Wall Street's leading short seller is bearish on SpaceX IPO: Its prospectus could become the biggest joke in history
1 hours ago
GMO co-founder and Wall Street’s famed bear Jeremy Grantham has called SpaceX “the craziest IPO in history”, noting that its grand vision outlined in the prospectus could become a laughingstock for the market in hindsight. Grantham expressed confusion over Wall Street’s widespread recommendation to buy SpaceX, arguing that even if the company meets expectations eventually, it will need a disruptive breakthrough in AI; otherwise, a valuation collapse is more likely. However, Grantham pointed out that SpaceX’s inclusion in the Nasdaq 100 index will attract massive passive allocations from index funds, and the resulting supply-demand imbalance may continue to drive up its stock price, leaving upside potential in the short term.
After the US stock market opened, the semiconductor and storage sectors rallied, with SanDisk and Western Digital rising more than 3%.
8 minutes ago
Trump administration lifts restrictions on OpenAI's GPT 5.6
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Tanker traffic through the Strait of Hormuz has essentially ground to a halt.
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Trump says he does not rule out striking Iran's key infrastructure.
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U.S. stocks opened lower, with all three major indices declining, while the Nasdaq fell 0.31%.
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Trump: May Resume Blockade of the Strait of Hormuz
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