX is a '$10 to $30 stock'

Market participants are contending with significant price fluctuations as SpaceX stock trades near its opening-day valuation, prompting intense debate regarding its long-term financial viability. This period of instability has surfaced just days after the company’s public entry, leaving institutional and retail shareholders to gauge whether the current price reflects genuine enterprise value or speculative momentum. Scott Galloway has characterized the equity as “crazy overvalued,” suggesting a valuation between $10 and $30 per share.

This perspective is echoed by Uday Kotak, who framed the SpaceX IPO as a “test for capitalism” while raising concerns about potential mega bubble risks. In contrast, other financial analysis continues to project specific performance targets one year out, though the consensus remains polarized between those anticipating a long, bumpy ride and those forecasting significant future appreciation. Attention is now turning to how the market will reconcile these disparate price targets.

Coverage does not yet specify how the company will address these public valuation critiques, nor has it confirmed the trajectory for upcoming quarterly disclosures that could validate or refute the current bearish sentiment.