Capital markets don’t need rationality

Cointelegraph reported that Mark Yusko, in an interview, said SpaceX’s $2 trillion valuation is comparable to Dogecoin, and warned that the end of the lock-up period could trigger even deeper selling. He said SpaceX needs to achieve about half of the U.S. GDP within the next 10 years to justify its claimed 10x return, calling it “mathematically impossible.” Yusko also noted that SpaceX stock has fallen by more than 12% in the past five days and lost nearly 28% over the past month. He believes that as the lock-up period expires, investors may sell in large amounts.