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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

  • SpaceX's inclusion in the Nasdaq 100 means millions now have exposure to the company — yet the stock is only slightly above its target IPO price and is down about 7% in the past month.
  • Veteran investor Jeremy Grantham blasted SpaceX's grand "multiplanetary" mission as laughable for future investors, warning the company could be historically notable either by collapsing or by driving radical, AI‑fueled change.
  • Wall Street is broadly bullish but divided on valuation (price targets range roughly $205–$300), while analysts flag governance risk from Elon Musk's outsized voting control.
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