Famed Permabear Warns SpaceX IPO Could Be Laughed at in 50 Years, 'Craziest' Market Bet for Main Street

Legendary Investor Jeremy Grantham Calls SpaceX IPO 'Craziest' Ever: 'You'll Be Laughing at It' SpaceX IP

Jeremy Grantham says the world will remember the SpaceX IPO 50 years from now. The question is if that is a good or bad thing for investors.

Famed permabear warns SpaceX IPO could be laughed at in 50 years, 'craziest' market bet for Main Street

SpaceX joined the Nasdaq 100 after its record $75 billion IPO, but GMO co-founder Jeremy Grantham calls it "the craziest IPO in the history of man."

SpaceX IPO: The Last Time a Company This Big Went Public, Here's What Happened to Investors 1 Year Later

SpaceX recently completed the largest IPO in history.

$100 invested in SpaceX stock at IPO is now worth

For all the hype surrounding the SpaceX (NASDAQ: SPCX) initial public offering (IPO) and the company’s launch valuation, even investing $100 as soon as possible would have proven a middling investment. Specifically, SPCX shares were originally offered at $135 and are, at press time on July 8, trading at $149.52 following a 0.033% extended session rise. Under the circumstances, a $100 investment made already at the IPO would have risen to $110.76…