SpaceX’s biggest bull sees a $10.5tn valuation. A famed bear bets on a crash

Raymond James analyst Brian Gesuale values SpaceX at $10.5 trillion, driven mainly by projected AI computing power sales rather than rockets. Meanwhile, investor Jeremy Grantham predicts a 90% chance of a crash, criticizing the AI claims and SpaceX's financial losses. SpaceX's stock recently joined the Nasdaq 100, trading below $2 trillion market cap.