Morningstar Analyst Questions $1.75 Trillion Valuation for Upcoming SpaceX IPO
A Wall Street analyst from Morningstar has questioned the projected valuation of SpaceX's upcoming IPO, suggesting it is overvalued by more than 50%. The firm estimates a fair value closer to $780 billion due in part to concerns around the performance and capital intensity of SpaceX’s AI unit.

Tickers: $SPCE
Topics: AI unit performance IPO valuation Morningstar analysis SpaceX