AI TRENDS | Man Group’s Dan Taylor Says SpaceX Valuation Reflects Musk Bet More Than AI Sector Health

Dan Taylor of Man Group said SpaceX’s valuation does not reflect the overall health of the AI sector and appears to be driven more by a personal bet on CEO Elon Musk than by an AI narrative. According to Jin10, Taylor said SpaceX is unlikely to achieve Musk’s target of $1 trillion in revenue by 2030. He added that investors still place significant trust in Musk given his track record as an entrepreneur, and that this “trust premium” is a key factor supporting SpaceX’s valuation. Taylor also said the pace of issuance by AI-related listed companies will depend on whether the current wave of AI spending continues. He noted that technology stocks have already shown clear divergence, with strong gains in semiconductor-related segments alongside declines in software-as-a-service (SaaS) companies. Taylor said this split may persist until the commercial returns on AI investment become clearer.