SpaceX IPO was snapped up triggering a frenzy across the United States, with well-known bears being the first to pour cold water on it: don't foot the bill for the unattainable "hope and dream"!

According to the CCN Financial APP, well-known short seller James Chanos stated that the sensational SpaceX public listing was driven more by investors' enthusiasm for Elon Musk and artificial intelligence, rather than based on financial fundamentals. He believes that under any reasonable business assumptions, the company's valuation is difficult to justify.