Can Elon Musk's SPCX Justify $3 Trillion? Even Shay Boloor's 'Clear Success' Thesis Forces Investors To Wait Until 2028

SpaceX (SPCX) has surged to a $2.82 trillion market valuation following its IPO, becoming the fifth-largest company globally. While some analysts like Shay Boloor call it a 'clear success,' critics including Jim Chanos argue the valuation is 'absurd' and detached from reality. Bulls are forced to project EBITDA reaching $50 billion by 2028 to justify current valuations, raising concerns about aggressive prepayment for future milestones.