In early June, 2026 I wrote in my Diary and was quoted in a Yahoo Finance interview that my view of SpaceX’s (SPCX) intrinsic value was about $70.
It is my view that few “talking heads” in the business media even bothered to read the IPO prospectus — and, that, even fewer, did a bona fide analysis (modeling) on the company.
We shorted the shares at $213 and I continue to remain short. (The shares are currently priced at about $123.)
From my Yahoo Finance interview of five weeks ago:
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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