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The Nexus
BUSINESSJun 27 · 08:00 UTCFORTUNEShawn Tully

Big Short legend Steve Eisman says everyone is buying the wrong AI stocks

Steve Eisman criticizes SpaceX's stock valuation, comparing its revenue to Kellogg's while noting no company of its size has ever been valued at over 100x revenue. He highlights asteroid mining plans in SpaceX's S-1 filing and contrasts this with the fictional context of Apple TV's 'For All Mankind.' Eisman, known for shorting the 2006-2007 housing bubble, argues hype and sci-fi-inspired ambitions are distorting market valuations.

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