The SpaceX Price Bubble: Separating Fact from Fantasy When five star analyst Glenn Thum set a price target of $75 for SpaceX stock, implying a 46% downside from its current price near $140, it sent shockwaves through the tech community.
His call carries significant weight due to his impressive track record as a TipRanks analyst. Thum's criticism of SpaceX centers on the company's reliance on short term contracts for AI revenue growth.
He argues that these contracts are too easily exited and don't justify the premium valuation assigned by investors.