Peter Schiff Says the AI Bubble Has 'a Lot More Air' Left to Come Out Amid SPCX Decline

Peter Schiff Says the AI Bubble Has 'a Lot More Air' Left to Come Out Amid SPCX Decline - SpaceX (NASDAQ: - Benzinga Benzinga España Italia 대한민국 日本 Français My Account Login SPY 743.57 - QQQ 679.88 - BTC/USD 64407.71 0.878% DIA 527.33 - GLD 368.95 - TLT 84.07 - Get Benzinga Pro Data & APIs Events Premarket Advertise Contribute España Italia 대한민국 日本 Français Login Register Benzinga Premium Services Benzinga Edge Benzinga Pro Benzinga Research Benzinga APIs Financial News Financial News Large Cap Stocks Small-Cap Stocks Insider Trades Earnings Technology AI News Personal Finance ETF News Crypto News Dividend News Latest Rumors Latest Offerings News Investment Ideas Investment Ideas Stock of the Day Stock Whisper Index Analyst Ratings Analyst Color Financial Advisors Government Trades Trading Ideas Stock Screener Markets Markets Premarket Movers After Hours Options ETFs Commodities Prediction Markets Private Markets Bonds Futures Forex Top Stocks Top Stocks Apple (AAPL) Tesla (TSLA) Amazon (AMZN) Nvidia (NVDA) Alphabet (GOOGL) Meta Platforms (META) Microsoft (MSFT) StreetTracks Gold Shares (GLD) IBIT Bitcoin Trust (IBIT) Top Value Stocks Top Momentum Stocks Top Growth Stocks Top Quality Stocks Learn Learn Investing Guides Personal Finance Mortgages Best Credit Cards Best Dividend Stocks Best Swing Trade Stocks Investment Ideas Investment Ideas Stock of the Day Stock Whisper Index Analyst Ratings Analyst Color Financial Advisors Government Trades Trading Ideas Stock Screener Markets Markets Premarket Movers After Hours Options ETFs Commodities Prediction Markets Private Markets Bonds Futures Forex Top Stocks Top Stocks Apple (AAPL) Tesla (TSLA) Amazon (AMZN) Nvidia (NVDA) Alphabet (GOOGL) Meta Platforms (META) Microsoft (MSFT) StreetTracks Gold Shares (GLD) IBIT Bitcoin Trust (IBIT) Top Value Stocks Top Momentum Stocks Top Growth Stocks Top Quality Stocks Learn Learn Investing Guides Personal Finance Mortgages Best Credit Cards Best Dividend Stocks Best Swing Trade Stocks Research My Stocks Tools Free Benzinga Pro Trial Calendars Analyst Ratings Calendar Conference Call Calendar Dividend Calendar Earnings Calendar Economic Calendar Events Calendar FDA Calendar Guidance Calendar IPO Calendar M&A Calendar Unusual Options Activity Calendar SPAC Calendar Stock Split Calendar Trade Ideas Stock Reports Insider Trades Trade Idea Feed Analyst Ratings Unusual Options Activity Heatmaps Free Newsletter Government Trades Perfect Stock Portfolio Easy Income Portfolio Short Interest Most Shorted Largest Increase Largest Decrease Calculators Options Profit Calculator Margin Calculator Forex Profit Calculator 100x Options Profit Calculator Covered Call Calculator Cash-Secured Put Calculator Long Call Calculator Long Put Calculator Screeners Stock Screener Top Momentum Stocks Top Quality Stocks Top Value Stocks Top Growth Stocks Compare Best Stocks Best Momentum Stocks Best Quality Stocks Best Value Stocks Best Growth Stocks Markets SPY 743.57 - QQQ 679.88 - BTC/USD 64407.71 0.878% DIA 527.33 - GLD 368.95 - TLT 84.07 - July 29, 2026 3:27 AM 3 min read Peter Schiff Says the AI Bubble Has 'a Lot More Air' Left to Come Out Amid SPCX Decline SpaceX IPO Marked AI Bubble’s Peak In a post on X on Tuesday, Schiff underlined that the AI trade was unwinding and said that SpaceX was “down over 20% since its IPO.” He then said that it was down 52% from its all-time high of $225 per share. “It looks like the SpaceX IPO marked the peak of the AI bubble,” the Echelon Wealth Partners co-founder said. He then added that while AI was real, there was a “lot more air left to come out of overhyped AI-related stocks.” The economist had also said that the rally had caused Musk to lose $100 billion in a week as both Tesla and SpaceX recorded sharp declines. Following the slide, Musk no longer retains the trillionaire title, with his net worth being around $724 billion, according to the Bloomberg Billionaires Index . Shorting SpaceX and AI? Meanwhile, market research firm S3 Partners said that SpaceX had become the second-most profitable company to short , with short-sellers clearing upwards of $7 billion betting against the commercial space flight giant. Shorts against SpaceX have also reportedly crossed $26 billion. Benzinga Edge Rankings show SpaceX fails to provide a favorable price trend in the Short, Medium and Long term. Price Action: SpaceX shares were down 1.33% to $114.86 during overnight trading on Tuesday. Check out more of Benzinga’s Future Of Mobility coverage by following this link . Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here . Posted In: Markets Tech Trading Ideas News General SPACE Peter Schiff Elon Musk mobility Connect With Us About Benzinga About Us Careers Advertise Contact Us Market Resources Advanced Stock Screener Tool