EP.43 - SpaceX ($SPCX) Irrational Exuberance? Space Winner or Street 50% Too High

Podcast: Pitch The PM · PitchThePM

Opublikowano: 2026-07-30

"Our numbers are not even half of consensus. Treat the syndicate's number as an extremely optimistic bull case." "We think we're already very optimistic—but consensus is even more optimistic." "Launch is what makes 100% of the value of SpaceX." "Frontier AI is building very high barriers to entry." "Everybody wants to be part of the SpaceX story." Pierre Ferragu, Head of Tech Infrastructure at New Street Research, joins the show to break down SPCX’s sum-of-the-parts valuation and the key debates in the stock. <...