Wall Street is selling pure snake oil to justify SpaceX IPO valuation

La_Mantequilla · 2026-06-05T16:01:10+00:00

=== SUMMARY === - The post criticizes Morgan Stanley’s projection that SpaceX could generate $3.4 trillion in revenue by 2040, calling it absurd and a marketing ploy to justify a massive IPO valuation. - The author’s thesis is that Wall Street is inflating SpaceX’s potential (Starlink, Mars, asteroid mining) to drum up underwriting fees, leaving retail investors as exit liquidity. - Quality assessment: This is speculative noise/sentiment commentary, not a data-driven deep dive. It lacks concrete financial models or counter-arguments, relying on hyperbolic comparison to US GDP. === SENTIMENT === BEARISH === TRADE IDEAS === No actionable trade ideas in this post. The post focuses on SpaceX, which is private and not directly tradeable. No ticker symbols, ETFs, or directional bets are proposed. The author’s expressed skepticism does not extend to any publicly traded security or sector fund. All top comments likewise ridicule the projection without suggesting trades. === COMMENTS SUMMARY === The community overwhelmingly agrees with the author’s skepticism, with top comments mocking the $3.4 trillion figure as “5x more revenue than any company in history” and labeling the analysis as “marketing material for an IPO.” Some comments note that the hype itself may attract buyers regardless of fundamentals, but no counter-arguments or alternative trade ideas emerge.

u/La_Mantequilla · Reddit — r/wallstreetbets · June 05, 2026 at 16:01 · ⬆ 901 pts · 💬 176 comments | View on Reddit ↗

AI Summary

Summary

The post criticizes Morgan Stanley’s projection that SpaceX could generate $3.4 trillion in revenue by 2040, calling it absurd and a marketing ploy to justify a massive IPO valuation.
The author’s thesis is that Wall Street is inflating SpaceX’s potential (Starlink, Mars, asteroid mining) to drum up underwriting fees, leaving retail investors as exit liquidity.
Quality assessment: This is speculative noise/sentiment commentary, not a data-driven deep dive. It lacks concrete financial models or counter-arguments, relying on hyperbolic comparison to US GDP.

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Comments 176

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