SpaceX Stock Overvalued By $1 Trillion: Former Hedge Funder Says ‘Most Overvalued Large Cap Stock of All Time’

Former hedge fund manager Whitney Tilson has been one of the most vocal bears on SpaceX (NASDAQ: SPCX ) stock since the Elon Musk —led company went public in June. After SpaceX’s first quarterly report this week as a public company, he weighed in again. Whitney Tilson on SpaceX Stock SpaceX’s second-quarter revenue was up 92% to $7.8 billion, beating Wall Street estimates. That’s the good news for investors and a positive for Tilson. Tilson calls SpaceX "the most overvalued large-cap stock of all time" in his Stanberry Research newsletter. SpaceX stock tumbled 14% Wednesday as investor dissected the earnings and higher than expected capital spending. "Even the greatest stock promoter of all time, CEO Elon Musk, couldn’t keep the shares from tumbling," Tilson said. Tilson said SpaceX only reported "selected cash flow information" for the first six months of 2026 and not for the same pe...