Morningstar Values SpaceX at $780 Billion — About Half Its IPO Target

SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says

The analysts see a wide range of possibilities around xAI and find its "economic moat indeterminate."

Morningstar says SpaceX should be valued nearly 50% lower than what the market is estimating

RONALDO SCHEMIDT / AFP via Getty ImagesMorningstar said SpaceX should be valued about 48% lower than what the market is estimating. SpaceX's business model is sound, but its stated growth goals are ambitious, Morningstar said.Morningstar says there should be better opportunities to buy SpaceX stock in the months after its IPO.Morningstar just launched its research coverage of SpaceX — and it says the company's current estimated valuation should …

Morningstar values SpaceX at $780 billion — about half its IPO target

The research firm says SpaceX has been significantly overvalued and warns investors to wait for better prices after the debut

Morningstar Analyst Mostly Ignores SpaceX Biggest Current and Future Businesses

Morningstar ignores SpaceX largest current business and vastly underestimates all of its future businesses. The SpaceX business right now in terms of revenue and profits is the $15 billion per year from the rental of the AI data centers that already have been built.XAI gets this from renting out 325000 GPUS. 230,000 H100, H200 and ...