NYU professor Scott Galloway argues SpaceX stock could drop to $10-$30, citing a 4% float and index-driven demand.
NYU Stern professor Scott Galloway stated SpaceX (NASDAQ:SPCX) shares are “crazy overvalued” and could fall to $10-$30, implying up to 93% downside from the Aug. 17 close of $146.23. He attributed the current valuation to a limited 4% public float and forced index buying rather than organic demand.
SpaceX debuted on June 11, 2026, at $135 per share, closing 19% higher at $161 on its first trading day. The IPO valued the company at $1.75-$1.77 trillion, with only 4.2% of equity publicly floated. A 319 million-share unlock on Aug. 20 may test whether the stock’s price reflects genuine demand or scarcity.
Wall Street analysts maintain a Moderate Buy rating near $229, supported by Q2 revenue of $7.81 billion and a 191% year-over-year EBITDA increase. Shares closed at $143.34 on Aug. 18, down 1.98% from the prior session.