As SpaceX Declines, Gary Black Says He Won't Get Excited Until SPCX Stock Falls Below $100—Ross Gerber Asks 'Can It Hold?'
Investor Gary Black stated he won't become excited about SpaceX until its stock price falls below $100, citing concerns with the company's valuation and profitability prospects. Black had earlier predicted the stock could decline below its IPO price of $135 per share. Meanwhile, investor Ross Gerber questioned whether SpaceX's recent decline will hold, with the stock price currently below $133.
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The $100 target feels arbitrary—SpaceX's valuation isn't purely commercial. Starlink's government contracts, DoD dependencies, and Starship's strategic potential create a structural floor that retail sentiment alone may not breach.
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