“Given all the hype,” Gary Black, a managing partner at The Future Fund, which manages hundreds of millions in exchange traded funds, wrote on social media that SpaceX was “likely to be way overpriced”

 

For Wall Street, the Only Thing Worse Than SpaceX Flopping Is Missing Out

Elon Musk and his bankers are working to create a self-fulfilling prophecy for the massive public offering: Make investors feel that the risks of passing it up outweigh those of buying into it.

By Maureen Farrell and Lauren Hirsch

May 29, 2026