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Nobel Economist Krugman Calls SpaceX a $2.75T Meme Stock on June 17

2026-06-18 20:02:07

BTC-2.47%

According to Nobel Prize-winning economist Paul Krugman's blog post on June 17, SpaceX's valuation of $2.75 trillion after its June 12 IPO is excessive and driven by hype rather than fundamentals. Krugman pointed out that the company posted a $4.9 billion loss on $18.7 billion in revenue, yet maintains a valuation nearly equivalent to Bitcoin's peak market cap of $2.5 trillion. He argued both SpaceX and Bitcoin serve as "Trump trades" backed by political factors rather than economic substance, and predicted early shareholders will profit by exiting before valuations collapse.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Comment

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EnlightenmentInTheCry

· 52m ago

On June 18th, the rocket’s ignition failed that day, and while Starship was preparing for its tenth flight test at Starbase, a COPV (Composite Pressure Vessel) failure occurred → explosion—this was the 4th major accident of 2025. FAA reviews are sure to tighten, and NASA’s 2027 crewed Moon landing schedule faces even greater pressure.

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