SpaceX上市或重演思科2000年泡沫

🚨 WARNING: SPACEX MAY BE REPEATING THE CISCO 2000 PLAYBOOK.

Back in 2000, Cisco wasn’t a fraud.

It was the backbone of the internet. A real business. Real revenue. Real growth.

It also became the most valuable company in the world.

Then reality caught up with expectations.

Cisco lost nearly 90% of its value.

Fast forward to 2026.

SpaceX just went public at a valuation approaching $2 trillion.

The narrative is familiar:

“The backbone of the Space & AI Age.”

The companies are different. The charts are different.

But one thing may be the same:

Investors paying almost any price for an incredible story.

The lesson from Cisco wasn’t that the internet failed.

The lesson was that even great companies can be terrible investments when expectations become too extreme.

Being right about the future doesn’t automatically make you right about the price.