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Short Seller Chanos Is Bearish on SpaceX Valuation Fueled by ‘Hopes and Dreams’

Source: feeds.bloomberg.com 1 min read

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Short Seller Chanos Is Bearish on SpaceX Valuation Fueled by ‘Hopes and Dreams’

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Veteran short seller James Chanos said SpaceX’s blockbuster public debut is being driven more by investor enthusiasm for Elon Musk and artificial intelligence than by financial fundamentals, arguing the company’s valuation is difficult to justify on any reasonable business assumptions.

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