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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

Investor Jeremy Grantham warns that SpaceX's entry into the Nasdaq 100 may be the 'craziest IPO in the history of man.'

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Coverage (5)

Where it stands

SpaceX has officially joined the Nasdaq 100 following its initial public offering. Investor Jeremy Grantham has responded with strong criticism, describing the IPO as a market bet for Main Street and suggesting the company could collapse.

Coverage from Fortune, Fox Business, and Yahoo! Finance Canada emphasizes Grantham's view that the IPO is an 'utterly inconceivable' bet.

The Motley Fool notes that Grantham previously predicted the Dot-com bubble burst, while Morningstar reports his sentiment that it would be amazing if the company does not collapse. Future developments center on the performance of SpaceX stock, which Grantham claims has a 90% chance of crashing.

Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 18d ago.

Answered

What is Jeremy Grantham's prediction for SpaceX stock?

According to Yahoo! Finance Canada, Grantham says there is a 90% chance the stock will crash.

Which index has SpaceX joined?

SpaceX has joined the Nasdaq 100.

How does Grantham characterize the SpaceX IPO?

He describes it as the 'craziest IPO in the history of man' and the 'craziest' market bet for Main Street.

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