"Big Short" legend Steve Eisman calls the SpaceX IPO valuation "crazy," warning that its expensive pivot to AI has made it a risky, FOMO-driven cult stock.

SpaceX IPO: At roughly 110 times trailing sales, Elon Musk-led company's valuation assumes years of rapid growth, raising the stakes for investors if the company falls short of…

Analyst says IPO looks ‘like a way to lure unsuspecting investors into paying off’ debt, ‘fund an increasingly costly AI race and lock in a trillion-dollar pay day’