Nobel Economist Krugman Calls SpaceX a $2.75T Meme Stock on June 17

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According to Nobel Prize-winning economist Paul Krugman's blog post on June 17, SpaceX's valuation of $2.75 trillion after its June 12 IPO is excessive and driven by hype rather than fundamentals. Krugman pointed out that the company posted a $4.9 billion loss on $18.7 billion in revenue, yet maintains a valuation nearly equivalent to Bitcoin's peak market cap of $2.5 trillion. He argued both SpaceX and Bitcoin serve as "Trump trades" backed by political factors rather than economic substance, and predicted early shareholders will profit by exiting before valuations collapse.
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