SpaceX joins the Nasdaq 100: one analyst values it at $10.5 trillion, while Grantham expects a crash
SpaceX has joined the Nasdaq 100 index. On the same day, Raymond James analyst Brian Gesuale initiated coverage of the company with a $10.5 trillion price target, one of the boldest calls on Wall Street. At the other extreme is prominent investor Jeremy Grantham, who puts the probability of a SpaceX crash at 90%. On a single day, analyst opinion split as sharply as it possibly could.
AI-processed from TNW; edited by Hamidun News
SpaceX has joined the Nasdaq 100 index. On the same day, Raymond James analyst Brian Gesuale initiated coverage of the company and made one of the boldest calls on Wall Street: a $10.5 trillion valuation target.
What the most bullish analyst said
Raymond James's Brian Gesuale went further than any other analyst covering SpaceX. His $10.5 trillion price target would potentially make it the most valuable company in the world, if the market validates that valuation. The forecast landed the same day SpaceX entered the Nasdaq 100, an event that on its own drew investor attention to the company.
- Event: SpaceX added to the Nasdaq 100 index
- Raymond James forecast (analyst Brian Gesuale): $10.5 trillion valuation target
- Opposing view: a prominent investor puts the probability of a SpaceX crash at 90%
- Both views were voiced on the same day
Who is betting on a crash
At the opposite end of the spectrum is prominent investor Jeremy Grantham, who has warned about market bubbles for years. He puts the probability of a sharp drop in SpaceX's value at 90%, meaning he considers the market's current expectations heavily inflated.
The gap between the two forecasts, ranging from the world's most valuable company to a near-inevitable crash, shows how differently professional investors read the same inputs: inclusion in a prestigious index, the company's growth rate, and its ambitions in the space and satellite industries.
What it means
Joining the Nasdaq 100 has made SpaceX more visible to a broad range of investors, but it has also exposed a deep split over the company's prospects: from $10.5 trillion to a 90% risk of a crash. The market has yet to decide which analyst is right.
FAQ
What valuation did the Raymond James analyst give SpaceX?
Raymond James's Brian Gesuale initiated coverage of SpaceX with a $10.5 trillion valuation target, one of the highest forecasts among analysts covering the company.
How likely is a SpaceX crash, according to skeptics?
Prominent investor Jeremy Grantham puts the probability of a sharp drop in SpaceX's value at 90%, arguing that current market expectations are inflated.
Key Questions Answered
What valuation did the Raymond James analyst give SpaceX?
Raymond James's Brian Gesuale initiated coverage of SpaceX with a $10.5 trillion valuation target, one of the highest forecasts among analysts covering the company.
How likely is a SpaceX crash, according to skeptics?
Prominent investor Jeremy Grantham puts the probability of a sharp drop in SpaceX's value at 90%, arguing that current market expectations are inflated.
What the most bullish analyst said?
Raymond James's Brian Gesuale went further than any other analyst covering SpaceX. His $10.5 trillion price target would potentially make it the most valuable company in the world, if the market validates that valuation. The forecast landed the same day SpaceX entered the Nasdaq 100, an event that on its own drew investor attention to the company. Event: SpaceX added to the Nasdaq 100 index Raymond James forecast (analyst Brian Gesuale): $10.5 trillion valuation target Opposing view: a prominent investor puts the probability of a SpaceX crash at 90% Both views were voiced o
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