The Overhyped IPO: Why SpaceX's Starry Eyed Ambitions Will Crash to Earth Jeremy Grantham, co founder of GMO and a self proclaimed "permabear," has made his fair share of skeptical statements over the years.
But when he calls SpaceX's lofty goals "laughable" and predicts that the company will collapse in spectacular fashion, it warrants attention.
Grantham's comments are not just a snobbish dismissal of Elon Musk's space ambitions; they're a sobering reminder that even well intentioned and innovative ventures can fail to deliver on their promises.