EV Enthusiast

You came here impressed with an opinion better than yours (or one you agree with)

[EV Enthusiast @BoredAsk1995]

@ahaGetRekt @Grummz Source?

[Gary Black @garyblack00]

Famed investor Jeremy Grantham says history will end up laughing at $SPCX, the ‘craziest IPO in the history of man’ that just joined the Nasdaq 100

Summary by Bloomberg AI
▪Jeremy Grantham says history will end up laughing at SpaceX, calling it the "craziest IPO in the history of man".
▪Grantham is unimpressed by SpaceX's goal to "build the systems and technologies necessary to make life multiplanetary" and thinks its prospectus will be laughable to investors of the future.
▪Despite Grantham's skepticism, Wall Street is split on how high SpaceX can fly, with some analysts setting price targets at $300, $205, and $225, and generally agreeing it will soar.

By Eleanor Pringle
07/08/2026 07:25:45 [FOT]
(FORTUNE)
With Elon Musk’s SpaceX now embedded in the Nasdaq 100, the prospects of the rocket company have–directly or indirectly–now slipped into the stock portfolios of millions of people around the globe.

But joining the Nasdaq index has done little to convince critics, who are dubious about the lofty aims of the company. In the prospectus ahead of its offering, SpaceX said its goal is “to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”

Such statements will be laughable to investors of the future, says Jeremy Grantham, co-founder of investment giant GMO. Admittedly, the billionaire British investor is known for his skepticism: He’s a self-professed “permabear” and has warned AI’s impact will result in “blood in the streets.”

It is perhaps no surprise, then, that he is unimpressed by the (literally) out-of-this-world intentions of SpaceX. “Everyone’s lining up to tell you to buy the craziest IPO in the history of man,” Grantham told Morningstar’s The Long View podcast in an episode released this morning, “In 50 years, they’ll be telling and writing stories about SpaceX, and they’ll be quoting you paragraphs from the prospectus, and you will be laughing at it.”

Even the most bullish of investors might be feeling a reality check since SpaceX launched. At the time of writing, SpaceX is down 7% over the past month, hovering at around $150 a share—only slightly ahead of the $135 it targeted at launch.

Wall Street is split on how high SpaceX can fly, though they generally agree it will soar: Morgan Stanley, for example, has reportedly set the price target at $300, while Goldman Sachs’s Eric Sheridan and team wrote in a note seen by Fortune that they see it closer to $205.

Sentiments among analysts are, generally, positive. J.P. Morgan wrote that its target is $225 , adding it believes Elon Musk’s goal of reaching $1 trillion of revenue by 2031 is possible “but requires strong execution across an ambitious timeline.”

The note authored by Doug Anmuth, Seth Seifman, Sebastiano Petti, and Richard Choe highlighted some concerns, one of them being the fact that there’s “only one Elon.” They wrote that Musk’s “outsized influence and control (82% voting power) is central to SpaceX’s culture, vision, and operational strategy, and we believe his leadership has been a defining driver of the company’s success. At the same time, that concentration of control raises governance considerations and exposes the company to leadership-transition risk.”

Grantham said he was baffled by Wall Street banks’ recommendations to buy SpaceX for their clients. He added: “In the end, the reality will come out, and this will turn out to be, of course, one of the landmark historical events that I so value in history looking back. It will be amazing, by the way, if it doesn’t collapse, because it will need such massive developments on AI that our entire lives are totally different.”
Even if the justification for a higher price becomes a reality, the world will be a “strange one” and “we’ll be lucky not to be bossed around by our automaton friends.”
This “rather horrific” outlook is less likely than a crash, Grantham adds .”

[Nic Cruz Patane @niccruzpatane]

There are approximately 4 million Tesla vehicles with HW3 computers. Many are incredibly affordable pre-owned. Now that FSD V14 Lite is rolling out, these Teslas are capable of self-driving like never before.

HW3 Tesla vehicle values have increased:

• Distilled intelligence from HW4 V14 into HW3.
• Arrival options (Parking Lot, Street, Charger, and Curbside).
• Start from Park (parking, unparking, reversing capabilities).
• Speed Profiles (Sloth, Chill, Standard, Hurry).
• Improved proactive and reactive responsiveness across navigation handling, merges, forks, pedestrian interactions, traffic lights, and vehicle cut-in scenarios.
• Improved general comfort in nominal scenarios through fewer false slowdowns, smoother steering, and more consistent lane centering.

All with a software update.

[EV Enthusiast @BoredAsk1995]

@GiuliaMarcheti @OnlyBangersEth SYBAU

[EV Enthusiast @BoredAsk1995]

@ron55967579 @TheOfficerTatum You’re smarter than this RonAlwaysWrong…

Bail is a means of ensuring court attendance, not a measurement of severity for charges one is accused of. As such, flight risk (means testing) is a huge factor. A $10B bail for Elon would be considered insufficient for the same charges

[EV Enthusiast @BoredAsk1995]

@MattsWorld9MM @TheOfficerTatum 1- You’re*

2- you don’t seem to have the first idea regarding what free speech actually constitutes.

[Trung Phan @TrungTPhan]

think this demo is what Dario means when he says “50% of entry level white-collar jobs will be gone by 2030”

[EV Enthusiast @BoredAsk1995]

@revenueghost7 @Codie_Sanchez Nice ChatGPT response

[EV Enthusiast @BoredAsk1995]

@blakebgober @PeytonGates3 @CFBPlayoff

[EV Enthusiast @BoredAsk1995]

@titteridiot1 @OcrazioCornPop @andyfang Role*

[Boring_Business @BoringBiz_]

“Dad, what was it like when stocks were valued based on fundamentals and cash flows instead of just vibes?”

[EV Enthusiast @BoredAsk1995]

@FL_Man_76 @ILA_NewsX @elonmusk @grok what are crime stats in NYC starting in 1900. Provide separate data sets for total and violent crime, include a net ‘non violent’ crime metric

[Kevin Carpenter @kejca]

Warren Buffett: "Degree of difficulty counts in the Olympics, [but] it doesn't count in business. You don't get any extra points for the fact that something is very hard to do. So you might as well just step over one-foot bars instead of trying to jump over seven-foot bars."

[EV Enthusiast @BoredAsk1995]

@DrunkDividends @LarryPanozzo @Kalshi Where’s it at?

[Ed. @DepressedDETN]

😭😭😭😭😭

[EV Enthusiast @BoredAsk1995]

@KarinExile @tomjntx @DefiantLs When does the common thread become statistically significant and not just coincidence to you? 🤔

[EV Enthusiast @BoredAsk1995]

@DrunkDividends @LarryPanozzo @Kalshi Post proof

[EV Enthusiast @BoredAsk1995]

@Selfdestrukted @wholemars It takes 1-1.5 months before new delivery VINs get added to software update batches. Would’ve thought new deliveries would ship with v14.

May take longer since it’s a new model year as they validate the new components for the 2026 model year.

[330_Owl 武士道 @330_owl]

@cb_doge My Champion..... Indeed

[EV Enthusiast @BoredAsk1995]

@Bryozoan136344 @VladTheInflator They wouldn’t be in trades if they were great at math.