Billionaire Investor Grantham Bets Against SpaceX: 90% Chance of Ultimate Collapse, Questions AI and Mars Narrative

BlockBeats News, July 8th - Billionaire investor Jeremy Grantham, known for his long-standing warnings about asset bubbles, publicly questioned SpaceX's current valuation of around $2 trillion. He believes that the company's AI business, Mars plan, and long-term growth logic all have significant doubts, stating that he is "90% sure" that SpaceX will eventually experience a historic collapse. He thinks that SpaceX's IPO prospectus attributing about 90% of the addressable market to AI is "incredible" and that its AI product competitiveness is hard to compare with OpenAI and Anthropic.

However, mainstream Wall Street institutions still generally bullish on SpaceX. With the company officially joining the NASDAQ-100 Index, it is expected to attract more passive fund inflows. Several investment banks, including Goldman Sachs, JPMorgan Chase, and Morgan Stanley, have given positive ratings, believing that Starship, Starlink, and the AI business will be core drivers of future growth.