Prediction: 3 Reasons SpaceX Could Fall 50% Over the Next Year

SpaceX faces significant downside risks following its IPO, with analyst Geoffrey Seiler citing three major concerns: an extreme valuation of $1.7T market cap with a forward P/S multiple of 40x despite projected cash burn until 2035, CEO Elon Musk's poor track record on delivering promises (fewer than 20% delivered on schedule), and massive share dilution from 15 lockup expirations over the next year that could flood the market with over 911 million shares in the first expiration alone.