SpaceX's IPO Valuation Sparks Debate Amidst Ambitious Growth Plans
SpaceX is preparing for an initial public offering (IPO) with a target valuation of $1.77 trillion, aiming to raise up to $75 billion in capital. The company believes it has access to a total addressable market worth $28.5 trillion across space and connectivity services like Starlink. However, Morningstar values the firm at only $780 billion, warning investors that the IPO may not offer sufficient margin of safety.
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