I Don't Get the Valuation of SpaceX, Says Singh of Bloomberg Intelligence

Watch on YouTube ↗  |  May 21, 2026 at 14:20  |  1:52  |  Bloomberg Markets
Speakers
Mandeep Singh — Senior Analyst, Bloomberg Intelligence

Summary

Mandeep Singh of Bloomberg Intelligence criticizes SpaceX's high valuation, contrasting it with Nvidia's strong growth and free cash flow. He argues that Nvidia is a better investment relative to SpaceX. The discussion touches on SpaceX's GPU rental business and capital burn.

  • Mandeep Singh expresses skepticism about SpaceX's valuation.
  • He compares SpaceX's growth and free cash flow unfavorably to Nvidia.
  • Nvidia is presented as having stronger fundamentals and a more attractive valuation.
  • SpaceX's GPU rental business and capital burn are discussed.
  • The conversation references Elon Musk's role in SpaceX's premium.
Trade Ideas
Mandeep Singh Senior Analyst, Bloomberg Intelligence 0:06
Nvidia better value than SpaceX
Nvidia has superior growth rates and free cash flow compared to SpaceX, making it a more attractive investment at current valuations. The speaker contrasts Nvidia's strong financials with SpaceX's high valuation and capital burn.
NVDA MED
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This Bloomberg Markets video, published May 21, 2026, features Mandeep Singh discussing NVDA. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Mandeep Singh  · Tickers: NVDA