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.

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