🔥‘BIG SHORT’ INVESTOR STEVE EISMAN ON SPACEX: "NOT A FAN"
Eisman says he is “not a fan” after reading SpaceX’s prospectus, arguing AI is making the business far more capital intensive.
He argues the AI side is the real issue, saying:
"Grok, with all due respect to Elon Musk,… pic.twitter.com/sizpm0ILF1
— Coin Bureau (@coinbureau) June 8, 2026
Every IPO has two prices
The price in the s-1
And the price the story is selling for
SpaceX is going public at $2 trillion, the company made $18.7 billion last year and lost $5 billion doing it
You’re not buying a rocket company
You’re buying a futures contract on elon executing perfectly across three simultaneous moonshots
People said the same thing about Google in 1999
They were right about the company
They waited 12 years to break even
At this price, all three moonshots have to land
Most people will find this out after they buy
Every IPO has two prices
The price in the s-1
And the price the story is selling for
SpaceX is going public at $2 trillion, the company made $18.7 billion last year and lost $5 billion doing it
You're not buying a rocket company
You're buying a futures contract on elon… https://t.co/k5kO9v0E2d pic.twitter.com/y75xlRkI3E
— plutos (@plutos_eth) June 8, 2026