Morningstar Issues Valuation Warning on Upcoming SpaceX IPO
Morningstar has issued a valuation warning ahead of SpaceX's June 12 IPO, estimating the company’s fair value at $780 billion—55% below its $1.75 trillion target price. The firm used a DCF model to assess future cash flows and suggested investors may find better entry points post-IPO.
Topics: IPO Morningstar SpaceX valuation analysis