---
title: "SpaceX Stock Selloff: ‘Don’t Even Think About Bottom-Fishing,’ Expert Says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293246004.md"
description: "Former hedge fund manager Whitney Tilson advises against buying SpaceX stock, labeling it 'the most overvalued large-cap stock of all time' despite its recent drop below IPO price. He cites a 92x trailing revenue multiple as evidence of significant overvaluation and warns investors not to attempt bottom-fishing. Additionally, Tilson criticizes analyst price targets, suggesting potential conflicts of interest due to banking fees associated with the company's future acquisitions and financing activities."
datetime: "2026-07-20T18:38:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293246004.md)
  - [en](https://longbridge.com/en/news/293246004.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293246004.md)
generator: "portal-rs"
---

# SpaceX Stock Selloff: ‘Don’t Even Think About Bottom-Fishing,’ Expert Says

Former hedge fund manager **Whitney Tilson** has been bearish on the **SpaceX** (NASDAQ:SPCX) IPO. Despite shares now trading below their IPO price, Tilson says investors should continue to stay away from the **Elon-Musk** led space company.

## SpaceX Stock Overvalued

SpaceX stock was priced at $135 for its record-breaking IPO. Shares listed at around $150 and quickly traded higher for weeks with strong demand. Last week, the stock came back to earth, and new lows continue to be hit on Monday.

Last week amid the selloff, Tilson told investors they should continue to stay away.

"Don’t even think about bottom-fishing this one, as it still trades at 92 times trailing revenues," Tilson wrote in a daily newsletter. "That means it’s still nearly 10 times overvalued, given that I think a generous multiple for the stock would be 10 times revenues."

Tilson said he predicted many times previously that the stock was overvalued, calling SpaceX "the most overvalued large-cap stock of all time."

 **Read Also: SpaceX May Have Surpassed Tesla as Wall Street’s Worst Capital Misallocation Ever, Expert Says** 

## Tilson Critical of Analyst Price Targets

While Tilson is critical of the valuation of SpaceX stock, he says he doesn’t recommend that anyone short stocks.

In a recent email, Tilson shared the list of analyst ratings on SpaceX and their price targets. Tilson warns that investors should take the price targets with a grain of salt, given the large number of analysts who split a $500 million fee pool on the IPO and will profit from interest in shares.

Tilson said analysts from big banks and asset management companies could also benefit down the road.

"It will no doubt be seeking to use its stock to make lots of acquisitions – which means more banking and advisory fees," Tilson said.

Tilson said that with the company having quarterly losses, it could issue more debt and equity, which means more fees for bankers.

## SpaceX Stock Price Action

SpaceX stock is down 1.2% to $122.52 on Monday versus a $120.10 to $225.64 trading range since going public. The new low was set earlier Monday morning.

 **Read Also: EXCLUSIVE: SpaceX Stock Could ‘Eventually Double,’ Market Expert Jay Woods Says ‘Put it Away, Don’t Look At It’** 

*Photo Courtesy: JOCA\_PH on Shutterstock.com*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**