Scott Galloway issues grim SpaceX stock price forecast

Market giant SpaceX, valued at $1.91 trillion, is facing a harsh forecast from NYU marketing professor Scott Galloway. Galloway contends that Wall Street has miscalculated SpaceX's worth, warning that its shares could plummet 80% from their current $148 price. At the time of writing, the stock trades far above Galloway's projected range of $10 to $30.

Galloway argues that SpaceX's IPO price of $135, now trading at $148, is wildly overvalued. The professor points to unusual trading quirks to support his assessment, such as limited supply and the mandatory purchase of shares due to its inclusion in the Nasdaq 100. SpaceX has reported substantial losses over the past two years, with a net loss of $8.2 billion in 2025 alone.

Despite these financial struggles, Morgan Stanley remains bullish on SpaceX, predicting a potential $100 billion valuation. However, Galloway remains skeptical, suggesting that SpaceX's future success may hinge on Musk's next innovative project.