SpaceX’s recent listing on the Nasdaq 100 coincides with renewed Wall Street debate over the company’s valuation and the risks investors face. Bloomberg reports that Raymond James analyst Brian Gesuale is among the most bullish voices, assigning SpaceX a valuation above $10 trillion, placing it among the highest estimates discussed by analysts. The Next Web similarly highlights Gesuale’s call, citing a $10.5 trillion valuation target tied to the company’s market upside following its move to the Nasdaq 100. Both outlets also note that other investors are far more cautious. The Next Web, referencing a “famed bear,” says the odds of a major crash are as high as 90%, underscoring sharp disagreement about whether SpaceX’s market value can be sustained. Taken together, the coverage reflects a split among market participants: one side focuses on dramatic long-term growth potential implied by ultra-high valuation targets, while the other stresses the possibility of a sharp correction or overvaluation concerns. The debate is framed as analysis rather than a change in company fundamentals reported in the articles.