[Veteran Short-Seller Chanos Says SpaceX IPO Propped Up by 'Hope and Dreams,' Valuation Hard to Justify] According to a report by Jinse Finance, on June 12, veteran short-seller James Chanos stated that the much-anticipated SpaceX IPO is driven more by investor enthusiasm for Elon Musk and artificial intelligence rather than financial fundamentals. He argued that it is difficult to justify the company's valuation based on any reasonable business assumptions. The founder of Chanos & Co. remarked, ahead of SpaceX's highly anticipated IPO, that this deal serves as a critical test of market sentiment as investors pour money into speculative growth narratives. Speaking at the iConnections Global Alts conference in New York, Chanos said, 'We are about to witness a $75 billion IPO, corresponding to a valuation nearing $2 trillion, for a company with $19 billion in revenue and negative free cash flow. This is truly an IPO propped up by hope and dreams.'