Thoughtful Money with Adam Taggart · Tuesday, July 7, 2026
Eric Jackson, founder and CIO of Event Horizon IQ, believes the high valuation of SpaceX reflects significant market speculation. He warns that a market downturn, like one experienced by Nvidia, could heavily impact SpaceX and lead to significant sell-offs, especially among recent investors.
“The dangerous thing about SpaceX right now is that it because of such a high profile name, like, a lot of people, you know, have opinions about it or following it or are interested in it. And if there was a pullback in the markets, if there was a, you know, Nvidia had a bad quarter or something, a name like a SpaceX is going to really feel that and and could potentially, you know, trade down a lot.”
“So, and then a lot of the people that were sort of the last in the boat, um, because they were all excited about the IPO and everything, they're going to be the first ones out. And then they sort of contribute to the selling. So that's that's the risk.”
“So, um, but with Elon Musk, uh, you know, his track record and his, you know, his ability to, to, to sort of, uh, achieve what he says he's going to achieve has been so strong that, uh, you know, the market is willing to give him the benefit of the doubt. And, uh, and and and as a result, his stock valuations reflect that.”