Plato’s Dave Allen warns the world’s hottest company has the valuation of a meme stock, while Minotaur’s Thomas Rice has already started shorting the shares.

SpaceX shares have tumbled amid growing concern that the AI boom won’t deliver the returns investors had priced into the sector.

Plato’s Dave Allen warns the world’s hottest company has the valuation of a meme stock, while Minotaur’s Thomas Rice has already started shorting the shares.