SpaceX Is Down 40% — How Low Can It Go?
Summary
Host Ed Elson analyzes the sharp decline of SpaceX stock post-IPO with Morningstar analyst Nicholas Owens, who argues the valuation is inflated despite bullish Wall Street consensus. The episode then examines New York’s moratorium on AI data centers with political strategist Bradley Tusk, discussing the political pressures driving regulation. Finally, Elson delivers a scathing critique of the Trump administration, focusing on the controversial decision to feature the president on new gold coins.
Topics discussed
Market vitals: Inflation, yields, and Apple's AI move
SpaceX stock drops below IPO price, wiping out value
Interview: Morningstar analyst on SpaceX valuation and supply
SpaceX fundamentals: Starlink competition and AI assumptions
SpaceX outlook: Lockup expirations and earnings expectations
New York pauses permits for large AI data centers
Interview: Political drivers behind data center moratoriums
Data center regulation: Bipartisan pushback and Trump's stance
Editorial: Criticism of Trump gold coin and political legacy
Listen ad-free on Castria