Hedge fund manager calls SpaceX equivalent of Dogecoin, says investors are Musk's exit liquidity

SpaceX is essentially a high-stakes meme coin, functioning like Dogecoin where retail investors are merely exit liquidity for Elon Musk. With only 4% of shares public, the price is a manufactured narrative. The math for future growth is also broken: a 10x return would make this profitless company worth half of the entire US GDP. It’s a cult-driven bubble destined to crash once insiders dump their shares. Is SpaceX a revolutionary aerospace leader or just a massive trap for retail?
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