Legendary investor Grantham short-sells SpaceX: People may laugh at this "craziest IPO in history" 50 years from now

```htmlJinse Finance reports that GMO co-founder and chief investment strategist Jeremy Grantham recently stated that the market may look back at the SpaceX IPO in “mockery” over the next 50 years, describing it as “the craziest IPO in human history.” Grantham believes that SpaceX’s grand vision of “making humanity a multi-planet species,” combined with the current feverish market enthusiasm, may eventually be seen by investors as overly optimistic. One of SpaceX’s greatest risks is its heavy reliance on Elon Musk’s personal leadership. Grantham points out that Musk holds about 82% of voting control, which is both a major driver of SpaceX’s culture and innovation, but also brings risks regarding governance structure and leadership changes. After SpaceX joined the Nasdaq-100, it garnered significant institutional attention, but its stock price has recently come under pressure. SpaceX shares are currently down about 7% from the peak of the past month, hovering near $150, just above the IPO target price of $135.```