SpaceX Lock-Up Rally Shows Investors Got The Selloff Wrong - Forbes
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- SpaceX staged a $327 billion rally bringing its valuation back near its IPO price, according to Bloomberg
- Forbes argued investors got the selloff wrong, while CNBC reported SpaceX's AI spending unnerved Wall Street despite promises of quick payoff, and The Economist noted fresh doubts about Elon Musk's grandiose ambitions
Why it matters: The $327 billion rally puts SpaceX near its IPO price again, directly contesting CNBC and The Economist's framing of broad Wall Street skepticism. Forbes' contrarian read suggests institutional buyers view the post-earnings AI-spend panic as overblown, a split in sentiment that will define near-term price action.
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