EXCLUSIVE: SpaceX's Valuation Is 'Sentiment Driven' — Direxion CEO Sees Biggest Risk If Investors Start Demanding Cash Flows

Direxion CEO Douglas Yones warns that SpaceX's valuation is primarily sentiment-driven rather than fundamentally justified. While the company benefits from being the largest IPO ever, Elon Musk's leadership, and AI investment hype, Yones cautions that if investors begin demanding cash flows commensurate with the valuation, SpaceX could face weakness. The company's fundamentals may not support its current lofty valuation in the long term.