Keith Snyder at CFRA can't justify SpaceX's $2 trillion post-IPO market cap without assuming growth that current Grok adoption data doesn't support.

Investors are throwing money at long term promises that may never materialize. But if some do, maybe that's enough.

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Elon Musk called a SpaceX bull case "interesting" after investor Brivael Le Pogam predicted a $30 trillion-$50 trillion valuation.

Keith Snyder at CFRA can't justify SpaceX's $2 trillion post-IPO market cap without assuming growth that current Grok adoption data doesn't support.

Keith Snyder at CFRA can’t justify SpaceX’s $2 trillion post-IPO market cap without assuming growth that current Grok adoption data doesn’t support.

The Elon Musk brand, the frenzy around artificial intelligence and the sharemarket’s structure have combined to defy conventional analysis of the company’s value.

SpaceX is now bigger than Amazon. Its shares are more popular than every other stock on the market, combined. And it just bought an AI company for $60 billion.