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SpaceX trades 11% above its $135 IPO price as analysts target $280 — but one investor warns valuation is 'beyond silly'

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Core Development: SpaceX trades 11% above its $135 IPO price as analysts target $280 — but one investor warns valuation is 'beyond silly'
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Elon Musk's SpaceX (NASDAQ:SPCX) blasted onto public markets on June 12 in the biggest IPO in history, raising $75 billion and triggering plenty of FOMO — fear of missing out — among investors.

Now Wall Street is turning bullish again. But the story has changed: It's increasingly less about rockets and space exploration and more about artificial intelligence.

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