Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-09-06T17:33:00+00:00
With amarket capof $1.91 trillion,SpaceXis among the most valuable companies in the world. SpaceX (SPCX) listed on the Nasdaq in June 2026, raising over $75 billion in its initial public offering. Last month, New York University marketing professor Scott Galloway said Wall Street has gotten the math badly wrong on SpaceX, and he is not shy about putting a number on just how wrong. In a recent podcast, Galloway said that SpaceX shares are worth somewhere between $10 and $30. At the time of writing, SPCX stock trades at $148, which means Galloway believes the stock could fall 80% from current levels without undervaluing the company. According to Business Insider,Gallowaysaid: "It's still crazy overvalued. I think this is a $10 to $30 stock." SpaceXpriced its initial public offering at $135 a
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.