Morningstar Issues Valuation Warning on SpaceX IPO
Morningstar, a respected financial research firm, issued a warning that the valuation of SpaceX's upcoming $75 billion IPO is significantly overinflated. The company has set an IPO target price of $135 per share under ticker SPCX with a total enterprise value goal of $1.75 trillion, but Morningstar estimates its fair value at only $780 billion using a DCF model.
Topics: IPO Morningstar SpaceX valuation