Small investors scrambled to buy SpaceX, despite belief valuation 'stupid'

[1vuio0pswjnm7]

https://www.cnbc.com/2026/06/12/small-investors-scrambled-to-get-in-on-the-spacex-ipo-even-as-some-believe-the-valuation-is-stupid.html

[SilverElfin]

I think the problem is the market is often irrational and subject to groupthink. It’s not irrational to take a bet that the value somehow sticks around, especially with all the games being played to prop up this overvalued stock.