SpaceX Is Down 40% — How Low Can It Go?

SpaceX Is Down 40% — How Low Can It Go? – Prof G Markets

Market views

Bearish

SPACEX— SpaceX is significantly overvalued at current prices. Morningstar analyst values it at $62/share (vs. $132-135 current price) based on discounted cash flow. Fundamental concerns include Starlink competition creating capacity glut, questionable AI infrastructure ROI, and upcoming lockup expirations that will flood market with supply.
DATACENTER— Data centers face growing regulatory headwinds with New York implementing first statewide moratorium. Unpopularity cuts across partisan lines (70% of Americans oppose them in their community), with $130B in projects already delayed/blocked. Political pressure likely to increase regulation nationwide as politicians respond to voter concerns about energy costs and environmental impact.

Not investment advice.